Hanoi, Vietnam, July 10, 2012 — GE signed an equipment supply contract worth USD16.5 million with the Power Transmission Co. No. 4, a unit of the National Power Transmission Corp., to double Vietnam's existing power capacity through upgrading of the country's national backbone transmission system.
GE's series capacitor banks will be installed as part of the upgrade of the 500-kV Pleiku–Phu Lam transmission line to increase power capacity from 1,000 amps to 2,000 amps.
U.S. Secretary of State Hillary Clinton witnessed the signing of the contract in Hanoi.
Under the terms of the contract, GE will supply six series capacitor banks to NPT and provide on-site supervision for installation testing and commissioning. The project utilizes GE's latest fuseless technology to enable a 100 percent increase in the current capacity of the existing transmission line and installed infrastructure.
GE will partner for the first time with a local corporation, 3C Co., to provide local content for the project.
GE's capacitor technology is proven technology in Vietnam with the first GE banks installed in the 1990s. This is the second time GE has signed a contract directly with NPT. The first involved a similar capacitor banks installation in the 500-kV Da nang - Ha Tinh transmission line.
The U.S. Export-Import Bank is financing the project. Shipping and installation of the capacitors at the three locations will begin in the second quarter of 2013, with commercial operation set to begin in the third quarter of the year.
GE signed a memorandum of understanding in March 2011 with NPT for both companies to work together in an effort to increase Vietnam's power transmission efficiency and expertise, while reducing the risk of power shortages.