General Information
FECON Power Joint Stock Company (FCP), established in 2016, is a wholly-owned subsidiary of FECON CORPORATION and FECON INVEST. Headquartered in Hanoi, Vietnam, the company specializes in managing and implementing investments within the power industry, with a strategic focus on renewable energy. Operating primarily in the Vietnamese market, FECON Power operates with a chartered capital of USD 15 million. The company’s established experience is demonstrated by the successful completion and operation of 80 MW in renewable energy assets, alongside a robust development pipeline of over six projects totaling approximately 730 MW. The company’s core operational philosophy centers on advancing sustainable power infrastructure and developing high-potential renewable energy projects across various regions of Vietnam.
Business Sector
FECON Power operates primarily in the renewable energy investment and project development sector. Its core business activities focus on the origination, investment, and complete lifecycle development of utility-scale solar energy and wind power infrastructure, encompassing both onshore and offshore wind farms. Furthermore, the company acts as a strategic local collaborator, providing specialized support and development services to international partners seeking to establish LNG-to-power and offshore wind power projects within the country.
Application
The company’s utility-scale developments and energy infrastructure solutions are applied directly to national power generation and grid supply. By developing extensive solar installations and wind energy infrastructure, FECON Power addresses the critical demand for clean, renewable electricity generation. These solutions are practically implemented in large-scale infrastructure projects such as expansive solar power plants, coastal onshore wind farms, and deep-water offshore wind energy zones. The generated power is structured to supply the national transmission grid through Power Purchase Agreements (PPAs) with EVN or via Corporate Direct Power Purchase Agreements (DPPAs).
Products
- Utility-Scale Solar Power Development: Full-scale investment and development of solar energy facilities, highlighted by the operational 50 MWp Vinh Hao 6 Solar Power Plant and pipeline projects including Vinh Hao 6.2 (110 MW) and Loc Tan 1 (39 MW).
- Onshore Wind Power Infrastructure: Execution and management of onshore wind energy projects, featuring the completed 30 MW Quoc Vinh Soc Trang Wind Power Plant and the pipeline An Thanh Gia Lai wind project (totaling 140 MW across two phases).
- Offshore Wind Power Development: Strategic development of large-scale offshore marine energy infrastructure, notably the planned 500 MW Ba Ria-Vung Tau offshore wind project.
- International Partnership Services: Specialized local support, site assessment, and project development services for international partners targeting LNG-to-power and offshore wind power investments in Vietnam.
