EVN plans to do IPO for EVNGenco1 and 2 in early 2019

In September, Vietnam Electricity (EVN) plans to continue implementing equitization steps for power generation corporations (EVN Genco) 1 and 2 after obtaining the guidance of the Prime Minister and related ministries; continue withdrawing the state capital from some joint stock companies including: Dong Anh electrical equipment, EVN Finance; Power Engineering Consulting JSC 3, 4 and Thuan Binh Wind Power.

Regarding equitization of EVNGenco1 and EVNGenco2, EVN has reported to the Ministry of Industry and Trade about the plan and schedule for equitization and the Ministry has proposed the Prime Minister to be allowed to do equitization in early 2019.

In September, EVN aims to reach the average electricity consumption of the whole system of 616.9 million kWh/day. The maximum load capacity is expected to be 32,100 MW.

Regarding construction and investment of power sources, in September 2018, EVN plans to complete some work items to ensure favorable conditions for vessels of 50,000 tons to enter the port and expects to get PAC issuance for unit 1 of Vinh Tan 4 Thermal Power Project. At the same time, EVN shall accelerate the consumption of ash and slag at Vinh Tan Electricity Center; ensure the schedule of electricity connection test of Extended Duyen Hai 3 Thermal Power Project.

Regarding the power grid, in September 2018, EVN will continue to implement measures to ensure the schedule of some grid projects (500 kV, 220 kV, 110 kV) such as the projects at power plants of Vinh Tan Electricity Center. In addition, EVN shall complete Nghia Lo - Ba Khe 110 kV line; Can Duoc 220 kV station and finish procedures to start building Kien Binh - Phu Quoc 220 kV transmission line; accelerate the progress of the project of upgrading Yen Phu 110 kV station and Tay Ho - Yen Phu, Thanh Cong - Thuong Dinh 110 kV underground cable lines.