Gia Lai Electricity
- Company typePublic
- Founded1989
- HeadquartersHo Chi Minh City, Vietnam
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
Gia Lai Electricity firmographics
Firmographics- Name
- Gia Lai Electricity
- Legal name
- Công ty Cổ phần Điện Gia Lai
- Website
- https://geccom.vn
- Company type
- Public
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Gia Lai Electricity industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Electric Power Generation (22111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Hydroelectric Power Generation (221111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ)
- akta.pro secondary industries
- Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI), SCADA, Controls & Communications Integration (RTU, Fiber, Networking) (EUAEADAD), Distributed & Commercial Renewable O&M (Rooftop Solar, C&I Wind, Small Hydro) (EUAMAGAB), Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI)
Keywords
Where Gia Lai Electricity is headquartered
LocationHeadquarters
- HQ city
- Ho Chi Minh City
- HQ country
- Vietnam
- HQ region
- Asia
Offices3 records
Markets served
Gia Lai Electricity business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Electricity Generation and Sales: GEC generates and sells electricity from its portfolio of hydropower (13 plants, 81-90 MW), solar (06 plants, 309 MW), wind (05 plants, 260 MW), and rooftop solar (35 systems, 35 MW) plants to Vietnam's national grid under government-regulated Feed-in Tariffs or PPA arrangements. This is the core revenue stream.
- O&M and Asset Management Services: GEC provides comprehensive Operations & Maintenance (O&M) and asset management services for solar, wind, and hydropower plants owned by third parties. Services include monitoring, maintenance, reporting, and technical consulting. Revenue from external service customers reached 5.3 billion VND in 2023. The company has over 350 MWp of solar PV O&M experience.
- Electrical Testing and Technical Services: GEC provides electrical testing services (testing of electrical equipment per Decree 107/2016/ND-CP), inspection services for electrical devices (per Circular 33/2015/TT-BCT), and technical consulting including measurement, maintenance advisory, and technical reports. Revenue from technical services to external customers reached 5.3 billion VND in 2023.
- I-REC Certificate Sales: GEC offers I-REC (International Renewable Energy Certificate) certificates that allow organizations to claim renewable energy consumption as part of their Net Zero journey, covering the entire value chain from suppliers to end consumers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | Government-regulated electricity tariffs under MOIT/EVN framework |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Gia Lai Electricity product offering
Product offeringCore offering
Gia Lai Electricity Joint Stock Company (GEC) owns and operates a diversified portfolio of renewable energy power plants — including run-of-river hydropower, utility-scale solar, rooftop solar, and wind farms — primarily in Vietnam and Laos, selling generated electricity to the national grid under regulated Feed-in Tariffs and Power Purchase Agreements. Alongside generation, GEC sells standalone Operation & Maintenance (O&M), asset management, electrical testing, and technical services to third-party power plant owners, and trades International Renewable Energy Certificates (I-REC) to corporate buyers.
Product overview
GEC operates a multi-faceted renewable energy portfolio spanning three core power generation types: Hydropower (13 plants, 81 MW), Solar Power (6 plants, 309 MWp), and Wind Power (5 plants, 260 MW), complemented by 35 rooftop solar systems. The company provides integrated O&M services for solar and wind plants, electrical testing services, and technical engineering services for hydropower facilities. This platform-plus-services model enables GEC to offer comprehensive renewable energy solutions from development through operation, supported by a value chain covering project development, legal compliance, design, construction, and commercial operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Hydropower Generation (run-of-river) Generation of electricity from run-of-river hydropower plants in Vietnam, sold to the national grid and provincial power companies under PPAs.
- Utility-scale Solar Power Generation Generation of electricity from utility-scale solar farms in Vietnam and Laos, sold under PPAs to EVN and provincial utilities.
- Wind Power Generation Generation of electricity from wind farms in Vietnam; GEC ranks among the top three wind power owners in the country by installed capacity.
- Rooftop Solar Systems Distributed rooftop solar installations, part of GEC's diversified renewable generation portfolio in Vietnam.
- Solar Power Plant O&M Services Operation and maintenance of solar power plants on behalf of third-party owners, leveraging GEC's SCADA-based remote monitoring and centralized camera system.
- Wind Power Plant O&M Services Operation and maintenance of wind power plants for third-party owners, applying GEC's centralized monitoring and field service capabilities.
- Asset Management Services for Power Plants Asset management of solar, wind, and hydropower plants for third-party owners, covering performance optimization, reporting, and lifecycle planning.
- Electrical Testing Services Electrical testing services for power plants and grid equipment, including protection relay testing, thermography, insulation testing, and commissioning support, performed by GEC's in-house electrical lab.
- Technical Services for Hydropower Plants Technical advisory and engineering services for hydropower plants, drawing on GEC's 35+ years of operational experience in run-of-river generation.
- I-REC Renewable Energy Certificates Issuance and sale of International Renewable Energy Certificates (I-REC) under the Evident Registry, sold to corporate buyers for RE100 and ESG reporting, including via the Syre platform.
