Monday, November 19 2018

VietNamNews

PV Power targets output of 5.6b kWh

Update: November, 05/2018 - 22:30
PV Power produces around 10 per cent of Việt Nam’s total power output. File Photo
Viet Nam News

HÀ NỘI — PetroVietnam Power Corporation (PV Power) targeted to reach a production output of more than 5.6 billion kWh in the last quarter of this year to fulfill the full year’s plan.

The company reported that it produced a total output of 16.038 billion kWh from January to the end of September, meeting 74 per cent of the plan for the full year.

PV Power’s electricity output mainly came from Cà Mau 1, Cà Mau 2, Nhơn Trạch 1, Nhơn Trạch 2 and Vũng Áng 1 plants.

PV Power also owned Nậm Cắt, Hủa Na and Đăkđrinh hydroelectric plants.

PV Power said that it would continue to hasten capital divestment from inefficient projects.

After successfully organising an initial public offering in January, PV Power reported revenue and pre-tax profit of VNĐ24.8 trillion (US$1.06 billion) and VNĐ1.8 trillion, respectively in the first nine months of the year, equivalent to 106 per cent and 124 per cent of the annual plant.

It earned after-tax profit of VNĐ1.4 trillion and contributed more than VNĐ1 trillion to the State budget.

PV Power produces around 10 per cent of Việt Nam’s total power output. — VNS

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