Vietnam, China firms partner to develop pumped storage hydropower in Vietnam
Vietnam's Power Generation Corporation 2 (EVNGENCO2) and China's Lancang-Mekong International Company Limited (CSG-LMI) have signed an MoU on cooperation to develop pumped storage hydropower projects in Vietnam.
EVNGENCO2 is a subsidiary of Vietnam's state-owned utility EVN, while CSG-LMI is a member unit of China Southern Power Grid (CSG).
Vietnam's EVNGENCO2 and China's CSG-LMI sign an MoU on cooperation in Can Tho city, southern Vietnam, May 2025. Photo courtesy of EVNGENCO2.
The signing marks a new development in the cooperative relationship between EVNGENCO2 and CSG-LMI - the unit replacing CSGI-HK in cooperating with EVNGENCO2.
Pumped storage hydropower plants are facilities that produce electricity by storing water in an upper reservoir, then releasing it and running it through turbines at a lower level, thus generating electricity.
Tran Phu Thai, chairman of EVNGENCO2's board of directors. Photo courtesy of the company.
Speaking at the recent event, Tran Phu Thai, chairman of EVNGENCO2's board of directors, emphasized that the MoU is an important step for the Vietnamese company in its sustainable energy development strategy.
"It opens up opportunities for extensive cooperation between EVNGENCO2 and international partners with experience in pumped storage hydropower development," he said.
The MoU also opens up opportunities for active bilateral cooperation in the coming time in energy saving, improving the efficiency of power plants in line with EVNGENCO2's clean energy orientation, and ensuring safe and economical operation of its power plants, Thai added.
Gan Lin, chairman of CSG-LMI. Photo courtesy of EVNGENCO2.
In response, Gan Lin, chairman of CSG-LMI, expressed his confidence in the potential for cooperation between the two sides and is committed to closely coordinating to implementing projects efficiently.
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