Continuing to support energy innovation, the US Department of Commerce provides advocacy for Delta Offshore Energy 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.
Delta Offshore Energy is paving the way for a new wave of private sector energy investments in Vietnam
Hanoi, Vietnam. September 2020 — Ian Nguyen, Managing Director of Delta Offshore Energy which is the lead developer in a world-class consortium to the game-changing 3.2GW LNG-to-power IPP in Bac Lieu Province, Vietnam, was honored to be invited as the first investor to speak in the timely seminar on IPP investments in Vietnam chaired by H.E. Hoang Quoc Vuong, Vice Minister of the Ministry of Industry and Trade (“MOIT”) cum Deputy Chairman of the National Steering Committee for Power Development in Vietnam and hosted at the headquarters of national utility Vietnam Electricity Group (“EVN”).