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The General Director of PVN supports PV Power to invest in renewable energy

The General Director of PVN supports PV Power to invest in renewable energy - 

Vietnam Petroleum Group (PVN) informed on its portal that, at a working meeting with PV Power, PVN General Director Le Manh Hung has just agreed and supported this Corporation to invest in the renewable energy (wind and solar power) projects.

PVN General Director Le Manh Hung at the working meeting with PV Power

At the meeting, Mr. Le Nhu Linh, General Director of PV Power reported about the production and business activities in the first 7 months of 2019 such as implementing stable technical and O&M management in the power plants to meet requirements of the Dispatching Center of National Power System (A0), strictly complying with current regulations on environment and participating in electricity market with high results.

The production and business results of PV Power were satisfactory as reaching the electricity output of 13.280 billion kWh, equal to 103% of the first 7 months plan and 62% of the year (2019) plan, the total turnover of 20,848.6 billion VND, equal to 107% of the first 7 months plan and 64% of the year plan, and the profits after tax of 1,822.4 billion VND, equal to 139% of the first 7 months plan and 80% of the year plan.

With the encouraging successes achieved in the first 7 months of the year, leaders of PV Power committed to determine and endeavor to complete the tasks of the last 5 months of the year with an electricity output of more 8,143 billion kWh, turnover of 13,260 billion VND and profits after tax of 748 billion VND, and strive to early finish several important production targets of 2019.

Reporting about information related to the ongoing projects, as well as the development orientation in the coming period, Mr. Le Nhu Linh said, PV Power is expected to invest in developing renewable energy projects (wind power, solar power, etc.), as well as to promote investment in power projects using LNG in the base to advantage the current strengths of PV Power. Besides, it is to continuously strengthen restructure activities and build PV Power to become a strong, effective industrial – services corporation with a high competing ability in the fields of supplying electricity, and relevant products and services.

General Director Le Manh Hung acknowledged, appreciated and praised the achievements of PV Power in the first 7 months of 2019 and expressed his agreement with the proposal of PV Power to invest in renewable energy projects. PVN will support and create all the favorable conditions for PV Power to carry out these projects.

VietnamEnergy.vn

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