Northern Power Service Joint Stock Company goes public

25/10/2007 00:00:00 - views: 2,443

Northern Power Service Joint Stock Company (NPS) has the shareholders namely EVN with 30% of capital, Pha Lai Thermal Power Joint Stock Company with 15%, Uong Bi Thermal Power Company with 10%, Hai Phong Thermal Power Joint Stock Company with 10%, Quang Ninh Thermal Power Joint Stock Company with 10%, Ninh Binh Thermal Power Joint Stock Company with 5%, Dong Anh Electrical Equipment Manufacturing Joint Stock Company with 5%, Mechanical Power with 5%, LILAMA 69-9 Joint Stock Company with 5%.

The introduction of Northern Power Service Joint Stock Company

 Recently, in Pha Lai, Hai Duong province, Northern Power Service Joint Stock Company (NPS) has organized its official opening ceremony. Mr. Nguyen Huu Bang, Chairman of the Management Board and President of NPS said that: “In order to improve the competence of supplying professional repair and maintenance services in large scale for thermal power plants in the North, Vietnam Electricity has approved the project and come to a decision of establishing Northern Power Service Joint Stock Company. NPS has the functions of regularly repairing and maintaining equipments for thermal power plants in the North; manufacturing mechanic, thermal and electrical equipments for power plants; and integrating with domestic and foreign partners to expand its business and production to other advantageous areas. 

To date, with the total of 631 staff members transferred from Pha Lai Thermal Power Joint Stock Company, of which there are more than 200 high-ranking skillful workers and nearly 100 engineers of various technical specialities such as electric equipments, high-tech automatic control system, turbines, generators, steam boiler’s thermal equipments; problems’ diagnostic, warning and overcoming; and complex unit processing, etc., NPS can entirely make sure of the maintaining, repairing and experimentally adjusting work of coal-fired thermal power units with enormous capacity of 110 MW and 300 MW. As the first step, economic contracts and business and production plans for the last 6 months are established, including 5 economic contracts valued at over VND 40 billion. 

In the plan of construction investment, NPS is completing necessary procedures to start constructing workshops in Pha Lai town, Hai Duong province; crafting strategy towards setting up member factories in Uong Bi in quarter IV/2007 to prepare for 300MW unit of Uong Bi extension plant. NPS will step by step create the active situation in approaching the market of repairing and maintaining thermal power companies in the North, expanding the repairing service market to power plants of companies belonging to Coal sector and other units; continuously speeding up business industries like alternative accessory manufacturing, assembly line of concrete additive derived from invert and so on. The main objective of NPS is to become the leading unit that provides repair and maintenance services for thermal power constructions in the North, making sure that it will be possible for the Company to compete with domestic as well as overseas enterprises in the field of repairing and maintaining thermal power plants. 

 

From Power Electricity Magazine, Vol. 9 - 2007

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