PV Power Outlines 2026 Growth Strategy and Energy Security Plans
PV Power, a subsidiary of Petrovietnam, has outlined its 2026 growth strategy focusing on energy security and efficiency in gas and LNG power generation. The company aims to enhance its LNG capacity and advance renewable energy projects while seeking support for investment and financing from Petrovietnam, despite facing challenges related to financial and regulatory issues.
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PV Power, a subsidiary of Petrovietnam, is focusing on energy security and business efficiency while developing gas and LNG power generation. As of January 2026, PV Power generated approximately 2.06 billion kWh, exceeding its monthly target.
The company aims to maintain its position as a key electricity supplier and enhance LNG capacity, while advancing renewable energy projects and key investments. PV Power is seeking support from Petrovietnam for investment decision-making and financing for large projects.
Challenges include financial and regulatory issues affecting large-scale electricity projects. The company is adjusting its strategy to increase foundational electricity generation while ensuring national energy security.
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