Dong Nai Hydropower Joint Stock Company to be established

06/09/2007 00:00:00 - views: 1,377

In this September, Vietnam Electricity (EVN) will approve the project on establishing Dong Nai Hydropower Joint Stock Company (DONAHJC) by exploiting the two being-built projects namely Dong Nai hydropower No. 3 and Dong Nai hydropower No. 4.

DONAHJC has the chartered capital of VND 2,700 billion, including 3 shareholders: EVN, Power Company No. 2 and Ho Chi Minh City Power Company. Then, each officer and employee working at Hydropower Project Management Board No. 6 may join capital contribution with the amount up to VND 200 million.

The investment of these 2 projects totals VND 13,000 billion. Therefore, EVN plans to shift the business model of them to join stock companies to efficiently upgrade the capability of investing, exploiting and operating.

As anticipated, DONAHJC will operate in such areas as investment in constructing generator, line system and 110kV, 220kV substations as well as power production and business. Moreover, the company will operate, guarantee and upgrade electric equipments and hydro constructions; consult and examine investment projects on construction. Besides, the company will expand into other areas like real estate, office leasing, capital business, stock exchange, etc.

Dong Nai No. 3 and Dong Nai No. 4 hydropower companies will have the total capacity of 520 MW when operating in late 2009, and in late 2010 will provide the national power network with the average power output of 1.7 billion kW/year, and will seamlessly inhibit Tieu Man floods in lowlands, creating tourism sight-seeing and developing transportation and aquatic products.

Nguyen Kim Anh

EVN seeks special mechanism for equitised Gencos
EVN seeks special mechanism for equitised Gencos

Electricity of Vietnam (EVN) has asked the Prime Minister to issue a special operation mechanism for...

Information Technology Center seeks recruitment

EVN’s Information Technology Center is a member of the Electricity of Vietnam Group (EVN) functioning...

News

EVN shared information with the investors of wind power projects

Cập nhật 15/01/2020

In the afternoon of January 13, in Hanoi, Electricity of Vietnam (EVN) organized a conference to exchange...

Innovation

EVN restructures the dependent accounting units

Cập nhật 07/11/2018

The Prime Minister has just directed Electricity of Vietnam (EVN) to restructure, reorganize and...

Investment

Supplementing 30MW WPP in the west mountainous region of Quang Tri province

Cập nhật 17/12/2019

Recently, Quang Tri Provincial People's Committee (PPC) issued a Decision on approval for  Huong Linh...

Business

HCM City’s EVN to become digital business

Cập nhật 06/01/2020

HCM City’s electricity sector has set a target to become a digital business by adopting key technologies...

Production

Bình Thuận inaugurates Vĩnh Tân 4 thermal power plant

Cập nhật 23/09/2019

The Vĩnh Tân 4 thermal power plant, an urgent project helping to ease the electricity shortage in the...