On the afternoon of January 30, in Ho Chi Minh City, Power Engineering Consulting Joint Stock Company 2 (PECC2) held its 2025 Year-End Review Conference and Deployment of Tasks for 2026. The conference was attended by Mr. Dang Hoang An, Secretary of the Party Committee and Chairman of the Board of Directors of Vietnam Electricity (EVN); Mr. Nguyen Tai Anh, Vice President of EVN; and representatives of EVN’s specialized departments.

Mr. Dang Hoang An - Secretary of Party Committee and Chairman of EVN Board of Directors, providing directive speech at conference

The year 2025 marked a significant milestone for PECC2, as the company simultaneously streamlined its organizational structure, restructured its governance and management system, and continued to grow while expanding its operational scale across multiple sectors. Despite widespread market challenges, PECC2 completed and surpassed its key targets, achieving consolidated revenue at 101% of the plan and profit before tax at 165% of the plan, thereby reaffirming its stable and sustainable development.

The consulting sector continued to serve as the company’s core pillar, with PECC2 signing numerous high-value consulting contracts and participating in the completion of a series of major power generation and transmission projects nationwide. Many hallmark projects bearing PECC2’s imprint contributed to celebrating important national political events, including the national grid power supply project for Con Dao Special Administrative Area, as well as strategic 500kV transmission line projects implemented under EVN’s direction.

PECC2 continued to be entrusted as the consulting unit for pre-feasibility and feasibility study reports for many large-scale power projects, both within and beyond EVN. Notably, in the nuclear power sector, PECC2 proactively conducted research and prepared resources, demonstrating readiness to participate in future projects.

The year 2025 also witnessed a major breakthrough for PECC2 in the international market, highlighted by the successful signing of contracts in Laos. Building on these achievements, PECC2 officially relocated its overseas representative office to Laos and established PESE Laos One Member Limited Liability Company in Vientiane, laying a solid foundation for its regional market expansion strategy.

Mr. Dang Hoang An, Chairman of EVN Board of Directors, presenting EVN Flag of Outstanding Unit to PECC2

In the business sector, key pillars such as EPC (Engineering - Procurement - Construction), O&M (Operations & Maintenance), and manufacturing continued to deliver outstanding results. The year 2025 marked an important milestone when the Hau Giang Biomass Power Plant -the first biomass project in which PECC2 undertook the full role of EPC general contractor - officially commenced commercial operation. In addition, PECC2 signed and implemented several other major EPC contracts, including O Mon IV Thermal Power Plant, Yen Bai 1 and Tuyen Quang biomass power projects, and Tan Thuan Wind Power Project - Phase 3, affirming its capability to deliver large-scale and diversified energy projects.

In the Operations and Maintenance (O&M) field, PESE, PECC2’s core subsidiary, continued to maintain its leading position in the domestic market, managing a portfolio of 48 power plants with availability factors ranging from 99.7% to 100%. Notably, the successful signing of O&M contracts for the Monsoon Wind Power Project (600MW) and Savan 1 Wind Power Project (300MW) in Laos opened new growth opportunities for this service segment in the international market.

Alongside production and business activities, PECC2’s investment operations continued to perform effectively, with seven projects across solar power, wind power, hydropower, and biomass, increasing PECC2’s total net installed capacity to 58.7MW, clearly reflecting its renewable energy development orientation and its contribution to strengthening the company’s value chain.

Building on the results achieved in 2025 and the portfolio of ongoing projects and contracts across its core business areas, PECC2 has set a consolidated revenue target of VND 2,700 billion for 2026. This target is based on continued expansion in both domestic and international markets, accelerated implementation of high-value consulting, EPC, and O&M contracts, and further optimization of production and business efficiency.

Translator: Thu Hường