Siemens, Lilama sign $212m deal

Siemens, Lilama sign $212m deal

HANOI: German engineering giant Siemens has signed a contract worth more than US$212 million to provide equipment for a gas power plant in southern Vietnam, an official said on Tuesday.

Under the contract signed with Vietnam's Machinery Installation Corp. (Lilama), Siemens will supply equipment for the 750 megawatt Ca Mau 2 power plant, said Lilama spokesman Nguyen Khac Tiep.

"Construction of the plant will start at the earliest," he said.

The plant is part of a 200-hectare gas, power and fertilizer complex worth $1.2 billion in the southernmost province of Ca Mau.

The main investor is the state-owned Vietnam Oil and Gas Corporation or PetroVietnam, which engaged Lilama as the major contractor for the complex. -- AFP