Energy & utility companies currently have to achieve the balance of providing a service within tough regulatory regimes in a competitive market operating in a complex and demanding environment and marketplace.
In December 2013, Electricity of Vietnam (EVN) signed a construction agreement with the Mitsubishi Corporation and Doosan Heavy Industries (a subsidiary of the Doosan Group) to build the two-unit, 1,200-MW, $1.4 billion Vĩnh Tân-4 in Vĩnh Tân commune, Tuy Phong district, Bình Thuận province in Vietnam.
Construction began in March 2014, with Unit 1 scheduled to go online in 2017 and Unit 2 in 2018. The project is financed by both Korea Export-Import Bank and Japan Bank of International Cooperation. Toshiba Corporation won the contract to provide the plant’s turbines and generators in July 2014.
AFEC supported the Pacific Corporation and became an integral part of the project team for the Vinh Tan 4 project development. In doing so AFEC stove to protect Pacific Corporation’s investment in the power project overall as well as the specific EPC responsibility for the scope of work on the site
AFEC appointed a project director capable of participating at consortium level at all aspects both technically and commercially keeping the consortium advised of its progress.
Key tasks being overseen by AFEC include participation with the project team in the immediate revalidation of all aspects of the project and the preparation and approval of engineering construction budgets for the overall project to completion & agreement with the consortium the establishment and approval of the overall schedule.
AFEC’s involvement extended to the selection and appointment of the EPC team. This included the setting down and putting into operation all standards, procedures milestones and reporting systems necessary for an EPC contract.
Energy companies face increasing cost when delivering infrastructure and / or improving their existing networks. With large-scale development programmes to complete, together with overheads in property and facilities to maintain, energy and utility businesses recognise the value of working with an intelligent partner, like AFEC, who can help them to drive value-for-money through every aspect of their daily operations.