Illustrative Image (Source: VNA) Hanoi (VNA) –The Electricity of Vietnam (EVN) plans to withdraw capital from the Thuan BinhWind Power JSC in the third quarter of 2018.
Thuan Binh Wind PowerJSC’s activities include investment in construction of renewable energyprojects such as wind power, solar power and waste-to-power, and provision of consultationservices for renewable energy projects.
Currently, EVN willcontinue processing the equitisation of EVN Power Generation Corporations 1 and2.
At the same time, thefirm will strive to complete the withdrawal of capital in the EVN finance company(EVNFinance), while continue with divestment from the Dong Anh ElectricalEquipment Corporation, the Power Engineering Consulting JSCs 3 and 4 after theMinistry of Industry and Trade approves divestment plans.
EVN also revealed thatthe group has so far finished its divestment from the Thu Duc ElectroMechanical Joint Stock Company (EMC), and launched initial public offering onthe Power Generation Corporation 3. It is preparing to hold first meeting ofshareholders soon.
EVN sold over 58billion kWh of electricity in the first four months of 2018, representing ayear-on-year rise of 10.59 percent.
Domestic commercialpower output rose by 10.51 percent in the four-month period, according to EVN.
In April alone, thecorporation sold over 16 billion kWh of electricity, up 10.34 percent againstthe same month last year.
Electricity lossesin January-April were estimated at 6.81 percent, 0.39 percentage points lowerthan the set target of 7.2 percent.
EVN produced andbought 67 billion kWh of power in four months, a year-on-year rise of 11.08percent, including 18.03 billion kWh in April.
Power transmissionin April was estimated at 15.3 billion kWh, and the figure for the four monthswas 56.4 billion kWh, up 10.8 percent over the same period last year.-VNA
VNA
