EVN to divest from five joint stock companies hinh anh 1Illustrative image (Source: VNA)

Hanoi (VNA) –The Electricity of Vietnam (EVN) has said that the group is completing procedures to withdraw its capital from five joint stock companies.

The companies are the EVNFinance JSC, the Power Engineering Consulting Joint Stock Companies 3 and 4, the Thuan Binh Wind Power JSC, and the Power Engineering JSC.

This month, the EVN will step up capital divestment and complete procedures in preparation for the first congress of shareholders and the equitisation of the Power Generation Corporation 3 (EVNGENCO 3), while continuing with the equitisation of the EVNGENCO1 and 2, the group said on August 3.

At the same time, it will work to put some projects into operation, including the Quang Ngai-Quy Nhon 220kV transmission lines (second phase), and Long Phu-Soc Trang line.

In July, the EVN ensured electricity supply for socio-economic development and daily activities of residents, especially during the long and severe heatwave in the northern and central regions.

The group produced and imported 19.57 billion kWh last month, raising the total electricity output in the first seven months of this year to 125.5 billion kWh, up 11.7 percent against the same period last year.

Its commercial electricity output in the month was estimated at 17.15 billion kWh, a year-on-year rise of 13.37 percent. The amount recorded during the January-July period was around 108.92 billion kWh, up 11.02 percent over the corresponding time last year.

The group and relevant units launched five projects and put into operation 15 projects of 110-500kV in July. In the first seven months, it began construction of 62 projects and put into service 96 others.

The EVN is now ready for the trial run of turbines of the expanded Vinh Tan 4 thermal power plant.-VNA