PTSC and HDF Energy sign a memorandum of understanding for the development of Renewstable® and Hypower® power plants

On December 20, 2022, at the City Hall of Bordeaux, France, in the presence of Mr. Patrick Seguin, President of the Bordeaux Chamber of Commerce and Industry, and other key leaders of the two parties, PetroVietnam Technical Services Corporation (PTSC) signed a memorandum of understanding (MoU) with Hydrogene de France SA (HDF Energy) to develop power plant projects utilising renewable energy (Renewstable®) and hydropower (Hypower®) sources in Vietnam and Asia Pacific region.

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The signing of this MoU is the basis for the two companies to implement next steps in programming the Renewstable® and Hypower® power plants, boosting the production of renewable, stable and dispatchable power supply to fill the shortage gap of green electricity demand of Vietnam in the coming years. In addition, PTSC and HDF Energy are aiming to extend this collaborative business model to the Asia Pacific region.

The MoU reinforces the two companies’ sustainable business strategies toward renewable energy and reaffirms our commitments and support for the decarbonization and net-zero targets of each government of Vietnam and France.

PTSC is currently making a significant transition toward offshore renewable energy sector, with a focus on offshore wind power. PTSC sees the benefits of cooperation agreements in the growth of renewable energy and hydrogen-based power plants, applying efficient hydrogen production, storage, and transportation solutions and technologies, as a complementary business strategy to support the offshore wind power projects that PTSC is pursuing.  

About Hydrogène de France SA:

Hydrogene de France SA (HDF Energy), headquartered in France, is a global pioneer in developing and operating high capacity large -scale Renewstable® (POWER TO POWER) and Hypower® (GAS TO POWER) power plant projects in numerous countries on five continents. HDF Energy has also developed a unique expertise in the design, manufacturing and industrialization of multi-megawatt fuel cells (+MW).

Bùi Thị My