The Power Generation Corporation 1 (GENCO 1) under the State-owned Vietnam Electricity produced over 26.65 billion kWh over the last 10 months, representing 77.5 percent of this year’s target and a year-on-year rise of 12.3 percent.
Only 3 percent of a total of 267 million shares offered in the initial public offering (IPO) of Power Generation Corporation 3 (Genco 3) on February 9 were sold successfully, a poor result given the high market expectations before the sale.
Four foreign investors from India, Thailand, the Republic of Korea and the Middle East registered to buy 36 percent of the charter capital at the Power Generation Corporation 3 (GENCO 3) to become its strategic investors.
The Power Generation Corporation 3 (Genco 3) will put more than 267 million shares, accounting for 12.8 percent of its charter capital, up for sale in its IPO in February 2018.
The Generation Corporation 1 (GENCO 1) of the Electricity of Vietnam (EVN) produced more than 9 billion kWh of hydropower in the first 11 months of 2017, 40 percent higher than this year’s target.
The Power Generation Corporation 1 (GENCO 1) said in the past 11 months, the company produced nearly 20.6 billion kWh of electricity, equal to 91.5 percent of its yearly plan.
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