C47, Vu Phong Energy Group and STEAG will cooperate to provide consulting services for win projects development and implementation, bases on promoting and combining their own strengths.

Afternoon of 15 December, Construction Joint Stock Company 47, Vu Phong Energy Group Joint Stock Company and STEAG Energy Services GmbH (Germany) signed MoU to provide the consulting services for win power project development and implementation in Vietnam.

The Signing ceremony took place in the background that Vietnam is actively promoting the structural transformation of the energy industry and carry out the commitments on greenhouse gas emissions cutoff, aim the goal of net zero emissions by 2050.

Wind power market is at an early stage of development, with great growth potential and wind power is considered to be one of the important cores of Vietnam’s energy system in the future.

According to the signed agreement, C47, Vu Phong Energy Group and STEAG will cooperate to provide consulting services for win project development and implementation, on the basis of the promotion and combination of their own strengths.

Accordingly, STEAG brings in expertise of a world-leading unit in technical and consulting services for wind project development to the investors, with its strong international experience, especially in Europe and Asia. STEAG also owns a modern technology platform with smart digital solutions for wind power industry.

C47 has strong capacity in the construction sector, which implemented many large-scale irrigation and hydropower projects, national-key projects. C47 was also a main contractor for Bac Ai pumped-storage hydropower project with capacity of 1,200 MW – the first pumped-storage hydropower project in Vietnam and the largest one in Southeast Asia up to now

Vu Phong Energy Group has specialized and experienced, and well-known on Vietnam renewable energy market, which being trusted and appreciated by many investors in the role of EPC general contractor as well as provide Operation and Maintenance Services for renewable energy plants and researching and manufacturing equipment for serving the industry such as solar panel cleaning Robot. Vu Phong Energy Group gained many awards on the energy industry such as The Solar Future Awards 2021 and The Asian Power Awards 2021 – as the Oscars of power industry in Asia and is the only representative of Vietnam received this award.

Besides the goal of joint provision of consulting services for wind project development and implementation in Vietnam, supporting the clients throughout the project development process, C47 – Vu Phong – STEAG partnership also aims to partly invest the wind power projects in Vietnam.

Mr. Pham Nam Phong, Chairman of C47 and Chairman of Vu Phong Energy Group, speaking at the Signing ceremony that three parties will bring a lot of value to Vietnam’s wind power market, accompanying wind power investors to join hands making high-quality clean energy projects. This contributes to the sustainable development of the energy industry and to the process of energy transition, reducing greenhouse gas emissions globally, as Vietnam and other countries have pledged at the COP26.

STEAG also hopes for the future of Vietnam’s wind power industry and believes that C47 – Vu Phong – STEAG partnership will contribute positively to the industry development, providing in-depth consulting, high-quality technical services, solutions and valuable experiences, etc. the best support for wind power clients in Vietnam.

Previously, in early 2021, Vu Phong and STEAG had signed an joint cooperation agreement to provide asset management services (Asset Management) to help optimize the production potential of wind power plants and maximize assets value and profits to the clients.

On November 25, 2021, at Hai Au Bien Cuong Hotel, No.8 Bien Cuong str., Quy Nhon city, Binh Dinh province, is taking place the MOU signing ceremony to cooperate for providing clean drinking water stations and other greenhouse gas emission reduction projects among Construction Joint Stock Company 47 (C47), Vu Phong Energy Group JSC and Investment and Trading Consulting Company Limited (INTRACO).

The Signing Ceremony attending by Mr. Tran Van Minh, Vice Director of Binh Dinh Rural Clean Water and Environmental Sanitation Center under Binh Dinh Department of Agriculture and Rural Development; Mr. Bui Xuan Hoa – Vice Director of BIDV Binh Dinh; Mr. Pham Nam Phong – Chairman of C47 and Chairman of Vu Phong Energy Group; Mr. Duong Minh Quang – BOD Member and General Director of C47; Mr. Nguyen Quang Tri – CEO of Vu Phong Energy Group; Mr. Hoang Anh Dung – Director of INTRACO and leaders of three companies and partners.

At the Ceremony, representatives of three companies signed memorandum of understanding for establishment of a joint venture to product, construct, install and operate water purification stations providing hygienic drinking water in order to improve community health. The project goal is to build and install about 1,000 water purification stations per year in nation-wide provinces and cities, each with capacity of 2,000 liters per hour, so that many people, especially poor, near-poor and preferential treatment households have access to hygienic drinking water. After that, the project can expand to afforestation and marine ecosystem protection.

Mr. Pham Nam Phong – Chairman of C47 mentioned at the Signing Ceremony, that C47 is a leading company on the construction of irrigation and hydroelectric projects. Therefore, the water security and the clean water story for sustainable development are much appropriate to C47 and bringing the community value. Through the project, we want to help people all over the country, especially in Binh Dinh province could access to clean water sources, contribute to improve the living environment and people health. At the same time, join hands with the government for realization of sustainable development goals, especially goals on water resources – water security.

The tripartite cooperation among C47 – Vu Phong Energy Group – INTRACO has the meaning of marking an important milestone to build an ecosystem of businesses with practical projects for benefit of the community, contributing to the realization of the Sustainable Development Goals, especially the Goals on water resources – water security. This project is also a joint effort towards the greenhouse gas emissions reduction goal – following the spirit of the Prime Minister’s commitment at COP26 to Zero Emissions by 2050.

*/ Some pictures at the Ceremony:

Towards the sustainable development goal, on November 25, 2021, Construction Joint Stock Company 47 (C47) will cooperate with Vu Phong Energy Group JSC and Investment and Trading Consultancy Company Limited (INTRACO) in the program “Providing the hygienic drinking-water stations and other greenhouse gas emission reduction programs” (such as afforestation and protection of marine ecosystems).

We all know that WATER is an essential component of life and the environment, and at the same time a core factor in sustainable development, especially in a country with agricultural strength like Vietnam. Among the 17 Sustainable Development Goals (SDGs) adopted by the United Nations to eradicate poverty, protect the environment and the Earth’s climate, ensure that people everywhere can enjoy peace and prosperity. There are many Goals related to WATER resources, such as Goals 1, 3, 5, 6, 8, 13, 15.

Hence, the tripartite cooperation among Construction Joint Stock Company 47 and Vu Phong Energy Group JSC and INTRACO is significant to mark an important milestone to build an ecosystem of businesses with the practical projects contribute to the realization of the Sustainable Development Goals, especially those on water resources – water security. Next time, the project has the goal of providing 1,000 hygienic drinking-water stations per year with a capacity of 2,000 liters/hour throughout the nation-wide provinces and cities, and then can expand to the afforestation, protection of marine ecosystem field. This program is also a joint effort towards the goal of greenhouse gas emissions reduction – in the spirit of the Prime Minister’s commitment at COP26 to Zero Emissions by 2050.

The cooperation signing ceremony with specific information about the project will be livestreamed on the fanpages of 3 companies at 3:30 p.m. on November 25, 2021. We would like to invite all of you who are interested in the environment and sustainable development goals, especially water resources, to follow us!