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Sunday, February 5, 2012




Vietnam Briefing is a magazine and daily news service about doing business in Vietnam. We cover topics relating to the Vietnamese economy, the market in Vietnam, foreign direct investment and Vietnamese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates



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Indian Firm to Build US$50 Million Hydropower Plant in Vietnam

Aug. 21 – Indian power equipment company, Bharat Heavy Electricals Limited (BHEL) has bagged a US$50 million contract to build a 200-megawatt (MW) hydroelectric power plant in Vietnam.

The Nam Chien Hydro Power project aims to meet the country’s growing energy demand and join its rapidly growing power sector that is expected to expand by 16 percent annually. The project will be financed through a US$45 million line of credit given by the Indian government and managed by the Export Import Bank of India.

Other major stakeholders in the project include state-owned Nam Chien Hydropower Joint Stock Company of Vietnam, Song Da Corporation and Petro-Vietnam.

The contract calls for BHEL to design, manufacture, supply and supervise the installation of the Electro-mechanical equipment package for the hydro power project that includes two Pelton type hydro generating units of 100 MW each. The project will also install hydro turbines, generators, transformers, controls, monitoring and protection system and switchgear.

The new hydropower plant is scheduled to be finished by 2010 and will be located in the Muong La district in the Son La province of Vietnam, 350 km north of Hanoi.

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