Vietnam hydropower company takes investment from Japan's TEPCO

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

20221223 Vietnam hydropower

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

RYO MUKANO, Nikkei staff writer

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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