T&T Group senior leader holds the position of Vice Chairman of Vietnam Energy Association

On March 19, in Hanoi, the Vietnam Energy Association (VEA) awarded the decision to appoint Ms. Nguyen Thi Thanh Binh, Deputy General Director (DGM) of T&T Group, Chairwoman of T&T Energy Group Joint Stock Company (T&T Energy) as Vice President of the Association.

Vietnam Energy Association will represent the interests of businesses.

Speaking at the appointment ceremony, the new Vice President of the Vietnam Energy Association, Nguyen Thi Thanh Binh, affirmed that the Vietnam Energy Association is a long-standing, large-scale and prestigious industry association in Vietnam. Over the years, the Vietnam Energy Association has made many contributions to the development of the Vietnamese Energy industry; especially in the new context when energy is increasingly becoming an important sector of the country. With the trust and confidence of the Association, in her new position - Vice President of the Vietnam Energy Association, she will have the opportunity to contribute more to the development of the Vietnamese Energy industry in general and the development of the Vietnam Energy Association in particular. This is an honor, and at the same time a great responsibility to all members, especially in the context that the energy industry is facing many new opportunities and challenges as well as many bottlenecks of projects invested in the previous phase that have not been cleared and removed.

Leaders of Vietnam Energy Association awarded the decision to appoint Ms. Nguyen Thi Thanh Binh, Deputy General Director of T&T Group, Chairman of T&T Energy, as Vice President of the Association.

According to Ms. Nguyen Thi Thanh Binh, from a personal perspective, in her role as Deputy General Director of T&T Group, President of T&T Energy Company, and Vice President of the Vietnam Energy Association, she hopes to make practical contributions to the realization of the Association's orientations and plans; contributing to the further development of the Vietnam Energy Association, becoming a prestigious organization for government agencies, businesses or international partners in need of advice on energy development policies or orientations.

At the appointment ceremony for the new position, the new Vice President of the Association, Nguyen Thi Thanh Binh, also gave some orientations and action plans in the coming time to build and develop the Association around key issues such as consulting, criticism and policy making activities; promoting the development of cooperative relations with international and domestic organizations to learn, share experiences, and seek support from international and domestic organizations; expanding and developing membership; accompanying and acting as a bridge between businesses and state management agencies...

“Currently , the energy sector is facing existing difficulties. And when members like T&T Energy - a business directly involved in investing and operating energy projects - join the Association, we directly understand the difficulties of businesses, and will have practical suggestions and contributions to the Association. We hope that the Vietnam Energy Association will become a destination for energy businesses, so that when businesses encounter difficulties or want to propose policy development, they can come to the Association. The Vietnam Energy Association will accompany businesses, representing the interests of businesses,” said the Chairman of T&T Energy.

Leaders of Vietnam Energy Association presented the Decision on admission of Association members to representative of T&T Energy Group (T&T Energy)

According to Mr. Nguyen Anh Tuan, Vice President (First) of the Vietnam Energy Association, the energy industry is currently facing many changes, especially the issue of energy transition, creating opportunities for many new clean and green energy sources, but at the same time there are many challenges because everything is still in the beginning stages, having to find a way to go. In the past, T&T Group has made many contributions to the Association in particular and the national energy industry in general. T&T Energy becoming a member of the Vietnam Energy Association and the appointment of the President of T&T Energy as Vice President of the Association will contribute to promoting the effective and quality development and enhancing the reputation of the Association in the coming time.

T&T Group and cross-border energy investment strategy

Also at the event, the Deputy General Director of T&T Group said that to realize the goal of becoming the leading energy developer in Vietnam, T&T Group has established T&T Energy Group (T&T Energy).

Up to now, Mr. Hien's group has invested in a total capacity of 2,800 MW; including completing and putting into operation 10 wind and solar power plants in the provinces of Ninh Thuan, Binh Thuan, Soc Trang, Gia Lai, etc., with a total installed capacity and connection to the national grid reaching nearly 1,000 MW. In addition, T&T Group, together with a consortium of Korean investors, is currently investing in the LNG Power Center Phase 1 project in Quang Tri with a total capacity of 1,500 MW, investment capital of about 2.3 billion USD, expected to operate in 2029.

