At the inaugural Energy of Change Summit held in Hanoi on March 10, GE Vernova announced that it is investing approximately $200 million to expand manufacturing capacity with a new facility in Hai Phong, Vietnam, supporting the infrastructure required to meet growing global electrification needs as electricity demand continues to rise.
The new facility will manufacture large power transformers mainly for High-Voltage Direct Current (HVDC) projects, complementing GE Vernova’s existing HVDC transformer manufacturing facilities in Stafford, the UK, and India.
These technologies are used to move electricity efficiently over long distances and ensure power networks can safely and reliably handle rising electricity demand.
The Hai Phong facility will be developed in phases, with full operations expected in 2028, subject to regulatory approvals. Once operational, the site is expected to manufacture critical power equipment at scale, supporting GE Vernova’s global project pipeline, with a primary focus on meeting growing regional demand.
"Vietnam has emerged as one of Asia's fastest growing economies, with a power system undergoing rapid and ambitious transformation," said Mr. Scott Strazik, President and CEO of GE Vernova. "From supplying our HA technology for Nhon Trach 3 & 4, the country's first LNG-to-power plants — to establishing our HVDC manufacturing presence for the region's growing electrification needs, what we build here extends far beyond Vietnam's borders. These investments strengthen supply chains, build local skills and industrial capability, and lay the foundation to power economies across Asia and beyond.”
Centered on the theme "Powering Vietnam: From Concept to Reality", the summit examined Vietnam's power sector as an integral part of Asia's broader energy future. Discussions covered the next phase of execution of the Revised Power Development Plan VIII (PDP8R) from strengthening local capability and deepening supply chain integration to enhancing system flexibility for a more diversified energy mix alongside the latest advances in generation and transmission technologies and best practices from leading markets worldwide.
In his keynote speech, Vietnam's Acting Minister of Industry and Trade Le Manh Hung underscored the country's commitment to accelerating its energy transition, emphasizing the need to meet rapidly growing energy demand while ensuring longterm, sustainable economic growth.
New initiatives and milestones announced at the event
Accordingly, GE Vernova marked the start of commercial operation of PetroVietnam Power Corporation (PV Power)’s Nhon Trach 3&4 1.6-gigawatt (GW) Power Plant. This is the first HA-powered plant in Vietnam and the first to be powered by liquefied natural gas (LNG). Powered by 9HA.02 technology, the power plant can deliver 1.6 gigawatt of electricity to the grid. The power plant is expected to improve the reliability and stability of the energy grid to support renewables penetration.
In addition, GE Vernova has been selected by PV Power to supply 9HA.02 gas turbines and H78 generators. Under the agreement signed on March 10, 2026, two gas turbine and generator units will be prioritized for delivery in 2029 for the Quynh Lap LNG power project in central Nghe An province, which will have an installed capacity of approximately 1.6 gigawatts. The supply of additional units will be discussed by both parties in the near future. This agreement marks a significant milestone in the collaboration between GE Vernova and PV Power. The Quynh Lap project—is one of PV Power’s priority projects for development and operation during the 2025–2030 period.
GE Vernova has been selected also by the Vingroup–VinEnergo joint venture to supply two 9HA.02 gas turbines and two H78 generators, delivering more than 1.6 gigawatts (GW) of power. The project is expected to reduce reliance on traditional fossil fuels, enhance national energy security, and improve power grid stability, marking a strategic step by Vingroup toward more sustainable growth. In addition to strengthening electricity supply for Hai Phong and the national grid, the plant is anticipated to catalyze hightech- industrial development in line with more sustainable growth trends.
Especially, GE Vernova technology has been approved to provide over 1.6 gigawatts (GW) of power by Electricity of Vietnam (EVN) for their Quang Trach II LNG power plant in central Quang Tri Province, Vietnam. For the new gasfired facility, GE Vernova is expected to supply two 9HA.02 gas turbines and two H78 generators. The plant is targeted to be fully operational by 2030. Originally, Quang Trach II was designed as a coalfired power plant with a capacity of 1.2 GW. The conversion of the Quang Trach II Thermal Power Plant from coal to LNG has been approved by the Government in accordance with Vietnam’s National Energy Development Strategy through 2030. This project marks a significant expansion of gas-fired power generation and accelerates the country’s transition from coal to gas.
GE Vernova’s equipment provides up to 30% of Vietnam's electricity needs, with over 1,100 employees across 9 locations from various GE Vernova businesses throughout the country. GE Vernova’s global customers are served by a global network of repair and manufacturing capabilities which include GE Vernova’s Phu My repair facility and Dung Quat HRSG manufacturing plant in Vietnam.
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