Power Engineering Consulting 3

What Power Engineering Consulting 3 does

Power Engineering Consulting Joint Stock Company 3 (PECC3), ticker TV3 on the Hanoi Stock Exchange, is a Vietnam-headquartered engineering consultancy specializing in power-sector infrastructure. Founded in 1975 as a state-owned design institute and equitized in 2007, PECC3 is majority-owned by Electricity of Vietnam (EVN) and headquartered in Ho Chi Minh City with approximately 468-500 employees, including 405 engineers and specialists. The firm operates across six service domains: renewable energy, thermal power, hydropower, transmission and grid, environment, and survey and consulting.

PECC3 delivers consulting, feasibility study, engineering design, construction supervision, and project management services across the full power value chain. It has completed more than 5,000 projects and holds ISO 9001 and ISO 27000 certifications. Major domestic clients include EVN, Vietnam Oil and Gas Group (PVN), EVNGENCO 3, Đồng Nai Hydropower, and HPPC, with anchor engagements on large-scale plants such as Hiep Phuoc (1,200 MW) and Duyen Hai 3 (1,200 MW). Internationally, the firm has executed hydropower consulting assignments in Laos (Xekaman 1, Nam Neun 1) and Cambodia, and has begun positioning into offshore wind via a partnership with Enterprize Energy on the ThangLong project.

The business model is project-based consulting revenue tied to Vietnam's centrally-planned Power Development Plan (PDP VIII) and adjacent donor-funded infrastructure programs. Pricing is contract-by-contract on large multi-year engagements, producing lumpy revenue recognition. With state ownership conferring preferred-vendor status on domestic tenders, the firm functions effectively as an in-house engineering arm for Vietnam's state power sector while selectively exporting services to neighboring Southeast Asian markets.

Name

Power Engineering Consulting 3

Legal name

Công Ty Cổ Phần Tư Vấn Xây Dựng Điện 3

Website

https://pecc3.com.vn

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

251–500 employees

Short description

Power Engineering Consulting Joint Stock Company 3 (PECC3, TV3) is a Vietnam-based, EVN-majority-owned engineering consultancy delivering feasibility, design, and supervision services across thermal, hydro, grid, renewable, environmental, and survey domains for state-owned power clients.

Ownership category

akta.pro rank

Product category

Power Engineering Consulting Services

NAICS

Engineering Services (541330), Environmental Consulting Services (54162), Architectural, Engineering, and Related Services (5413)

SIC

Services-Engineering Services (8711), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Combined Cycle & Cogeneration (CHP) EPC (EUAEAAAB)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Hydropower EPC & Construction (Civil Works, Electromechanical) (EUACAEAF), Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC)

Keywords

• Power engineering consulting
• Hydropower consulting
• Thermal power design
• Power transmission services
• Renewable energy consulting

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Engineering Consulting Services: Professional consulting fees for power engineering services including planning, feasibility studies, design, and construction supervision. Revenue generated through project-based contracts with government agencies, state-owned enterprises, and private developers.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

PECC3 provides engineering consulting services for power infrastructure projects, delivering feasibility studies, survey and investigation, technical design, construction supervision, and environmental impact assessment. Its work spans thermal power, hydropower, renewable energy (wind and solar), power grid/transmission, and environmental consulting for power-sector clients across Vietnam and internationally.

Product overview

Power Engineering Consulting Joint Stock Company 3 (PECC3) is a comprehensive power engineering consulting firm offering multi-disciplinary services across six core business areas. The company provides Renewable Energy Consulting Services (established 2013, specializing in wind and solar energy), Thermal Power Consulting Services, Hydro Power Consulting Services, Power Transmission & Distribution Services (handling projects up to 500kV), Environment Consulting Services (including EIA, SIA, and resettlement planning), and Investigation/Survey Services. The portfolio includes feasibility studies, technical design, detailed construction drawings, project management, and construction supervision. PECC3 has participated in landmark projects including the 1,200MW Hiep Phuoc LNG Power Plant, 500kV substations at Nghi Son and Chon Thanh, and hydropower projects in Vietnam and Laos. The company operates with a workforce of over 400 staff and maintains ISO quality and information security certifications.

