The Woodlands, Texas, July 23, 2021 – Delta Offshore Energy is the owner of a ﬂagship project, the 3.2 GW power plant in Bac Lieu located in the southern region of Vietnam. Delta’s progress in the development of clean energy solutions in the country of Vietnam has established a subsidiary company the Bac Lieu LNG Power Company Limited. Mr. Canh Ba Do
Delta Offshore Energy’s LNG-to-Power project for Bac Lieu province in southern Vietnam reached another major milestone on 30 March 2021, when a special meeting of the Bac Lieu Province People’s Council approved a land requirement of 70 hectares for the project.
Houston-based Delta Offshore Energy (DOE) announced today that the US Department of Commerce will continue to provide official commercial advocacy for their Vietnam Bac Lieu project.
The final major step in the decision-making process, the signing of a Power Purchase Agreement (PPA) between Delta Offshore Energy (DOE) and the Vietnamese Government, began on 29 December. The PPA is a 25-year contract under which Vietnam will purchase electricity from Bac Lieu, with a lifetime value of approximately US $50 billion.