In 2022, Hoa Binh Hydropower Company contributed nearly VND 1,500 billion to the state budget

This was one of the highlights of the operation results of Hoa Binh Hydropower Company last year. A Conference on reviewing 2022 and deploying 2023 tasks of the Company took place on January 10 in Hoa Binh. Mr. Dang Huy Cuong - a Member of the Board of Directors of Vietnam Electricity (EVN) attended the Conference and made a directing speech.

Production reached nearly 9.4 billion kWh

The total volume of water inflow to the reservoir at the end of 2022 reached 48.02 billion m³, equal to 89% of the average level of many years. The total amount of water being used for power generation was 40.56 billion m³, equal to 84% of the water inflow volume. The water level of Hoa Binh reservoir by the end of December 31, 2022, was at 115.8m, 1.2m lower than the full supply level.

Mr. Dang Huy Cuong - Member of EVN's Board of Directors making directing speech at Conference

In the past year, Hoa Binh Hydropower Company has accomplished its task of water supply for irrigation and agricultural production, as well as for domestic purposes. The total amount of water discharged all 3 times for the production of the 2021 - 2022 winter-spring crop was 2.38 billion m³.

During the year, Hoa Binh Hydropower Company satisfactorily followed the national power system operation mode, playing a key role in adjusting the frequency of the power system, supporting the system in circumstances when incidents occurred on the power system. Electricity production reached nearly 9.4 billion kWh, equivalent to 92.59% of the assigned plan. The Company has fulfilled its obligation of contributing to the state budget a total of VND 1,478 billion in a timely manner. Particularly, the amount of direct contribution to the local budget of Hoa Binh province was VND 898 billion.

Mr. Pham Van Vuong - Director of Hoa Binh Hydropower Company presenting report at Conference

In 2022, the construction of Hoa Binh Hydropower Plant Extension project has been carried on.

Mr. Dang Huy Cuong - Member of EVN’s Board of Directors awarding EVN’s Certificates of Merit to collectives and individuals who successfully completed the 2022 tasks of Hoa Binh Hydropower Company.

Some targets of Hoa Binh Hydropower Company in 2023:

- Electricity generation output: 9.83 billion kWh;

- The reservoir’s water storage at the end of the year reaches an elevation of ≥ 116.0 m;

- Auxiliary power < 0.587 %;

- Availability factor: 89.15%;

- Saving 10% of planned costs of materials, outsourced services and other expenses in cash;

- Completing targets on progress, implementation value and cost savings for overhaul and construction investment work;

- Completing targets on rate and value of online bidding packages;

- Completing corporate governance tasks.