This afternoon June 30th, 2016, in Ho Chi Minh city, Thanh Thanh Cong Investment JSC (Nucleus of TTC Group), G...
This afternoon June 30th, 2016, in Ho Chi Minh city, Thanh Thanh Cong Investment JSC (Nucleus of TTC Group), Gia Lai Electricity JSC (GEC) with International Finance Corporation (IFC) and Armstrong Renewable Energy Capital (Singapore) officially sign the strategic partnership. This is the first energy project of two these international organizations in Vietnam, in strategic orientation of players in order to widen investment portfolio in hydroelectricity, enhancing activities in line with international standard, create renewable energy development basis such as: wind power, solar power.
Accordingly, GEC continually widens, invests to upgrade turbines and developed control system for the power plan. Thereby, enhancing power productivity, meet the demand of consumers and transmit to national electricity net. Moreover, GEC’s strategy is to aware hydroelectricity projects that are existed by state-own group due to it is not their main segments.
Energy is an industry that is necessary for Vietnam economy in intergration process. Therefore, besides investing on hydroelectricity, GEC has a plan to invest on renewable segment, especially solar power, wind power. With the strategic vision in 2016 – 2020, GEC continually invest more capital on renewable energy and have experiment of wind and solar power model on some potential places.
Source: Tin Nhanh Chung Khoan