In 2021, the total power production of the whole EVNGENCO 3 will reach 29.6 billion kWh, of which the parent company of EVNGENCO 3 is 25.9 billion kWh, accounting for about 10.1% of the power output of the whole national power system.
The total revenue of EVNGENCO 3 is VND 37,072 billion, reaching 93.17% of the plan and the total profit after tax is VND 3,022 billion, reaching 230.37% of the year plan.
The dividend rate is 13% and the above figure is far higher than the dividend amount expected by the corporation submitted to its shareholders at the previous year's General Meeting (minimum of 7%). With more than 1.1 billion shares outstanding, EVNGENCO 3 is expected to spend about VND 1,460 billion to pay dividends.
Mr. Mai Quoc Hoi - Member of EVN's Member Board speaks at the Congress
In the context of the rising costs of coal and oil fuel in the world, domestic coal resources are scarce; Due to unfavorable exchange rates and interest rate fluctuations, In 2022, Power Generation Corporation No. 3 – JSC., has presented to shareholders with the parent company's power output plan of 28,472 billion kWh, total revenue of VND 45,417 billion, the total profit after tax (excluding exchange rate difference) is VND 1,827 billion.
According to the profit distribution plan in 2022, the corporation is expected to continue to pay dividends entirely in cash and not less than 11%.
EVNGENCO 3 submits to shareholders a construction investment plan and capital contribution in 2022 with a total value of nearly VND 5,970 billion, including VND 4,851 billion for loan repayment and VND 918.6 billion for net investment and nearly VND 200 billion for investment in form of capital contribution.
EVNGENCO 3 will make efforts to coordinate with partners in the Promotion Project Development Complex to be selected as the investor of Long Son Power Center Project - phase 1 (1,500MW combined cycle LNG gas-fired thermal power plant) and implement capital contribution procedures for construction investment according to the regulations.
Delegates voted to approve the draft reports, plans and directions of the Member Board of EVNGENCO 3
According to the 5-year strategy for the period of 2021 - 2025, EVNGENCO 3 aims, in the period of 2022 – 2025, to contribute capital and invest in new power source projects, including types of power plants such as combined cycle gas turbines using LNG, hydropower, wind power, other types of power sources, etc., with a total capacity of about 2,600MW on the basis of projects that have been researched and promoted by the Corporation (additional planning, framework agreement on cooperation and investment capital contribution).
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Production results in the first 5 months of 2022 gained by the whole EVNGENCO 3:
Power output reached 13.228 billion kWh, an increase of 248 million kWh over the same period in 2021, reaching 41.9% of the year plan, of which the parent company achieved 11.668 billion kWh, reaching 41.4% of the plan.
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