Land Approval - a Major Step Forward for Vietnam’s Bac Lieu LNG-to-Power

Project

Houston, TX, April 09, 2021 --(PR.com)-- Delta Offshore Energy’s LNG-to-Power project for Bac Lieu
province in southern Vietnam reached another major milestone on 30 March 2021, when a special
meeting of the Bac Lieu Province People's Council approved a land requirement of 70 hectares for the
project.

When fully operational, the Bac Lieu LNG-to-Power plant will produce 3.2 GW of electricity annually,
enough to power 32 million homes and kickstart the region’s industrialization.

The extraordinary nature of the meeting underscored the importance of the project to Vietnam. Normally,
the People’s Council holds its meetings in July and October, ahead of representation at the semi-annual
National Assembly conventions. The resolution achieved at this special meeting provides a key step
forward for the Bac Lieu LNG-to-power project. The 70-hectare project is in the Provincial Plan,
enabling Delta Offshore Energy (DOE) and Bac Lieu Province to complete the Land Lease Agreement in
preparation for project implementation and civil works construction in 2021. This keeps the project
perfectly on track with the approved National Plan timelines, to have its first 800 MW block operational
by early 2024 and full capacity of 3200 MW online by the end of 2024 with all four blocks installed.

DOE, along with its leading American and European engineering consortium partners, is also in the
process of identifying local contractors for site preparation and civil infrastructure works.

“We would like to thank the Bac Lieu Province leadership across all organizations, levels and districts for
their unparalleled support in facilitating the development and implementation of this important project,
which will power the progress of Bac Lieu Province and the neighboring region,” said Ian Nguyen,
Managing Director of DOE. “The power plant will help bring energy security to Vietnam, aid the
country’s transition away from coal, and open the door to the future by facilitating the transition to
renewable energy through its 500-kV transmission line, which will provide the grid connection for
alternative energy sources like wind and solar farms on its route through the Mekong Delta. Building on
the generous and positive goodwill of Bac Lieu, we are pressing ahead full steam and firing across all
cylinders to ensure the project objectives are on time and on budget.”

About Delta Offshore Energy

Delta Offshore Energy focuses on developing clean energy solutions as the future for meeting the power
generation needs of emerging economies. We originate structures and co-develop clean energy projects
with a particular focus on the rapidly evolving power sector in Vietnam. We encompass the entire
spectrum of LNG to power, wind, and solar. For additional information, visit deltaoe.com

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Contact Information:
Delta Offshore Energy
Miriam Martinez
956-451-5046
Contact via Email
deltaoffshoreenergy.com

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/834369

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