During this visit, Power Generation Corporation 2 and CSGI-HK signed a Memorandum of Understanding (MoU) to continue exchanging and cooperating in research and investment in pumped-storage hydropower at EVNGENCO2's hydropower plants in Vietnam.
Leaders of EVNGENCO 2 and CSGI signing Memorandum of Understanding on cooperation in research and investment in pumped-storage hydropower
During the working days, both units had in-depth seminars on experience in managing and operating pumped-storage hydropower plants; experience in investment management of pumped-storage hydropower projects; experience in the mechanism that CSGI is applying for the implementation of pumped-storage hydropower investment in China, etc.
The delegation of EVNGENCO 2 also visited and exchanged experiences at Shenzhen (1,200MW) and Hainan (600MW) Pumped-storage Hydropower Plants.
In its growth strategy, EVNGENCO2 has determined to focus on four key areas: Modernizing enterprise governance according to international standards and public companies; Thoroughly applying digital transformation and scientific and technological achievements to the entire production and business process; Green transformation; Constructing EVNGENCO2 to an environmentally friendly and socially responsible unit. In which, green transformation is investing in building environmentally friendly renewable energy projects. In particular, pumped-storage hydropower is the type that EVNGENCO2 is interested in developing to contribute to reducing emissions according to the Vietnamese Government's target of net-zero emissions by 2050.