Vietnam establishes 3 power generation firms
Three power generation companies in Vietnam will be established s to take over electricity generating plants directly under the Electricity of Vietnam.
Minister of Industry and Trade Vu Huy Hoang has approved the establsihement of Genco 1, 2 and 3.
Uong Bi Thermal Power Co Ltd in northern Quang Ninh Province will be the backbone for Genco 1 managing big hydropower plants like Dai Ninh, Ban Ve, Song Tranh, and Dong Nai, and the shares of the Electricity of Vietnam or EVN at Quang Ninh Thermal Power Plant and some other thermal project management boards nationwide.
Genco 2 is the upgrade of Can Tho Thermal Power Co Ltd managing the hydropower plants of Quang Tri and An Khe KaNak, the thermal power plants of Thu Duc, Hai Phong, Pha Lai and a number of other management boards.
The last one, Genco 3, was established on the basis of Phu My Thermal Power one member limited liability company and 11 affiliates including Buon Kuop Hydropower Plant, and the thermal power plants of Vinh Tan, Ba Ria and Ninh Binh.
The three generation companies will remain under EVN and had their personnel appointed by EVN.