On 22nd November 2012 in Hanoi, Electricity of Vietnam (EVN) and Siemens Vietnam signed a Memorandum of Understanding (MoU), marking another important milestone in the long and successful history of cooperation between the two corporations. “With this MOU, Siemens would like to reinstate its commitment in working closely with EVN to power nearly 90 million people countrywide and to successfully implement the ambitious power master plan, which is a core of the economic growth of Vietnam”, said Dr. Thai-Lai Pham, CEO of Siemens Vietnam.
Vietnam is one of the fastest growing economies in the region, resulting in increasing demand for electric power. However, at this stage, the energy industry still has a lot of work to do in order to meet the country’s needs and to overcome the power shortage problems.
Siemens has been contributing actively to the development of the energy sector in Vietnam and helping EVN to ease the country power shortage problem through our successful participation in many key power generation and transmission projects.
Up till now, Siemens has supplied its products and equipment to hundreds of power substation projects and more than twenty power generating units with a total capacity of over 3,350MW in Vietnam. In the past 20 years, EVN and Siemens have developed the fruitful cooperation through a number of important projects such asBa Ria Add-on 1 and Phu My 2.1 Extension power plants; 500kV and 220kV substations such as Song May, Doc Soi, Quang Ninh, Sơn La, Trang Bang…
In the MOU, EVN and Siemens pledge to push forward the bilateral cooperation through extensive information exchange, experience sharing and technical training, as well as support in arranging financing for future power projects. The MOU shall be valid for a period of 5 years and may be extended upon agreement by both parties.
“We can understand those challenges facing EVN now and in the future. As an innovation driven company, Siemens is in the best position to support EVN in powering Vietnamese people and in realizing Vietnam’s ambition to become an industrialized nation by 2020.We will help to make this become the reality by providing state-of-the art products and technologies, by cooperating to develop a highly skilled workforce for EVN, as well as by helping EVN to have access to reliable financing sources for their future power projects”, stated Dr. Thai-Lai Pham.