Song Ba
Song Ba Joint Stock Company (SBA) is a Vietnamese hydropower producer operating two reservoir-based plants totaling 79 MW, selling electricity exclusively to state-owned Vietnam Electricity (EVN) under long-term power purchase agreements. The company also provides dam safety consulting services.
- Company typePublic
- Founded2003
- HeadquartersDa Nang, Vietnam
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Song Ba does
Song Ba Joint Stock Company (Công ty Cổ phần Sông Ba, ticker: SBA) is a Vietnamese hydropower producer headquartered in Da Nang, founded in 2003 and listed on the Ho Chi Minh Stock Exchange. The company operates two reservoir-based hydroelectric plants with a combined installed capacity of 79 MW: the 15 MW Khe Diên plant (Da Nang, operational since 2007) and the 64 MW Krông H'năng plant (Đắk Lắk Province, operational since 2011). Total cumulative investment in the two plants is approximately 1,599 billion VND, financed through a mix of equity and commercial loans from OCB and other lenders.
The company sells electricity under long-term power purchase agreements to Vietnam Electricity (EVN), the state-owned national grid operator, which is the sole off-taker for all generated output. EVNCPC, a subsidiary of EVN, holds a 39.09% controlling stake as the founding shareholder, entrenching Song Ba within the regulated Vietnamese power sector. Beyond generation, the company operates a Dam Safety Consulting and Inspection Center providing inspection and certification services for hydropower facilities, and derives ancillary revenue from construction materials, mechanical-electrical equipment, and maintenance services. Electricity pricing is government-regulated and negotiated with EVN, with revenue directly proportional to actual generation output and reservoir conditions.
Song Ba employs 98 staff across headquarters and plant operations, holds ISO 9001:2015 certification from BSI, and has received national honors including Labor Medal Class II and III from the President of Vietnam. Dividend distributions have historically been set at 10-12% per year. The business model is a stable, regulated utility with limited growth optionality beyond its two existing plants, serving the Central Vietnam regional grid through EVN.
Song Ba firmographics
Firmographics- Name
- Song Ba
- Legal name
- Công ty Cổ phần Sông Ba
- Website
- https://songba.vn
- Company type
- Public
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Song Ba Joint Stock Company (SBA) is a Vietnamese hydropower producer operating two reservoir-based plants totaling 79 MW, selling electricity exclusively to state-owned Vietnam Electricity (EVN) under long-term power purchase agreements. The company also provides dam safety consulting services.
- Ownership category
- akta.pro rank
Song Ba industry classification
Industry- Product category
- Hydropower Generation
- NAICS
- Hydroelectric Power Generation (221111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Hydropower EPC & Construction (Civil Works, Electromechanical) (EUACAEAF)
- akta.pro secondary industry
- Hydro BOP Civil & Water Conveyance (Dams, Spillways, Penstocks, Canals) (EUAMAFAG)
Keywords
Where Song Ba is headquartered
LocationHeadquarters
- HQ city
- Da Nang
- HQ country
- Vietnam
- HQ region
- Asia
Offices4 records
Markets served
Song Ba business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain
Revenue model
- Electricity Production and Sales: Primary revenue stream from generating and selling electricity to Vietnam Electricity (EVN) national grid through long-term power purchase agreements. Revenue is production volume dependent on water flow and reservoir levels.
- Hydropower Consulting Services: Project management, dam safety consulting, and technical inspection services for hydropower facilities. Includes design consulting for power lines and substations up to 110KV.
- Construction Materials and Equipment: Sales of construction materials and mechanical-electrical equipment at project sites, and hydropower equipment repair and maintenance services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Government-regulated electricity pricing for grid sales |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Song Ba product offering
Product offeringCore offering
Song Ba Joint Stock Company operates two reservoir-based hydroelectric power plants — the 15MW Khe Diên plant in Đà Nẵng and the 64MW Krông H'năng plant in Đắk Lắk — generating electricity that is sold exclusively to Vietnam Electricity (EVN) under long-term power purchase agreements. The company also provides dam safety inspection, consulting, and hydropower project management services through its in-house Dam Safety Consulting and Inspection Center.
Product overview
Song Ba Joint Stock Company (SBA) operates as a hydropower generation company with a portfolio centered on two main hydroelectric power plants: the 15MW Khe Diên Hydropower Plant in Da Nang and the 64MW Krông H'năng Hydropower Plant in Đắk Lắk Province, totaling 79MW installed capacity. The company also provides ancillary services through its Dam Safety Consulting and Inspection Center. The business model is organized as a unified power generation offering with supporting consulting services rather than a multi-module platform architecture.
Differentiator
Problem solved
Functional benefit
Companies that use Song Ba
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Song Ba technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Song Ba partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- IR Awards Program (Vietstock, VAFE, FiLi)minorAnnual investor relations awards program recognizing listed companies for information disclosure quality. The company has participated and received recognition for meeting disclosure standards in 2025 and 2026.
