IPC Group: Rendering End-To-End EPC & O&M Services At Its Best

Along with the growth of wind energy, associated services such as O&M are becoming increasingly important. Investors and Project Employers pay close attention to O&M in every project. Reduced O&M costs and increased reliability have emerged as the primary goals of turbine maintenance. Wind energy O&M costs 11-30 percent of the total Levelized cost of electricity (LCOE) of the current wind power system. O&M is establishing itself with various success in Southeast Asia. For turbines, wind turbine manufacturers (100% foreign company) also provide O&M service for the turbines. However, O&M service providers in the region as a whole and in the country, in particular, will be able to meet the needs of the local renewable energy market and provide more effective solutions with lower costs.

IPC Group, a leading Vietnam EPC Contractor in the renewable energy sector, looks forward to leveraging its depth of experience to assist clients in meeting operational goals. With a growing workforce of highly competent and well-trained engineers in Vietnam, the firm offers comprehensive O&M services to ensure that the Facility is operated, maintained, tested, and inspected efficiently, safely, economically, and reliably. The firm optimizes its services and technical strength in the region with a rising workforce of highly competent and well-trained engineers in Vietnam. It also works closely with Siemens Gamesa, Envision, Goldwind, GE, Canadian Solar, and Sungrow, Longi among others to assist the Employers in meeting all warranty obligations with manufacturers.

IPC provides comprehensive EPC services for energy plants such as wind farm, solar, rooftop solar, waste-to-energy plant, water treatment plant and biomass electricity as the EPC Contractor. It boasts a total installed capacity of 1.2GW, which includes a 650MWp solar farm - 50MWp solar rooftop - 700MW wind farm and nearly 200MW O&M. IPC focuses on projects with high technical characteristics, large-scale construction schedule owned by both domestic and foreign Employers. Moreover, IPC offers EPC services for full hydropower plants, including small (200kW - 10MW) and major (10-100MW). For coal-fired and LNG-fired thermal power plants, IPC provides BOP (Balance of Plant) and auxiliary system services.

Not only an EPC Contractor for energy facilities, IPC also provides EPC or BOP services for industrial plants in a variety of industries, including food, animal feed, wood processing factories, pharmaceutical products, and mechanical and electronic assembly plants, among others. Besides energy plants, IPC has a long history of substation and transmission line construction. A new record has been made for the construction of over 10km of 220kV transmission line in 8 weeks under harsh conditions and rugged terrain. Moreover, IPC offers O&M services including collective systems, substations, transformers, transmission lines, switchgears, equipment, machinery, fiber optic cables for SCADA systems, control systems, foundation poles, O&M facility, and infrastructure such as bridges, roads, so on.

Core Competency

O&M is critical to the energy plants, particularly wind power, as it is the foundation for ensuring the system’s continuous high-efficiency operation, minimizing potential risks during the operation process (particularly risks that may lead to downtime), and assisting in increasing the lifetime of equipment such as turbines, switchgears, transformers, and transmission lines. Recognizing the significance, IPC provides O&M services in all projects received. IPC ensures proper preventative, corrective, and condition-based maintenance through independent O&M projects. IPC delivers a thorough, precise assessment of a system’s potential profitability as well as O&M risks and costs for O&M service. The firm guarantees three functions; Rapid problem identification, Resolution minimization of downtime due to faults, as well as Comprehensive reporting and transparency. IPC has various areas of expertise to deliver the proper work, such as a team of Engineer professionals in Electricity, Mechanics, Automation, and Construction, a team of Officers and Assistants in various departments such as Business Development, Project Development, Bidding,Legal, Contract, Import & Export, Procurement, Construction workers: long-term, short-term with labor contracts and up to 10,000 mobilizable workers, and Project Manager and Site Manager in each project.

Overall Journey

Formally TSC M&E Engineering JSC, a professional M&E contractor in Vietnam, was acquired by IPC Group in 2016 to create IPC E&C, a professional contractor for energy and M&E projects. IPC Group is proud to be one of Vietnam’s largest construction organizations and EPC contractors, with nine member companies and branches throughout the country and abroad. The firm has undertaken projects for top employers in Vietnam, both domestic and foreign, including T&T Group, Adani, Ami Energy, Marubeni, UPC Renewables, RATCH Group, BRG Group, AC Energy, Vingroup, Samsung, and LG, Lotte. IPC has offices in Northern, Central, and Southern Vietnam to assure proper work on all projects. “With burgeoning capacity and experience, we now offer not only EPC services but also operation and maintenance (O&M). We have expanded our operations to include manufacturing structure, infrastructure construction, and completed MEP solutions for all types of factories, workshops, and urban areas. We are firmly establishing ourselves as Vietnam’s pioneering EPC Contractor for industrial facilities, energy plants, water treatment plants, infrastructure, and buildings", Tran Duc Trung, CEO concludes.

Awards & Recognition

• Ranked 82nd in the 'Top 500 largest private enterprises in Vietnam'

• Received 'Top 10 Wind and Solar Enterprises with the Technology Equipment and Service in Vietnam' award

Development Milestones

• 2000: Established IPC Company Limited

• 2004: Established IPC Steel Structure Factory

• 2014: Main contractor of the first rooftop solar power system in Northern Vietnam

• 2018: Contractor of Solar Power Plant Project for the first time

• 2019: Contractor for operation & maintnance (O&M) of Solar Power Plant Project

• September 2020: EPC Contractor up to 600MW installed capacity of renewable energy

• 2021: EPC Contractor reached 1GW of renewable energy

• 2022: EPC Contractor reaches 1.2GW of renewable energy With the above achievements, IPC Group was nominated by Asian outlook magazine as Company Of The Year 2022 for EPC projects.