EVN continues the equitization roadmap for EVNGENCO1 and EVNGENCO2

Following the planned public offering of the Power Generation Corporation 3 (EVNGENCO3), the Electricity of Vietnam (EVN) will continue equitising the remaining two generations of EVNGENCO1 and EVNGENCO2.


Gencos (inllustrating images)
 In January, EVN and EVNGENCO3 quickly completed procedures to prepare for Initial Public Offering (IPO) of EVNGENCO3, and international seminars were held to introduce opportunities to invest in EVNGENCO3 (Roadshow) in Singapore, Hanoi and Ho Chi Minh City.
 On February 9th, 2018, the initial public offering of EVNGENCO3 was made on the Ho Chi Minh Stock Exchange. EVN expects potential investors to share cooperation opportunities and participate in investing in EVNGENCO3's shares. In addition, EVN continues to carry out the equitization of EVNGENCO1 and EVNGENCO2; simultaneously submit for the Ministry of Industry and Trade’s approval for EVN’s starting price and divesting capital plan at the Dong Anh Electrical Equipment Manufacturing Joint Stock Company; carry out the procedures for selling the remaining shares of EVN at the EVN Finance Joint Stock Company (EVNFinance).
In the first quarter of 2018, it is to ensure the completion of the construction of important works such as the 500kV transmission line from Vinh Tan to Song May, Lai Chau 500kV transformer station; improve capacity of Son La 500kV substation and 220kV substations in Phu Tho, Luu Xa, Phong Dien and Dak Nong; 220kV line in Dong Hoi - Dong Ha – Hue; install equipment for 220kV substations in Vung Tau, Uyen Hung, Duc Hoa.