PV Power reports significant electricity output growth in Vietnam

PV Power, a subsidiary of PETROVIETNAM, reported a substantial increase in electricity output for the first nine months of 2026. The company’s output reached an estimated 18,954 billion kWh, representing a 19% increase over the same period last year and a 41% increase compared to the first nine months of 2025.

This growth occurred despite declining domestic gas supplies and volatile fuel markets. Key contributors to the output include the Vung Ang 1 plant, which exceeded its nine-month plan by 25%, and the Nhon Trach plants. Specifically, Nhon Trach 1 exceeded its plan by 79%, while Nhon Trach 2 exceeded its plan by 50%.

The company attributed these results to improved technical management, proactive fuel sourcing, and accelerated maintenance schedules. By completing repairs ahead of schedule at facilities such as Ca Mau 1 and 2, as well as Dakdrinh Hydropower, PV Power increased the availability of its units to meet national demand.