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.
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)This fulfilled 89.5 percent of the month's target due to a reduction in revenue from Nhon Trach 1 and 2 power plants.
Regarding the investment project of Nhon Trach 3 and Nhon Trach 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 2.3 trillion VND.
By the end of 2020, PV Power reached 29.7 trillion VND in revenue and 2.2 trillion VND in net profit, down 16 percent and 13 percent respectively compared to 2019.
Compared to the target set for 2020, it fulfilled 84 percent of revenue target and exceeded profit target by 22 percent./.
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
