Power Generation Corporation 1 completes its task in 2023 despite many unfavorable factors
The conference of summarizing the Party, professional work in 2023, and implementing tasks in 2024 of Power Generation Corporation 1 (EVNGENCO1) took place on 26 December 2023 in Hanoi. Despite many difficulties in production and business activities, EVNGENCO1 has basically completed the assigned tasks in 2023.
Overcoming difficulties in generating electricity
In 2023, EVNGENCO1 guaranteed safe and stable electricity generation operations and met the system's mobilization requirements. EVNGENCO1 is estimated to produce 31.25 billion kWh. EVNGENCO1 has achieved and exceeded 6/8 of the production and business plan targets assigned by EVN, especially the electricity production of thermal power plants in the Northern region is guaranteed (operation time reaches Tmax 6,500h); participated effectively in the electricity market, well-controlled input cost factors.
Secretary of Party Committee, Chairman of EVN’s Board of Directors giving directive speech at conference
EVNGENCO1 also performs well in environmental protection, preventing environmental incidents from occurring. The power plant of EVNGENCO1 has implemented environmental monitoring and management of wastewater, exhaust gas, industrial waste, and hazardous waste by the provisions of law.
In addition, EVNGENCO1 has urgently made efforts to negotiate with new suppliers and procurement organizations to ensure coal for the power generation needs of thermal power plants. The total volume of coal supplied in the year reached 13.748 million tons. Inventories at the end of 2023 of thermal power plants meet a high level, ensuring electricity production in the dry season in 2024 with a total inventory volume of 880,000 tons for domestic coal, and 738,000 tons for imported coal.
Share with difficulties of entire power industry
Party Committee Secretary, Chairman of EVNGENCO1’s Board of Directors Nguyen Tien Khoa reporting at conference
Commenting that 2024 will continue to face many difficulties, the Party Secretary and Chairman of the Board of Directors emphasized that the safe and stable operation of plants, especially coal-fired power plants, will contribute share in the general difficulties of the entire Power industry and EVN.
EVN’s President and CEO Nguyen Anh Tuan awarding Vietnam Electricity's Emulation Flag to EVNGENCO1's collectives completed their tasks in 2023.
Receiving instructions from the EVN leaders, Mr. Nguyen Tien Khoa - Chairman of EVNGENCO1’s Board of Directors said that to ensure efficiency in production and business activities, EVNGENCO1 will assign technical and economic criteria, monthly operating plans for units and main focus on criteria: availability factor, electricity generation output, effective exploitation of water resources, assurance of coal supply, effective deployment of maintenance, repair and environmental protection.
Some production and business plan criteria of EVNGENCO1 in 2024:
- Generating electricity output: 34.719 billion kWh
- Ensuring technical and economic criteria assigned by EVN
- Reaching construction investment capital plan in 2024 for projects invested by EVNGENCO1: more than VND 8,688 billion
- Ensuring financial balance, capital preservation, and development; striving to achieve the profit plan assigned by EVN.
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