EVNGENCO 2’s equitisation plan approved

31/12/2020 10:11:35 - views: 611

The Prime Minister has signed a decision approving an equitisation plan designed for the Power Generation Corporation 2 (EVNGENCO 2), a subsidiary of the Vietnam Electricity (EVN).
 
Illustrative photo (Source: VNA)
 
The Prime Minister has signed a decision approving an equitisation plan designed for the Power Generation Corporation 2 (EVNGENCO 2), a subsidiary of the Vietnam Electricity (EVN).
 
Under the plan, part of the company’s State capital owned by EVN will be sold to reduce the EVN’s stake to 51 percent from the current 100 percent.
 
The date set for EVNGENCO 2’s initial public offering will be no later than February 17 next year. The company do not have to carry out its evaluation process again.
 
EVNGENCO 2 is among the six State corporations due for equitisation this year.
 
The company was established in 2012 with a charter capital of 11.7 billion VND. Vietnam Electricity (EVN) holds 100 percent of its charter capital.
 
Its value was determined at 46.1 trillion VND (nearly 2 billion USD) as of January 1, 2019, of which the real value of State capital is more than 26.6 trillion VND.
VietNamPlus

 Gửi ý kiến phản hồi

Họ và tên Email
Tiêu đề Mã xác nhận

News

GS Energy proposed PVN to test 'green ammonia' for replacing coal fuel

Cập nhật 06/08/2022

Recently, in Hanoi, Mr. Hoang Quoc Vuong – PVN Chairman and Mr. Le Manh Hung – PVN General Director...

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

Powering 220 kV transformer substation for BIM Wind Power Project

Cập nhật 17/08/2021

Power Engineering Consulting Joint Stock Company 1 (PECC1) informed that at 10:00 am on August 15,...

Business

HCM City completes power supply to COVID-19 treatment hospitals

Cập nhật 16/07/2021

Hoc Mon and Binh Chanh power companies of the Ho Chi Minh City Power Corporation (EVN HCMC) have completed...

Production

EVN puts 96 power transmission projects into use in 10 months

Cập nhật 12/11/2021

The Electricity of Vietnam (EVN) put 96 power transmission projects ranging from 110-500kV into operation...