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Climate Change

Vietnam hydropower company takes investment from Japan's TEPCO

Ho Chi Minh exchange-listed Vietnam Power Development now 25%-owned by Tokyo utility

Vietnam Power Development operates the Khe Bo hydropower plant in northern Vietnam, shown here. (Photo courtesy of TEPCO Renewable Power)

TOKYO -- A subsidiary of Tokyo Electric Power Co. Holdings has invested 4.6 billion yen ($34.6 million) in a Vietnamese operator of hydroelectric power plants.

TEPCO Renewable Power now owns a nearly 25% stake in Ho Chi Minh Stock Exchange-listed Vietnam Power Development, the Japanese company announced Thursday. The transaction was completed Tuesday.

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