- CEO
- Thanh Van Nguyen
- Full Time Employees
- 218
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Quy Nhon Vietnam
- IPO Date
- Jul 18, 2006
- Business
- Vinh Son - Song Hinh Hydropower Joint Stock Company is a Vietnam-based power generation company primarily engaged in the production, transmission, and wholesale distribution of hydroelectric energy. Established in 1994, equitized as a joint stock enterprise in 2005, and headquartered in Quy Nhon City, Binh Dinh Province, the company operates as an electric utility subsidiary of Refrigeration Electrical Engineering Corporation (REE Corporation), with substantial shareholding from Power Generation Corporation 3 (EVNGENCO3). The company directs its operations across the Central Coastal and Central Highlands regions of Vietnam, delivering electricity to the national grid operator, Vietnam Electricity (EVN), and participating in the Vietnam Wholesale Electricity Market (VWEM).
The company's core products and operational services encompass the generation and wholesale supply of hydroelectricity through a diversified portfolio of utility-scale facilities; including the 66-megawatt Vinh Son Hydropower Plant situated across Binh Dinh and Gia Lai provinces; the 70-megawatt Song Hinh Hydropower Plant in Phu Yen province; and the 220-megawatt Thuong Kon Tum Hydropower Plant located across Kon Tum and Quang Ngai provinces; the provision of specialized plant operation, maintenance, overhaul, and testing services for hydroelectric turbines, generators, step-up transformers, substations, and transmission networks; technical consulting, survey design, project management, and construction supervision services for hydro-energy and water conservancy projects; the construction and installation of hydraulic, civil, industrial, and electrical infrastructure; and the auxiliary commercial management of water reservoir resources, irrigation control, aquaculture, and reservoir-based eco-tourism activities.
In recent developments, Vinh Son - Song Hinh Hydropower Joint Stock Company has consolidated its operational scale and expanded its overall generating capacity to 356 megawatts following the full commercial ramp-up and output optimization of the Thuong Kon Tum Hydropower Project. Over the past two years, the company has executed aggressive financial restructuring programs, prepaying substantial portions of long-term project debt to mitigate interest rate exposure, lower financial expenses, and strengthen its balance sheet. Operationally, the company has integrated advanced digital supervisory control and data acquisition (SCADA) systems, automated dam safety monitoring technologies, and enhanced hydrological forecasting platforms across its reservoir network to optimize dispatch schedules, maximize water utilization efficiency, and increase revenue capture in the competitive power market. Additionally, the company continues to evaluate strategic expansion initiatives within its parent group's renewable energy ecosystem, including potential hybrid floating solar photovoltaic systems and capacity enhancements at existing reservoir sites.