To preserve and develop capital
Reporting at the conference, General Director of EVNGENCO 2 Truong Hoang Vu said that in 2020, EVNGENCO 2's energy output reached 17,815 million kWh, accounting for about 13% of EVN and its Power Generation Corporations’ energy production, contributing to ensuring power supply for socio-economic development and people's daily life.
Chairman of EVN’s Board of Members Duong Quang Thanh giving direction at the conference
EVNGENCO 2's production and business activities were profitable, preserving and developing its capital. In 2020, the total consolidated profit of EVNGENCO 2 was estimated at VND3,931 billion, reaching 159% of the plan. Most of the power generators in EVNGENCO 2 were profitable in production and business activities. In particular, the equitization plan of the Parent Company of EVNGENCO 2 has been approved and Power Generation Corporation 2 is expected to offer an initial public offering (IPO) on 8 February 2021, nine days earlier compared with the progress approved by the Prime Minister.
In the field of construction investment, EVNGENCO 2 had also put Thac Mo Solar Power Project 50MWp into commercial operation, four days ahead of schedule; completed the final settlement reports of completed projects of Trung Son Hydropower Plant Project and Song Bung 2 Hydropower Plant Project ...
In 2020, hydropower plants of the EVNGENCO 2 in the Central region have also operated their reservoirs in accordance with the regulations, contributing to reducing downstream floods, minimizing damage, quickly overcoming consequences of natural disasters, ensuring safety in the rainy season ...
EVNGENCO 2's energy production in 2020 increased by 14% compared to 2016, labor productivity in 2020 increased by 39% compared to 2016; its profit growth was very strong.
Chairman of EVN’s Board of Members Duong Quang Thanh awarding EVN's Emulation Flag to two EVNGENCO 2's collectives with excellent achievements in 2020.
Focusing on equitization
Chairman of EVNGENCO 2’s Board of MembersTran Phu Thai (right) and General Director of EVNGENCO 2 Truong Hoang Vu chairing the conference
In 2021, EVNGENCO 2's key task is to perform well equitization, especially to conduct IPO on 8 February 2021; after that, the shareholders' meeting will be held, and the final settlement after equitization will be made. EVNGENCO 2 needs to speed up the progress of construction projects, especially the Huong Phung 1 wind power plant project, Chairman of EVN’s Board of Members Duong Quang Thanh emphasized.