The Ministry of Industry and Trade has approved the business valuation of the company, said a representative of PV Power. It has worked to devise an equitisation plan and seek strategic investors for the IPO.
The Ca Mau 1 Power Plant of PV Power. |
PV Power is a wholly-owned unit of the Vietnam Oil and Gas Group, with current charter capital at VND21.7 trillion (US$958.7 million).
Established in May 2007, PV Power operates eight power plants with combined capacity of over 4,208 MW.
It generates more than 16 billion kWh of electricity annually, 15% of the nation’s electricity.
During its 10-years of operation, PV Power has provided 136 billion kWh of electricity to the national grid, earning VND8.6 trillion (US$378.6 million) of profit.
