In the first stage the factory will produce 1.5 MW wind turbines for export and is scheduled to mass produce some 10,000 parts and assorted wind turbines annually. Its products will be forwarded to GE production facilities worldwide to be assembled into end products.
The factory now provides stable jobs for over 250 local workers and contributes to domestic production and daily life as well as for export.
John Krenicki, Vice President of the GE Group and President cum General Manager of GE Energy operations in Vietnam , hailed Vietnam as an ideal destination for investment and expansion of production capacity thanks to its skilled workforce and the bright prospects of the regional energy industry.
The US giant unveiled a plan to upgrade and expand the factory into a complex specialising in power equipment for wind energy production to meet national and global demand.
While the demand for energy is rising dramatically in Vietnam, development of wind energy is still in its infancy and faces big obstacles.
Surveys show that around 28,000 square kilometres of Vietnam’s land has an average wind speed of over seven metres per second at the height of 65 metres above sea level. This speed is considered suitable by international experts, who offered an assessment potential of over 110,000 megawatts (MW).
A survey by the World Bank has also found that Vietnam has greater wind energy potential than Thailand, Laos and Cambodia. It says Vietnam is capable of producing 513,360 MW annually. The Phuong Mai 3 Wind Farm, which has an annual capacity of 55 MW, was the first wind power project in Vietnam.