PV Power completes 89.5% of revenue target

In February, PV Power plans to have an estimated power output of more than 1.46 billion kWh and expects revenue of VNĐ2.3 trillion. Photo tinnhanhchungkhoan.vn

HÀ NỘI — PetroVietnam Power Corporation (PV Power) earned VNĐ2.5 trillion (US$108 million) in revenue in the first month of this year.

This fulfilled 89.5 per cent of the month's target due to a reduction in revenue from Nhơn Trạch 1 and 2 power plants.

Regarding the investment project of Nhơn Trạch 3 and Nhơn Trạch 4, PV Power said the management board would continue to review the engineering-procurement-construction (EPC) bidding documents and site clearance documents of contractors. PV Power would also continue to supplement capital, negotiate gas sale and purchase contracts and power purchase agreements.

In February, PV Power plans to have an estimated power output of more than 1.46 billion kWh and expects revenue of VNĐ2.3 trillion.

By the end of 2020, PV Power reached VNĐ29.7 trillion in revenue and VNĐ2.2 trillion in net profit, down 16 per cent and 13 per cent respectively compared to 2019.

Compared to the target set for 2020, it fulfilled 84 per cent of revenue target and exceeded profit target by 22 per cent.

On the market, shares of PV Power (POW) are being traded around VNĐ12,950 per share. — VNS

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