Differentiator

Problem solved

Functional benefit

Products and services

• Renewable Energy Consulting Engineering consulting for wind and solar power projects, including wind measurement tower installation (45–120m), wind resource assessment, solar feasibility studies, and design for renewable energy plants. Serves state-owned power corporations and private developers.
• Thermal Power Consulting Consulting services for thermal power plants covering feasibility studies, design, and construction supervision. Targets state-owned and private thermal power developers in Vietnam and overseas.
• Hydropower Consulting Engineering consulting for hydropower projects including RCC dam design up to 100m height, feasibility studies, detailed design, and construction supervision for hydro power plants.
• Power Grid / Transmission Consulting Consulting and design services for power grid and transmission infrastructure, including 500kV transmission line design, substation design, and grid planning for state-owned utility clients.
• Environmental Consulting for Power Projects Environmental impact assessments, environmental monitoring, and permitting support for power generation and transmission projects. Established as a dedicated department in 2013.
• Survey and Investigation Services Field survey, geological investigation, topographical survey, and site characterization services supporting power infrastructure projects.

Quantifiable outcome

• 40+ years of industry experience
• +2 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core.

• FichtnercoreTechnology or IntegrationInternational engineering consultancy partnership. Jointly won bid for Phu Lac wind power project consultancy with Fichtner.
• Nippon KoeicoreStrategic or Co-development PartnerJapanese engineering consultancy partnership for power projects
• Enterprize EnergycoreStrategic or Co-development PartnerStrategic partner for ThangLong Wind (Kega Offshore Wind Project) - Vietnam's first offshore wind project. PECC3 provides survey and design consulting services.
• EVN (Vietnam Electricity)coreStrategic or Co-development PartnerPrimary state-owned utility client for power consulting projects including thermal, hydro, and transmission infrastructure
• SMECcoreStrategic or Co-development PartnerInternational engineering consultancy partnership
• J-PowercoreStrategic or Co-development PartnerJapanese power engineering consultancy partnership
• GIZcoreStrategic or Co-development PartnerGerman international development organization partnership for wind measurement tower installation project (10 towers at 80m height) for Vietnam Ministry of Industry and Trade
• World BankcoreStrategic or Co-development PartnerPartnership for Vietnam Wind Atlas project. PECC3 selected as domestic consultant with True Wind Solution (USA) for wind resource assessment project.

Scale indicators5 records

Recent moves12 records

Expansion highlights5 records

Emerging players

• Burns & McDonnell: US engineering consultancy expanding into Southeast Asian power and grid consulting; competes for transmission, substation, and renewable interconnection design mandates in the region.

Direct peers

• Power Engineering Consulting JSC 1 (PECC1): Vietnamese state-owned power engineering consulting peer operating under EVN with a comparable six-domain portfolio (thermal, hydro, grid, renewable, environment, survey) and a similar EVN/government client base.
• Nippon Koei: Japanese engineering consultancy already partnered with PECC3 on Vietnam power projects; brings hydropower and grid expertise and serves as both partner and competitor for Japanese-funded Vietnamese infrastructure consulting work.
• Power Engineering Consulting JSC 2 (PECC2): Sibling EVN-owned power engineering consulting firm with overlapping thermal, hydro, grid, and renewable consulting capabilities and similar state-owned enterprise customer concentration in Vietnam.
• Power Engineering Consulting JSC 4 (PECC4): Fourth member of the EVN power consulting family offering the same thermal/hydro/grid/renewable consulting services to Vietnamese state-owned power developers, directly competing for the same tenders as PECC3.

Broad incumbents

• Worley: Global energy, chemicals and resources project delivery and consultancy with strong power and renewable advisory capabilities; competes for LNG and renewable energy consulting work in Vietnam.
• Tractebel Engineering: Engie-owned global engineering consultancy with deep power generation (thermal, hydro, nuclear) and grid capabilities; active in Vietnam and Southeast Asia and a competitor for large LNG and renewable consulting mandates.
• Black & Veatch: US-headquartered engineering firm specializing in power generation, transmission, and water infrastructure consulting; relevant competitor for thermal, LNG, and grid consulting mandates in Southeast Asia.
• Mott MacDonald: Global engineering consultancy with significant power transmission, hydropower, and renewable advisory practices; competes for donor-funded and private-sector Vietnamese power consulting mandates.
• AFRY: European engineering consultancy (formerly Pöyry) with a leading hydropower and power generation consulting practice; competes for large power consulting mandates across Southeast Asia and globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/evnpecc3
• LinkedInlinkedin.com/company/evnpecc3

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Power Engineering Consulting 3