【SMM Steel】Hoa Phat Group achieves 90% energy self-sufficiency via green solutions

Published: May 26, 2026 16:55

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【SMM Steel】Hoa Phat now generates ~90% of its production electricity internally, keeping grid reliance at 10% for backup. Deputy Director Nguyen Do Dung said using waste heat and gases for power cuts costs by trillions of Vietnamese dong annually without consuming fossil fuels. The group also integrates energy-efficient equipment and recycles saturated heat across its major steel complexes. Hoa Phat plans to install 100 MWp of rooftop solar systems by year-end, including a 79.2 MWp project at Dung Quat.

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