- Vietnam Electricity (EVN) / Central Power Corporation (EVNCPC)coreEVNCPC (formerly Điện lực 3) is the founding shareholder holding 39.09% stake. EVN oversees the national power grid and is the primary electricity off-taker. The company maintains close operational ties with EVNCPC as part of the Vietnam electricity sector ecosystem.
- AAC Auditing and Accounting Co., LtdminorExternal auditing firm engaged for annual financial statement audits. Contract number 186/HĐKT/SBA-AAC for 2026 financial year audit services.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Song Ba competitors and assessment
Company assessmentDirect peers
- Vinaconex Power Joint Stock Company (VCE/VHG): Vietnamese listed hydropower operator spun out of Vinaconex construction group, owning and operating multiple hydropower plants selling to EVN. Comparable in being a publicly listed, small-to-mid scale hydro IPP within the Vietnamese power ecosystem.
- Power Engineering Consulting Joint Stock Company No. 1 (PC1): Listed Vietnamese company combining power construction and hydropower generation with multiple operational plants selling to EVN. Closely comparable business model — small-to-mid hydropower IPP selling under regulated PPAs to the national grid — and similarly listed on HoSE.
- Vạn Phú Hydropower Joint Stock Company (VPH): Listed Vietnamese small-cap hydropower operator selling electricity to EVN under regulated PPAs. Highly comparable in size, asset structure, customer dependency, and regulatory regime, making it a close domestic comp for Song Ba.
Emerging players
- Boralex: Canadian-listed independent renewable energy producer with a historical base in small-scale hydroelectric generation now expanded into wind and solar. Comparable as a publicly listed small-to-mid hydro IPP, though geographically focused on North America and Europe.
- Innergex Renewable Energy: Canadian-listed independent renewable power producer with a meaningful small-hydro portfolio alongside solar and wind. Comparable as a small-to-mid cap listed pure-play renewables operator with hydro exposure, though operating in North American markets.
Broad incumbents
- Brookfield Renewable Partners: One of the world's largest publicly listed pure-play renewable power platforms with significant hydroelectric generation. Comparable as a publicly listed hydro-focused IPP business model, though operating at vastly larger scale and globally diversified.
- EVN Power Generation Corporation No. 1 (GENCO1): State-owned generation arm of Vietnam Electricity managing multiple hydropower and thermal plants. Directly comparable as a Vietnamese hydro generator selling into the EVN grid under government-regulated PPAs, but operating at materially larger scale and broader asset mix than Song Ba.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Song Ba compliance and trust
Trust signalCompliance1 record
Song Ba financial estimates
Financial estimateRevenue estimate
Valuation estimate
Song Ba leadership team
Management profileNumber of profiles
Profiles1 record
Song Ba subsidiaries and ownership
Company hierarchySubsidiaries3 records
Song Ba funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Song Ba 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 Song Ba
What does Song Ba do?
Song Ba Joint Stock Company operates two reservoir-based hydroelectric power plants — the 15MW Khe Diên plant in Đà Nẵng and the 64MW Krông H'năng plant in Đắk Lắk — generating electricity that is sold exclusively to Vietnam Electricity (EVN) under long-term power purchase agreements. The company also provides dam safety inspection, consulting, and hydropower project management services through its in-house Dam Safety Consulting and Inspection Center.
Is Song Ba a public or private company?
Song Ba is a public company. It is classified as public and is currently operating.
When was Song Ba founded?
Song Ba was founded in 2003. It employs 51 to 100 people.
Where is Song Ba based?
Song Ba is headquartered in Da Nang, Vietnam, in the Asia region.
How does Song Ba make money?
Three revenue lines are on record. Electricity Production and Sales are the primary driver. The others are hydropower Consulting Services and construction Materials and Equipment.
Who are Song Ba's main competitors?
Direct peers on record are Vinaconex Power Joint Stock Company (VCE/VHG), Power Engineering Consulting Joint Stock Company No. 1 (PC1) and Vạn Phú Hydropower Joint Stock Company (VPH). Emerging players are Boralex and Innergex Renewable Energy. Broad incumbents are Brookfield Renewable Partners and EVN Power Generation Corporation No. 1 (GENCO1).
Does Song Ba have an API?
No public API is recorded for Song Ba.
What industry is Song Ba in?
Song Ba's product category is Hydropower Generation. Its primary akta.pro industry code is EUACAEAF, Hydropower EPC & Construction (Civil Works, Electromechanical), with a secondary code of EUAMAFAG, Hydro BOP Civil & Water Conveyance (Dams, Spillways, Penstocks, Canals). Its NAICS code is 221111 and its SIC code is 4991.