In addition, T&T Group is continuing to develop and invest in many renewable energy projects, low-carbon emission projects such as solar power, onshore and offshore wind power, biomass power, LNG power, converting raw materials from coal-fired thermal power plants to LNG, battery energy storage system (BESS) manufacturing plants, researching new types of energy such as hydrogen, ammonia... to supply electricity to the national grid, sell electricity to FDI enterprises under the direct power purchase mechanism DPPA, provide energy storage solutions for renewable energy plants, provide green electricity to produce green hydrogen, many projects have been approved in the Plan to implement the VIII Power Plan and are continuing to be added to the adjusted VIII Power Plan. T&T Group is preparing the necessary conditions to deploy investment in construction and put projects into operation in the 2026-2030 period.

By 2035, the total capacity of T&T Group's power sources will reach 16 GW - 18 GW, accounting for about 10% of the total capacity of Vietnam's power system and becoming the leading provider of energy storage solutions (BESS) in Vietnam.

To implement the projects, Mr. Hien's group has cooperated with many of the world's leading partners in the energy sector such as: Hanwha, Kogas, Kospo, SK E&S (Korea); eRex, Marubeni, Sojittz, JPower (Japan); Cospower, Gedi, Goldwind (China), BP, (UK), Vinacom (Laos)... In particular, Standard Charted Bank has committed a 6 billion USD financing package for T&T Group's green energy projects.

T&T Group is continuing to develop and invest in many renewable energy projects at home and abroad.

In early January 2025, within the framework of the Vietnam - Laos Investment Cooperation Conference, witnessed by Prime Minister Pham Minh Chinh and Prime Minister Sonexay Siphandone, the Lao Ministry of Planning and Investment, on behalf of the Government of the Lao People's Democratic Republic, awarded the concession contract ("Concession Agreement") for the Savan 1 wind power project to Savan 1 Wind Power Company Limited (a member unit of T&T Group).

Accordingly, T&T Group and its partners have invested in the Savan 1 wind power plant project in Savanakhet province (Laos) with a total installed capacity of up to 495 MW and a total investment of about 768 million USD to sell electricity to Vietnam according to the electricity import policy approved by the Government. According to the plan, phase 1 of the project has an installed capacity of 300 MW, a total investment of more than 490 million USD and will be put into commercial operation by the end of 2025.

Leaders of the Lao Ministry of Planning and Investment awarded the concession contract for the Savan 1 wind power project to Mr. Nguyen Thai Ha, General Director of Savan 1 Wind Power Company Limited (second from left). (Photo: Nhat Bac/VGP)

According to Ms. Nguyen Thi Thanh Binh, Chairman of T&T Energy, the investment in Savan 1 Wind Power Plant and the connection with the national transmission grid are of great significance, contributing to increasing the power supply for the national power system, gradually realizing the cooperation commitment between Vietnam and Laos as well as in line with the electricity import orientation in the National Power Development Plan approved by the Prime Minister in Decision No. 500/QD-TTg dated May 15, 2023.

“The project is an important milestone, marking the beginning of T&T Group's "cross-border" energy investment strategy,” emphasized T&T Group Deputy General Director Nguyen Thi Thanh Binh.

Savan 1 wind power plant will be the largest onshore wind power project that Mr. Hien's enterprise has invested in so far, contributing to expanding T&T Group's investment portfolio to realize the goal that by 2035, the total power generation capacity of renewable energy and low-carbon emission power plants is expected to reach about 12-15 GW, accounting for about 10% of the total installed capacity of Vietnam's power system.

Established under Decision No. 38/2004/QD-BNV dated May 21, 2004 of the Ministry of Home Affairs, after more than two decades of formation and development, the Vietnam Energy Association has always demonstrated its important role as a social-professional organization, with an independent critical voice, contributing to the cause of national energy development. The Vietnam Energy Association is also a bridge connecting individuals and organizations operating in the energy sector with state management agencies, international organizations and enterprises.

From an organization with about 200 members when it was established, the Vietnam Energy Association now has over 370 members, including corporations, state-owned corporations, private enterprises and foreign organizations operating in the energy sector such as EVN, PVN, Vietnam National Coal and Mineral Industries Group, etc.