PV Power completes 89.5 percent of revenue target

PetroVietnam Power Corporation (PV Power) earned 2.5 trillion VND (108 million USD) in revenue in the first month of this year.

Thursday, February 18, 2021 15:55

PV Power completes 89.5 percent of revenue target ảnh 1

In February, PV Power plans to have an estimated power output of more than 1.46 billion kWh and expects revenue of 2.3 trillion VND. (Photo: tinnhanhchungkhoan.vn)

Hanoi (VNS/VNA) - PetroVietnam Power Corporation (PV Power) earned 2.5trillion VND (108 million USD) in revenue in the first month of this year.

Thisfulfilled 89.5 percent of the month's target due to a reduction in revenue fromNhon Trach 1 and 2 power plants.

Regardingthe investment project of Nhon Trach 3 and Nhon Trach 4, PV Power said themanagement board would continue to review theengineering-procurement-construction (EPC) bidding documents and site clearancedocuments 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 kWhand expects revenue of 2.3 trillion VND.

By the endof 2020, PV Power reached 29.7 trillion VND in revenue and 2.2 trillion VND innet profit, down 16 percent and 13 percent respectively compared to 2019.

Compared tothe target set for 2020, it fulfilled 84 percent of revenue target and exceededprofit target by 22 percent./.

VNA

#PetroVietnam Power Corporation (PV Power) #Nhon Trach 1 #Nhon Trach 3 #engineering-procurement-construction (EPC) bidding #Vietnam #Vietnam news #Vietnam News Agency

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