Tokyo, Japan - January 7, 2015
Yokogawa Electric Corporation announces that its subsidiary, Yokogawa Engineering Asia, has received an order from Toshiba Plant Systems & Services Corporation to deliver control systems for the Thai Binh coal-fired thermal power plant in Vietnam. Toshiba Plant Systems & Services will be responsible for installing the electrical and other facilities at this power plant.
The Thai Binh coal-fired power plant is being built in the Thai Thuy district of Thai Binh province in northern Vietnam by Vietnam Electricity (EVN), a national power company. With two 300-MW units, the plant will have a total output of 600 MW. The first unit is scheduled to start operation in October 2017.
For the control of the boilers in each unit and the integrated control and monitoring of the boilers, turbines, and auxiliary facilities throughout the plant, Yokogawa will deliver the CENTUM® VP integrated production control system and the Exaquantum™ plant information management system. Yokogawa Engineering Asia will be responsible for the engineering and delivery of these systems, and will provide support with installation, commissioning, and operator training. The delivery of all systems for unit 1 will be completed by September 2016.
Yokogawa has a long track record in delivering control systems to the power industry in Vietnam, and the company's systems are currently in use at facilities such as the Pha Lai 2, Vung Ang 1, Nghi Son 1, and Mong Duong 2 coal-fired thermal power plants. Yokogawa was able to win this order thanks to its strong project implementation capabilities and the high reliability and long-term stability of its products.
Throughout Southeast Asia, demand for energy is rapidly growing in line with economic growth. The Southeast Asia Energy Outlook-World Energy Outlook Special Report published by the International Energy Agency (IEA) in September 2013 predicts that Southeast Asia will need to invest 1.7 trillion dollars in energy infrastructure by 2035 and that the electric power industry will account for approximately 60% of this total. Currently, over 30 coal-fired power plants are either under construction or in the planning stage in Vietnam, making this country one of the region's most active investors in electric power.
Encouraged by its success in winning this order, Yokogawa plans by fiscal year 2017 to win 100 million dollars in orders in Southeast Asian and South Asian markets such as Vietnam.
Yokogawa's global network of 86 companies spans 56 countries. Founded in 1915, the US$4 billion company conducts cutting-edge research and innovation. Yokogawa is engaged in the industrial automation and control (IA), test and measurement, and other businesses segments. The IA segment plays a vital role in a wide range of industries including oil, chemicals, natural gas, power, iron and steel, pulp and paper, pharmaceuticals, and food. For more information about Yokogawa, please visit the company's website www.yokogawa.com.
In the mid 1970s, Yokogawa entered the power business with the release of the EBS Electric Control System. Since then, Yokogawa has steadfastly continued with the development of our technologies and capabilities for providing the best services and solutions to our customers worldwide.
Yokogawa has operated the global power solutions network to play a more active role in the dynamic global power market. This has allowed closer teamwork within Yokogawa, bringing together our global resources and industry know-how. Yokogawa's power industry experts work together to bring each customer the solution that best suits their sophisticated requirements.