Bac Lieu Lng Tender

Scope of WorkTo Develop 3200 MW Bac Lieu LNG-fired thermal power plant.DescriptionThe Bac Lieu LNG-fired thermal power plant expected to cost about US4 billion will cover 40ha in Vinh Hau A Commune Hoa Binh District. It is the biggest foreign-invested project in the Cuu Long Mekong Delta region thus far. The project will create thousands of local jobs and contribute thousands of billions of dong to the local budget once it comes into operation.With a designed production capacity of 3200 MW the plant comprises four gas turbine units with a capacity of 750MW each and one unit with a capacity of 200MW. According to the committee four gar turbines of the plant are expected to be completed at the end of 2023 while the remaining one is slated for completion in late 2027. The development of LNG is a trend to diversify fuel sources contributing to the countrys energy security.Contractors involved in the LNG-to-power plant projectGE Power a subsidiary of global industrial conglomerate GE was selected to supply four turbines for the power plant.Multi-national engineering and construction services company McDermott was awarded the front-end engineering design FEED services contract for the subsea gas pipeline for the project in August 2020. The contractual scope also includes the provision of pre-engineering geotechnical and geophysical survey services.American engineering company Bechtel received a contract to provide FEED services for the project in July 2021. The project will move to the engineering procurement and construction EPC execution stage upon completion of the FEED.Black Veatch a global engineering and construction company based in the US was selected by DOE as the technical advisor for the Bac Lieu project. The same company also completed a concept study of the plant.Swedish firm Stena was selected to provide the floating jetty-less LNG terminal solution and the self-installing regas platform SRP for the project while UK-based shipbroking services firm Howe Robinson Partners is providing LNG shipping advisory services.US-based financial services provider JP Morgan is the debt structuring agent and mandated lead arranger for project finance while Marsh JLT was appointed to provide risk and insurance advisory services for the project.Law firms Hogan Lovells Gide Loyrette Nouel and ACSV Legal are the legal advisors to DOE for the power project.