Quantifiable outcome
- 768 MWp of installed and developing renewable energy capacity — 4x growth from 2018
- +5 more outcomes
Companies that use Gia Lai Electricity
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Gia Lai Electricity technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Gia Lai Electricity partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Syre (Sweden)minorGia Lai province (where GEC is based) has pledged to work with Swedish textile recycling company Syre to resolve hurdles for direct renewable power purchases for a planned $1 billion polyester recycling complex. Syre aims to source 100% renewable electricity, with total demand potentially reaching 200 MW by 2050.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Gia Lai Electricity competitors and assessment
Company assessmentDirect peers
- BIM Group: BIM Group is a Vietnamese conglomerate with significant hydropower and solar generation assets. Directly comparable to GEC as a domestic diversified renewable IPP serving EVN under regulated PPAs, with similar hydro-solar-wind portfolio diversification.
- Trung Nam Group: Trung Nam Group is one of Vietnam's largest private renewable energy developers, particularly in solar and wind power. Comparable to GEC in serving Vietnam's grid under PPAs and pursuing utility-scale renewable expansion.
- Vena Energy: Vena Energy is a Singapore-headquartered renewable IPP with substantial wind and solar capacity in Vietnam and across Southeast Asia. Closely comparable to GEC in operating renewable assets under long-term PPAs within Vietnam's regulatory framework.
- ACEN Corporation: ACEN is the Philippines-listed renewable energy platform of the Ayala Group, actively expanding wind and solar capacity in Vietnam. Comparable as a regional renewable IPP building diversified hydro/solar/wind portfolios across Southeast Asian markets.
- SCatec ASA: SCatec is a Norwegian renewable energy developer with operating solar assets in Vietnam. Comparable to GEC as a foreign-invested renewable IPP operating within Vietnam's regulated PPA framework, with similar technology focus on solar and storage.
- Gelex Group: Gelex Group is a Vietnamese listed industrial conglomerate that has expanded into renewable energy via acquisitions of solar and wind assets. Comparable to GEC as a domestic IPP building renewable generation portfolios tied to EVN off-take.
Emerging players
- Mainstream Renewable Power: Mainstream (now part of Aker Solutions) developed offshore and onshore wind projects in Vietnam. Comparable to GEC's emerging offshore wind plans as a foreign developer pursuing utility-scale wind development in Vietnam.
Broad incumbents
- Sembcorp Industries: Sembcorp is a Singapore-listed energy and urban development company with renewable energy operations across Southeast Asia including Vietnam. Comparable as a broader incumbent utility with diversified generation including renewables and gas.
- Engie: Engie is a global utility with renewable energy investments across Southeast Asia including Vietnam. Comparable as a broad incumbent with renewable IPP operations and corporate renewable PPA capabilities relevant to GEC's I-REC business.
Regional players
- Sky X Solar (Skyx Solar): Sky X Solar is a Vietnam-based solar developer focused on distributed and rooftop solar projects. Comparable to GEC's rooftop solar segment and overall renewable EPC capabilities within the Vietnamese market.
Market position
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Gia Lai Electricity social profiles
Digital presenceGia Lai Electricity financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gia Lai Electricity leadership team
Management profileNumber of profiles
Profiles5 records
Gia Lai Electricity subsidiaries and ownership
Company hierarchySubsidiaries1 record
Gia Lai Electricity funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gia Lai Electricity M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Gia Lai Electricity
What does Gia Lai Electricity do?
Gia Lai Electricity Joint Stock Company (GEC) owns and operates a diversified portfolio of renewable energy power plants — including run-of-river hydropower, utility-scale solar, rooftop solar, and wind farms — primarily in Vietnam and Laos, selling generated electricity to the national grid under regulated Feed-in Tariffs and Power Purchase Agreements. Alongside generation, GEC sells standalone Operation & Maintenance (O&M), asset management, electrical testing, and technical services to third-party power plant owners, and trades International Renewable Energy Certificates (I-REC) to corporate buyers.
Is Gia Lai Electricity a public or private company?
Gia Lai Electricity is a public company. It is classified as public and is currently operating.
When was Gia Lai Electricity founded?
Gia Lai Electricity was founded in 1989. It employs 501 to 1,000 people.
Where is Gia Lai Electricity based?
Gia Lai Electricity is headquartered in Ho Chi Minh City, Vietnam, in the Asia region.
How does Gia Lai Electricity make money?
Four revenue lines are on record. Electricity Generation and Sales are the primary driver. The others are O&M and Asset Management Services, electrical Testing and Technical Services and I-REC Certificate Sales.
Who are Gia Lai Electricity's main competitors?
Direct peers on record are BIM Group, Trung Nam Group, Vena Energy, ACEN Corporation, SCatec ASA and Gelex Group. Mainstream Renewable Power is listed as an emerging player. Broad incumbents are Sembcorp Industries and Engie. Sky X Solar (Skyx Solar) is listed as a regional player.
Does Gia Lai Electricity have an API?
No public API is recorded for Gia Lai Electricity.
What industry is Gia Lai Electricity in?
Gia Lai Electricity's product category is Renewable Energy Generation. Its primary akta.pro industry code is EUAMAGAJ, Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence), with a secondary code of EUAEADAI, Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads). Its NAICS code is 22111 and its SIC code is 4991.