Mr. Le Van Danh – General Director of EVNGENCO 3
Reporter: Could you tell me what are implications of the official listing of EVNGENCO 3 shares on HOSE?
Mr. Le Van Danh: Power Generation Corporation No.3 has been established under Decision No. 3025/QD-BCT dated 1 June 2012 of the Ministry of Industry and Trade. The Corporation’s main business lines are electricity generation, investment in and management of power generation projects, repair and maintenance services for power plants, and operation of power plants.
Up to now, the total installed capacity of EVNGENCO 3 (including joint-stock companies with EVNGENCO3’s stake of 30% or more) reaches 6,560MW, equivalent to about 8.6% of the capacity of Vietnam's power system.
After nearly 4 years of trading on UPCOM, PGV shares have been approved to be listed on HOSE, with higher standards in listing, information disclosure and large-scale public company governance. This is also an event that marks an important milestone and opens up many new opportunities, bringing PGV shares closer to large domestic and foreign investors, thereby further promoting the restructuring process in line with the development strategy of Power Generation Corporation No.3.
Reporter: Could you tell us what is the future development orientation of EVNGENCO 3?
Mr. Le Van Danh: EVNGENCO 3 determines that in the period 2021-2025 and the following years, the Corporation will maintain a stable and long-term environment for coal-fired power plants; expand the market to provide operation and maintenance services for power plants.
In particular, EVNGENCO 3 orients to develop clean energy in the future such as: Promoting cooperation in investment in LNG power plant projects as well as purchasing LNG for Phu My power plants at an appropriate time; studying and promoting investment in wind power and hybrid solar power projects (in combination with hydropower) after the Power Master Plan No.8 is approved. In addition, Power Generation Corporation No.3 will invest in upgrading Phu My thermal power plants to ensure their efficient operation in the coming time.
In addition to maintaining the interests of the current shareholders, Power Generation Corporation No.3 expects to attract the attention of large investors to be able to fulfill the corporate restructuring and lower EVN's equity in EVNGENCO 3 according to the approved policy.
Mr. Duong Quang Thanh, Chairman of the Board of Directors of EVN performed the beating of the gong to celebrate the first trading day of PGV shares on HOSE on 10 February 2022.
Reporter: What is your expectation about PGV stock after being officially listed on HOSE?
Mr. Le Van Danh: The listing of PGV shares on HOSE is expected to bring Power Generation Corporation No.3 into a new phase of powerful, exceptional and sustainable development.
PV: Thank you, sir!
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Mr. Duong Quang Thanh - Chairman of the Board of Directors of Vietnam Electricity:
The listing of PGV shares on the HOSE creates favorable conditions to ensure the transparency and lucidity of EVNGENCO 3’s operation. Obligations of the joint-stock corporation shall be performed strictly in accordance with the law and the securities market. In particular, the Board of Directors must always disclose information transparently and build development orientations for Power Generation Corporation No.3 to grow stronger, since the pressure of listing on the stock exchange requires the Corporation to operate profitably every year as requested by shareholders.
Mr. Dinh Quoc Lam – Chairman of the Board of Directors of EVNGENCO 3:
The official listing of PGV stock on HOSE helps the stock get closer to investors, a prerequisite for EVNGENCO 3 to implement longer-term programs such as capital attraction, governance capacity building and strategic investor selection in the future. However, regardless of business model, EVNGENCO 3, with the management and operation of many power plants across the country, has always been clearly identified as an enterprise being responsible to the society and the community, ready to join hands with the people of the country when facing difficulties.
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