Prime Minister attends series of investment events for billion-dollar energy projects

On the evening of December 1, in Ba Ria-Vung Tau province, Prime Minister Pham Minh Chinh attended a series of 5 energy industry investment events with investment capital of billions of USD.

Prime Minister attends series of investment events for billion-dollar energy projects

On the evening of December 1, in Ba Ria-Vung Tau province, Prime Minister Pham Minh Chinh attended a series of 5 energy industry investment events with investment capital of billions of USD.

The series of events includes: The launching ceremony and handover of 33 offshore wind power jackets of the Greater Changhua 2b&4 project (CHW2204) to customer Orsted (Denmark); the contract signing ceremony for manufacturing and supplying offshore wind power jackets to international customers in the Asia- Pacific market; the groundbreaking ceremony for manufacturing 4 offshore transformer stations (OSS) for the Baltica 02 offshore wind power project in the Baltic Sea; the groundbreaking ceremony for the central technology platform of the Block B - O Mon gas power project chain; the FSO contract award ceremony for the Lac Da Vang field.

Prime Minister Pham Minh Chinh and leaders of ministries and branches pressed the button to start construction of the central technology system of the project lot B - O Mon - Photo: VGP

According to the Vietnam Oil and Gas Group (Petrovietnam), a series of energy industry events with many large projects, for the first time, put Vietnam on the world's offshore renewable energy map.

In particular, the CHW2204 project for customer Orsted (Denmark) is the first project in Vietnam to have a large-value export contract in the very new field of offshore renewable energy.

As for the Baltica 02 offshore wind power project in the Baltic Sea - one of the largest wind power projects in the world, this is the first time a Vietnamese enterprise has won the bid and exported offshore wind power transformer stations to Europe.

The Block B - O Mon gas power project is a large-scale state-owned oil and gas project in Vietnam, with an expected gas production output of about 5.06 billion m3/year in 20 years, the largest oil and gas project ever in Vietnam with a total investment of nearly 12 billion USD.

In particular, the central technology platform of the project is the largest in scale ever designed, purchased, constructed, transported, installed, connected, and tested in Vietnam.

Speaking at the event, Prime Minister Pham Minh Chinh acknowledged Petrovietnam 's efforts in implementing strategic oil and gas projects and renewable energy projects, including offshore wind power projects with a total contract value of about 2 billion USD.

The Prime Minister hopes that the Vietnam Oil and Gas Group and the Vietnam Petroleum Technical Services Corporation (PTSC) will accelerate more strongly and do bigger things with a double growth rate in the coming years, reaching about 15-20% per year; contributing to promoting the country's GDP growth to a higher rate, reaching about 8% in 2025 and reaching double digits in the following years.

“The results achieved also show that nothing is impossible. What is important is whether we are determined to do it and know how to do it. Time, intelligence, decisiveness, timing, and focus are the most important factors leading to success,” the Prime Minister emphasized.

The Prime Minister witnessed the contract awarding ceremony for manufacturing and supplying offshore wind power bases to foreign partners - Photo: VGP

The Prime Minister continued to emphasize that green development, digital transformation, and circular economy are global trends, objective requirements, strategic choices, and top priorities. This is also an area in which Vietnam has many distinct potentials, outstanding opportunities, and competitive advantages.

Therefore, Prime Minister Pham Minh Chinh requested the Vietnam Oil and Gas Group to transfer and master all offshore wind power technology, including the production of turbines, wind blades, bases, etc., as soon as possible.

In addition, it is necessary to train human resources, improve management capacity, develop infrastructure, and propose policies to develop the renewable energy industry in the spirit of open policies, transparent infrastructure, and smart management.

The Prime Minister also asked the Oil and Gas Group to promote international cooperation and implement agreements between Vietnam's senior leaders and other countries. The Prime Minister hopes that foreign investors will continue to cooperate in the spirit of "harmonious benefits and shared risks".

In front of a large number of foreign investors, Prime Minister Pham Minh Chinh said that he will continue to promote the role of creation, ministries, branches and Petrovietnam will propose to build and perfect institutions and policies, including amending the law on management, investment and business of state capital in enterprises, and related decrees in the spirit of untying enterprises.

Source: https://baodautu.vn/thu-tuong-du-chuoi-su-kien-dau-tu-cac-du-an-nang-luong-hang-ty-usd-d231471.html