VN welcomes US Gen X Energy projects

Tuesday, Sep 10, 2019 16:13

Deputy Prime Minister Vuong Dinh Hue (right) host a reception for Gen X Energy CEO Scott Kicker (left) in Ha Noi. — VNA/VNS Photo Duong Giang

The Vietnamese Government always rolls out the red carpet for US-based Gen X Energy’s high-tech projects which, according to Deputy Prime Minister Vuong Dinh Hue, are environmentally friendly.

Hosting a reception for Gen X Energy CEO Scott Kicker in Ha Noi on Monday, Deputy PM Hue stressed the US firm’s projects are in line with the Vietnamese Government’s priority in attracting foreign investment, adding that the Southeast Asian country is interested in importing liquefied natural gas (LNG) and developing gas electricity plants to ensure sufficient energy for economic development.

He spoke highly of Gen X Energy’s cooperation with relevant sides to land investment in Viet Nam, expressing his belief the move will make significant contributions to boosting collaboration in trade and investment.

The official also underlined that Viet Nam expects more US investments to improve bilateral trade balance.

Kicker told his host Gen X Energy had worked with leaders of the southern province of Ba Ria-Vung Tau to outline a plan for a LNG complex in the locality.

It will comprise of a large-scale LNG storehouse and the project will help reduce costs while distributing gas to power plants in Viet Nam.

As the company has a plan to develop a gas electricity plant, he asked the Vietnamese Government to put its project into the national power planning.

Deputy PM Hue asked the US firm and its Vietnamese partners to make detailed reports on the plant’s scale and total investment before submitting to the Prime Minister for approval. — VNS

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