The AES Corporation is a Fortune 500 global power company that operates on four continents.
Want to know how we accelerate the future of energy for everyone?
We call it global x local.
You might hear other companies say they are both global and local. At AES, it’s true for us in a way that’s impossible for others to claim.
We are the only US-based global power company in the world, which gives us a unique set of knowledge to develop and deliver unique energy solutions.
Our deep local roots mean that we are completely integrated and invested in the communities where we work. We respect and understand the local culture to deliver greener energy solutions in the way that makes the best sense for each community.
Our global reach means we have the ability and responsibility to develop and deliver new solutions, and to do so at scale. We share the experiences we have so that we can bring innovation and a broader range of solutions from one market to another.
In Vietnam, our vision is to be a leading sustainable power company that provides safe, reliable and affordable energy.
AES, through its subsidiary, AES Mong Duong Power Company Limited (“AES Mong Duong”), has successfully developed and arranged financing for the Mong Duong 2 BOT Power Project of 1,242 MW with total investment of approximately US$2.1 billion. This is Vietnam’s first and one of the largest Build – Operate – Transfer (“BOT”) coal-fired power projects, representing approximately 2.3% of the country’s installed capacity.
In November 2017, AES signed an MOU with PV Gas in the presence of US President Donald J. Trump and Vietnamese President Tran Dai Quang to develop the $1.4-billion Son My LNG Terminal Project. In November 2019, AES also signed an MOU with the Ministry of Industry and Trade to develop a 2.2GW combined cycle gas turbine (CCGT) power plant under the BOT scheme, which will be located in Binh Thuan Province.
Together, the CCGT and terminal are expected to play a major role in shaping Vietnam’s energy future by diversifying the energy mix with imported LNG and meeting the country’s increasing demand for sustainable and affordable electricity.