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Hòa Phát has invested nearly VND 650 billion to establish a power generation company in which it holds a 99.9% stake. It also invested in a wind and solar power company in June. The group has yet to announce an overall renewable energy strategy.
EVNGENCO2 generated 14.59472 billion kWh in the first 10 months of 2026, meeting its plan for the period. An EPC contract has been signed for the Ô Môn I power plant’s fuel conversion project, two wind projects are under construction, and the Ka Nak floating solar project is in the survey and feasibility study stage. The company has also set its November generation plan and is preparing fuel supplies.
