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VietNamNews

PM Dung approves EVN capital increase

Update: March, 21/2015 - 09:58
HA NOI(VNS)  — Prime Minister Nguyen Tan Dung approved a plan to raise Electricity of Viet Nam's (EVN's) charter capital to VND160 trillion (US$7.62 billion) by the end of 2015.

The company had more than VND143.4 trillion ($6.83 billion) in equity at the end of 2012. The supplemented capital will come from various sources, including development funds, construction project balances and State finances.

Dung assigned the Ministry of Industry and Trade and the Ministry of Finance to provide specific guidelines for the implementation of the plan.

The State-run EVN specialises in producing, transmitting and trading electricity. It also manages the national grid, power import and export, and electric work operations. — VNS

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