PTSC shows strong engagement in offshore wind power projects
PTSC, a subsidiary of Petrovietnam, is heavily involved in both domestic and international offshore wind power projects due to its extensive experience, robust resources, and skilled personnel.
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.
According to PTSC General Director Lê Mạnh Cường, the firm is capable of providing transformer station and base manufacturing services for offshore wind power projects, and its capacity can meet international partners’ demand.
Recently, PTSC has been chosen by international offshore wind power developers to participate in their supply chains.
In May 2023, PTSC won the bid and signed a contract with Orsted Group to manufacture and supply 33 wind power bases for CHW2204 offshore wind farm project in Taiwan (China) which has a total capacity of 920MW. PTSC has also signed and implemented contracts to design and manufacture nine 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 US$1.5 billion. All the supplies are manufactured in Việt Nam.
In 2023, PTSC was also chosen by the Singaporean Government to partner with Sembcorp in developing a 2.3GW offshore wind power project to export electricity to Singapore through a submarine cable system.
With an over 3,000km coastline, Việt Nam has the highest wind power resources in Southeast Asia, and ranks fifth in Asia and 13th in the world in the field. The World Bank estimates that Việt Nam’s offshore wind power potential is about 600GW. Wind power development is also a focus of the National Power Plan VIII.
According to Cường, the Government should issue policies and mechanisms to encourage and attract investment in offshore wind power development to optimise the country’s strength, with priorities given to domestic firms and State-owned enterprises.
In late August 2023, PTSC became the first and only in Việt Nam to be licensed by the Ministry of Natural Resources and Environment to fully deploy monitoring, investigation, survey and assessment activities of marine resources.
In October 2023, PTSC's partner Sembcorp was also granted a conditional electricity import licence from the Singapore Energy Market Management Authority (EMA).
Cường revealed that in 2024, PTSC will conduct offshore surveys. — VNS
