PTSC shows strong engagement in offshore wind power projects
The Petrovietnam Technical Services Corporation (PTSC), a subsidiary company of the Vietnam Oil and Gas Group (Petrovietnam), is deeply engaging in domestic and international offshore wind power projects thanks to its rich experience, strong resources and highly qualified personnel.
A view of the 200-hectare PTSC port in Ba Ria-Vung Tau province. (Source: VNA)
Hanoi (VNA) – The Petrovietnam Technical ServicesCorporation (PTSC), a subsidiary company of the Vietnam Oil and Gas Group (Petrovietnam),is deeply engaging in domestic and international offshore wind power projectsthanks to its rich experience, strong resources and highly qualified personnel.
According to PTSC General Director Le Manh Cuong, the firmis capable of providing transformer station and base manufacturing services foroffshore wind power projects, and its capacity can meet international partners’demand.
Recently, PTSC has been chosen by international offshore windpower developers to participate in their supply chains.
In May 2023, PTSC won the bid and signed a contract withOrsted Group to manufacture and supply 33 wind power bases for CHW2204offshore wind farm project in Taiwan (China) which has a total capacity of 920MW. PTSC has also signed and implemented contracts to design and manufacturenine offshore substations (OSS) for offshore wind power projects in Taiwan(China) and Europe (Baltic Sea region).
These projects have a total contract value of about 1.5billion USD. All the supplies are manufactured in Vietnam.
In 2023, PTSC was also chosen by the Singaporean Governmentto partner with Sembcorp in developing a 2.3GW offshore wind power project toexport electricity to Singapore through a submarine cable system.
Illustrative image (Source: VNA)
With an over 3,000km coastline, Vietnam has the highest windpower resources in Southeast Asia, and ranks fifth in Asia and 13th in the world in the field. The World Bank estimates that Vietnam’s offshore windpower potential is about 600GW. Wind power development is also a focus of theNational Power Plan VIII.
Cuong held that the Government should issue policies andmechanisms to encourage and attract investment in offshore wind powerdevelopment to optimise the country’s strength, with priorities given todomestic firms and State-owned enterprises.
In late August 2023, PTSC became the first and only inVietnam to be licenced by the Ministry of Natural Resources and Environment tofully deploy monitoring, investigation, survey and assessment activities ofmarine resources.
In October 2023, PTSC's partner Sembcorp was also granted aconditional electricity import licence from the Singapore Energy MarketManagement Authority (EMA).
Cuong revealed that in 2024, PTSC will conduct offshoresurveys./.
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A view of the 200-hectare PTSC port in Ba Ria-Vung Tau province. (Source: VNA) 
Illustrative image (Source: VNA) 
