Power Group sells stakes in companies

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Power Group sells stakes in companies

Power Group sells stakes in companies, EVN, Electricity of Vietnam, SOEs in vietnam, vietnam economy, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, Vietnam net news, Vietnam latest news, Vietnam breaking news

The group, also known as EVN, auctioned 40 million shares of An Binh Joint Stock Bank (ABBank) and unloaded all its shares in the An Binh Securities JSC besides cutting its stake at EVN Finance JSC from 40 per cent to 15 per cent.

According to the first plan, the electricity supply would still mainly depend on Vinh Tan 2 and Duyen Hai 1 thermopower plants.

It is expected that the power transmission output for the whole of next year would be 13.27 billion kWh. The highest output would be 1.5 billion kWh while the lowest would be 500 million kWh.

EVN said they would facilitate the construction of key power projects, enhancing maintenance of turbines and improving people's awareness on electricity saving.

The country saved 2.6 billion kWh this year, which was equivalent to 2.2 per cent of the commercial power production, EVN said. VNS


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