(HBO) – A joint venture project to implement "a green hydro power ship” in Hoa Binh province between Vietnam and the Republic of Korea (RoK) has been signed in Hanoi, with representatives of the RoK Government and relevant agencies of Vietnam in attendance.


The signing ceremony between the two power companies of Vietnam and the RoK

The floating power production project is to provide environmentally-friendly energy using new technology. Under the agreement on the project, the joint venture company will invest nearly 50 million USD to install 20 sets of the floating power generation system with a total capacity of 20 MV.

The company will ask for permission from authorities of Hoa Binh province and relevant Vietnamese agencies conduct surveys and carry out the project in the lower part of the Hoa Binh hydro power plant stretching to areas contiguous to Phu Tho province and Hanoi. Once launched in early 2018, the company will complete the installation of first horizontal turbines a capacity of 1 MV for the floating power generation system and begin generating electricity on the occasion of the National Day (September 2).



Directors of the two green power companies hand over the signed documents to each other, as witnessed by participants.

According to specialised agencies’ assessments, hydro power using the floating power generation system is more efficient than the traditional method due to the river’s flow will not be changed, opening up opportunities to maximise huge water resources of Vietnam’s river systems. It is also in line with the Party and State’s policy on clean and sustainable electricity development. 

The green power joint venture also holds a great importance on the occasion of the 25th anniversary of Vietnam-RoK diplomatic relations, and affirmed efforts of the two countries’ businesses in a series of event celebrating the APEC Economic Leaders’ Week in Vietnam

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