In the first 5 months of 2019, Power Generation Corporation No.3 gained a revenue of nearly VND 18 trillion

This information was published at the 2019 Annual General Meeting of Shareholders of the Power Generation Corporation No.3 – Joint Stock Company (EVNGENCO 3) on June 27, 2019 in Ho Chi Minh city.

Attending the General Meeting were representatives of functional departments of Vietnam Electricity (EVN), securities companies, investment funds, potential investors, together with 77 shareholders and authorized representatives of 1,064,399,898 shares corresponding to 99.48% of the total voting shares of the Corporation.

In 2019, Power Generation Corporation No.3 submitted to shareholders a plan including the targeted power generation output of 32.57 billion kWh, a total revenue of 42,550 billion dong and pre-tax profit of 409 billion dong.

The business performance in the first 5 months showed that EVNGENCO 3 produced 14.37 billion kWh, approximately as the figure in the same period of 2018 and realized over 40% of the plan of 2019. The revenue of VND 17,832 billion was an increase of nearly 5% compared to the same period of 2018.

The Corporation has accelerated its construction investment projects, paid attention to simultaneously developing energy sources, especially renewable energy and environmentally friendly ones. EVNGENCO 3 has completed the installation, testing, commissioning and put into commercial operation Vinh Tan 2 Solar Power Plant (42.65MWp) since June 24, 2019.

At the same time, the Corporation has promoted the planning and construction of solar power projects such as Ninh Phuoc 7 (200MWp), Buon Kuop and Srepok 3 (100MW); or Long Son Power Center project using LNG in Ba Ria - Vung Tau, etc.

EVNGENCO 3's 2019 Annual General Meeting of Shareholders. Photo: DVCC

EVNGENCO 3 has actively performed project management consultancy: Keeping on finalizing settlements for Vinh Tan 4 Thermal Power Project, striving to complete and put into commercial operation Vinh Tan 4 Thermal Power Extension Project before October 30, 2019, 2 months earlier than the schedule set out in the contract.

In the second half of 2019, EVNGENCO 3 will synchronously deploy solutions on operation, fuel supply, technology application, improving the quality of human resources, etc. towards completing the planned annual targets.

EVNGENCO 3's 2019 Annual General Meeting of Shareholders voted and unanimously approved the targets proposed by EVNGENCO 3’s Board of Directors. 100% of shareholders agreed with the Resolution of the Meeting.

Power Generation Corporation No.3 - JSC (EVNGENCO 3):

Operation model: Joint stock company (from October 01, 2018)

Stock code: PGV, listed on UPCoM stock exchange

Total shares of the Corporation: 1,069,969,577 shares, corresponding to the total charter capital: VND 10,699,695,770,000.

Total installed capacity: 6,304MW (accounting for about 13% of the total installed capacity of the national power system)

  • 27/06/2019 05:22