AsemconnectVietnam - Accumulated in the first 7 months of the year, electricity production revenue is estimated at VND22,808 billion, equivalent to 57.17% of the yearly plan.

According to the report sent to investors, the electricity output of Power Generation Joint Stock Corporation 3 (EVNGENCO3 - stock code PGV) in July reached 1.27 billion kWh. Accumulated in the first 7 months of the year, the output completed 53.57% of the yearly plan, reaching 15.4 billion kWh.
With the above output, the electricity production revenue of the parent company EVNGENCO3 in July is estimated at VND1,620 billion. In the first 7 months of the year, electricity production revenue is estimated at VND22,808 billion, equivalent to 57.17% of the yearly plan.
In the power source structure, Phu My Thermal Power Company contributes the largest proportion (36.67%), followed by Vinh Tan Thermal Power Company accounting for 30.16%, Mong Duong Thermal Power Company accounting for 29.75% and Buon Kuop Hydropower Company contributing 3.42%. Power production is ensured to be safe and continuous, especially during the rainy and stormy season.
The coal supply for the Corporation's coal-fired power plants ensures electricity production. The average gas price paid for Phu My thermal power plants in July is lower than in previous months.
According to the plan set for August 2024, the Corporation's leadership set a target of electricity output of 2.079 billion kWh. Of which, the parent company's planned electricity output is 1.846 billion kWh. The electricity output of subsidiaries and associated companies reaches 233 million kWh.
At the same time, the Corporation will continue to proactively ensure fuel supply for electricity production in the last months of 2024 and the dry season of 2025, while implementing solutions to ensure the availability of generators, improve efficiency, reduce heat loss, and ensure safe, continuous and effective electricity supply. Hydropower plants will proactively regulate water downstream according to the correct process, exploit water effectively, and ensure the safety of dams during the rainy and flood season.
In August, EVNGENCO3 continued to research and promote investment cooperation in new power source projects, prioritizing green and clean power sources. The Corporation carried out the management of operation, maintenance, repair, and fuel for Phu My 3 Thermal Power Plant, ensuring safe and reliable operation of generators. At the same time, EVNGENCO3 is also carrying out related work to prepare to receive the management of operation, maintenance, and repair of Phu My 2.2 BOT Thermal Power Plant.
The Phu My 2.2 BOT project is also located in Ba Ria Vung Tau, invested by EDFI, Summit Global Management II B.V and TEPCI, with a capacity of 715 MW. The BOT contract was signed on September 18, 2001 and put into operation in 2005. February 4, 2025 is the deadline for handover to Vietnam after the 20-year contract expires. Previously, EVNGENCO3 Power Plant Repair Service Company (EPS) - a member unit of Power Generation Corporation 3 was assigned the task of managing the operation, repair and maintenance (O&M) of Phu My 3 Power Plant from 0:00 on March 1, 2024. Phu My 3 Power Plant is the first power plant project in Vietnam invested in the form of build - operate - transfer (BOT), invested by a joint venture of Sembcorp (Singapore), Kyuden International Corporation and Sojitz Corporation (Japan). The acquisition of Phu My 3 Power Plant has increased the total capacity of power plants managed, operated, maintained and repaired by EPS nationwide to 7,418 MW.
At the close of trading session on August 26, PGV's stock price closed at VND21,600/share, equivalent to a capitalization of VND24,266 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan