Siemens bags LTP contract extension for 740 MW power plant
Siemens Energy Service was recently awarded a Long-Term Service Program (LTP) contract extension for Phu My 3 combined cycle power plant. The facility is a build-operate-transfer (BOT) financed 740 MW power plant located in Ba Ria - Vung Tau Province, Vietnam. It began commercial operation in 2004 and supplies Vietnam with clean power generated by efficient gas turbines. With the extension of this contract, Siemens will service the power station's major equipment for a period of approximately eight more years once the gas turbines have reached 100,000 equivalent operating hours.
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Siemens will provide comprehensive maintenance services for the plant's two SGT5-4000F turbines, one SST5-5000 steam turbine and three generators. The long-term maintenance contract will help to ensure safe and reliable operations over the lifecycle of the Phu My 3 power plant by providing predictable maintenance costs and extended warranty coverage, as well as the supply of original equipment manufacturer (OEM) spare parts and professional outage management.
Phu My 3 is the first large-scale BOT gas-fired power plant that contributes to more reliable base load and more diversification of energy sources in Vietnam. It serves as a successful model for the development of an integrated gas-for-power project and involves the transfer of technology and best practices in power plant operation, as well as in environment, health and safety management.
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