Commission for Management of State Capital at Enterprises works with EVNGENCO 2

On April 19 and 20, in Can Tho city, the delegation of the Commission for Management of State Capital at Enterprises led by Mr. Ho Si Hung - Vice Chairman of the Commission, Head of the Equitization Steering Committee for Power Generation Corporation 2 as the head of the delegation, came to work at Power Generation Corporation 2 (EVNGENCO 2) to grasp the business situation since equitization until now and the progress of implementing the fuel conversion project of O Mon I Thermal Power Plant.

Reporting by the delegation on the production and business situation since equitization, Mr. Truong Hoang Vu - General Director of EVNGENCO 2 said that the financial indicators of parent company EVNGENCO 2 all improved in comparison with that before equitization.

Specifically, the ratio of liabilities to equity decreases over the years and is guaranteed to be less than 3 times; current solvency increases gradually over the years and is guaranteed to be greater than 1 time; average return on equity and average return on assets in 2021 and 2022 both increase compared to that before equitization.

Mr. Ho Sy Hung - Vice Chairman of the Commission for the Management of State Capital at Enterprises giving a directing speech at the meeting

After equitization, EVNGENCO 2 rapidly adapted to the new business model to promptly develop, in line with the general trend in the current situation, thereby increasing income and ensuring the living standards for workers. The corporate governance of the corporation is gradually completed according to the model of a joint stock company.

For the fuel conversion project of O Mon I Thermal Power Plant, EVNGENCO 2 has implemented the project in accordance with the schedule of the first commercial gas flow (First gas) expected in the fourth quarter of 2026 at the latest; at the same time, together with Vietnam Electricity, urgently negotiate and agree on the main contents of the gas purchase contract with the Vietnam Oil and Gas Group (PVN) for the O Mon I, O Mon III and O Mon IV thermal power plants.

Mr. Vo Hong Linh - Member of EVN's Member Council speaking at the meeting

Mr. Tran Phu Thai - Chairman of EVNGENCO 2’s Member Council speaking at the meeting


  • 21/04/2023 09:56
  • evn.com.vn
  • 137