Vietnam - China Power Investment Co., Ltd was established in October 2006 as a cooperation project between Northern Electricity Corporation of Vietnam (51% stake) and Yunnan Power Grid Company of China (49% stake, now transferred to Yunnan Southern Power Grid International Co., Ltd of China). Combining the strength of two prestigious power firms of Vietnam and China, the company has achieved impressive results in construction and operation of Seo Chong Ho Hydropower Plant in Sa Pa town, Lao Cai province.
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The plant, comprising two turbines with installed capacity of 21.7MW, has a designed power output of 99,420 million KWh of electricity a year. It works 4,519 hours a year. This hydroelectric project has the highest water column in Southeast Asia with pelton turbines, horizontal shafts and special steel pipes. Seo Chong Ho Hydropower Plant was considered the most challenging among small and medium hydropower projects in Vietnam by Vietnamese and foreign industry developers and experts.
The project, kicked off in 2008, received valuable support of Vietnamese and Chinese agencies and the close cooperation of its partners. Vietnam - China Power Investment Co., Ltd overcame hardships to assert its role as a responsible and dynamic investor. Thus, barriers resulting from differences in construction investment regulations of Vietnam and China, complex terrain, severe weather and fluctuating prices of construction materials were addressed for the fastest implementation of the project.
On December 18, 2012, Seo Chong Ho Hydropower Plant was connected into the national power grid and added catalysts to local socioeconomic development. Since its operation till late 2020, its accumulated electricity output reached 841.6 million kWh; accumulated revenue totaled VND1,100 billion and its tax payment amounted to over VND200 billion. Not only completing its business tasks, Vietnam - China Power Investment Co., Ltd also always takes good care of employees’ livelihoods; organized meetings, exchanges and regular health check-ups; and actively participated in local social security activities.
After a period of operation, realizing that the excess water output could bring greater benefits, the company decided to scale up its capacity by 8 MW, costing VND112 billion. On March 31, 2020, Lao Cai Provincial People's Committee issued Document 1339/UBND-KT allowing the expansion of its investment in Seo Chong Ho Hydropower Plant. Currently, the company is quickly completing investment expansion procedures, allocating investment resources and preparing construction plans, scheduled to be started in the third quarter of 2021 and put into operation in June 2022.
Mr. Pham Do Tuy, General Director of Vietnam - China Power Investment Co., Ltd, said, promoting its achievements, with a desire to boost its presence, combining with the strength and potential of the Northern Power Corporation and Yunnan Southern Power Grid International Co., Ltd, the company aims to develop into one of the most reputable hydropower investment and construction companies in Vietnam and gradually diversify business lines.
Source: Vietnam Business Forum
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