On November 24, 2025, during the Conference on Investment Promotion in Science, Technology, Innovation, and Digital Transformation of Quang Ninh Province, Stavian Industrial Power Distribution Joint Stock Company (Stavian IPD) signed a Memorandum of Understanding on Investment Cooperation with Shinec Joint Stock Company on the development of renewable energy facilities, rooftop solar power systems, power grid infrastructure, as well as power management and distribution within the East Dam Ha B Industrial Cluster (IC) in Quang Ninh Province under the witness of Mr. Bui Van Khang – Chairman of the Quang Ninh Provincial People’s Committee, together with representatives from provincial departments and agencies.
Under the MoU, Stavian IPD – a member of Stavian Group – will invest in a 30MWp floating solar power plant and rooftop solar systems to provide stable, sustainable, and green energy for the entire East Dam Ha B IC developed by Shinec. The total investment for all components is estimated at VND 600 billion, fully funded and implemented by Stavian IPD. Meanwhile, Shinec Group, the infrastructure developer of the industrial cluster will coordinate closely with Stavian IPD to ensure synchronized construction progress across all electrical infrastructure items, meeting the power requirements of secondary investors within the cluster. As the local regulatory authority, the Quang Ninh Provincial People’s Committee will facilitate project implementation, guide and supervise all parties involved to ensure strict compliance with Vietnamese law.
The project aims to establish an integrated green power supply model that encompasses power generation, transmission, distribution and medium-voltage grid management throughout the industrial area, ensuring consistency, safety and energy efficiency in accordance with the approved power infrastructure plan and sustainable industrial development standards.
This MoU marks an important milestone in Stavian IPD’s strategy to develop green industrial infrastructure, accelerating the adoption of clean energy in manufacturing and operational management. Upon completion, the project will contribute to increasing the share of renewable energy in Quang Ninh, reducing greenhouse gas emissions, and establishing a sustainable power foundation to attract foreign direct investment (FDI) and environmentally responsible industrial enterprises to the Dam Ha region.
