MHPS Signs MOU with EVNGENCO 3 to Provide O&M Support for Power Plants in Vietnam

･ Agreement to enhance the capabilities of operations personnel and maintenance engineers, and improve the performance of boilers and other power generation equipment
･ Aim to maximize the earnings of the O&M support client, and support the development of Vietnam’s power generation industry

YOKOHAMA, JAPAN (January 17, 2020) - Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has signed a Memorandum of Understanding (MOU) with Power Generation Joint Stock Corporation 3 (EVNGENCO 3), a power company in Vietnam, to provide operations and maintenance (O&M) support for its power stations, as well as training to boost the technical skills of engineers. The agreement was signed on January 12 in Vietnam.

A ceremony was held in Hoi An (Quang Nam Province), a port city in central Vietnam, with the MOU concluded in the neighboring city of Da Nang. Vietnam Prime Minister Nguyen Xuan Phuc attended the event, with the MOU signed by Dinh Quoc Lam, Chairman of Board, General Director of EVNGENCO 3, and Ken Kawai, MHPS President and CEO.

EVNGENCO 3, one of the power generation subsidiaries of Vietnam Electricity (EVN), was established in 2012. It operates a power generation business with capacity of approximately 6.4 gigawatts (GW), accounting for 12% of total generating capacity in Vietnam. MHPS has previously supplied equipment for the company’s Phu My 1 combined cycle gas turbine Power Plant.

Based on the MOU, MHPS will provide training to develop and strengthen the capabilities of Vietnamese operations and maintenance personnel, along with assistance to enhance the performance of boilers and other power generation equipment. The aim is to provide solutions for the power stations, as well as to enhance their sustainability, reliability, and efficiency in order to maximize EVNGENCO 3’s earnings, making a significant contribution to the development of Vietnam’s electric power industry.

Dinh Quoc Lam, Chairman of Board, General Director of EVNGENCO 3 said: “the MOU has extended the good relationship between EVNGENCO 3 and MHPS. We will coordinate to study and develop new technologies in Power Plant’s operation and maintenance.”

Ken Kawai, MHPS President and CEO said: “It is our pleasure EVNGENCO3 and MHPS could sign the MOU today. Basing on this MOU,　EVNGENCO3 and MHPS will build the long-term and strategic partnership. We, strongly hope to contribute the power generation in Vietnam through this MOU and our technology.”

MHPS, bolstered by the conclusion of this MOU with EVNGENCO 3, will continue to support the stable power supply that is essential to Vietnam’s economic growth, as well as contribute to the conservation of the global environment with carbon-free and low-carbon energy.