**EVNGENCO3’s Impressive Performance in the Electricity Production Sector in 2024**
Services
EVNGENCO3 successfully accomplishes its electricity production goals for 2024
In 2024, the total electricity production of the Corporation reached 26.437 billion kWh, achieving 91.95% of the plan approved by the General Meeting of Shareholders. The plants operated stably, meeting the mobilization needs of the power system, especially during the peak months of the 2024 dry season, contributing to the completion of the task of providing electricity for socio-economic development and serving the needs of the people.
EVNGENCO3 has achieved most of its economic and technical targets as planned by implementing a range of synchronized solutions, including reducing heat loss, improving the availability factor of hydropower plants, and decreasing the self-consumption ratio of coal-fired and hydropower plants…
 Buon Tua Srah Hydropower Plant – A Member Unit of EVNGENCO3
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As a result, the company’s mother’s revenue from sales and provision of services in the fourth quarter reached VND 11,014 billion. Gross profit from sales and provision of services was VND 991 billion, an increase of VND 521 billion, mainly due to electricity sales volume being higher by 588.77 million kWh compared to the same period in 2023.
Financial lease debt continues to decrease
As of December 31, 2024, EVNGENCO3’s asset scale reached VND 52,917 billion. The capital structure continued to improve as payables at the end of 2024 decreased by more than 6% compared to the beginning of the year. Specifically, short-term and long-term financial lease loans decreased by a total of VND 4,005 billion, to VND 31,759 billion. In recent years, EVNGENCO3 has consistently worked to reduce its loan debt. Compared to the end of 2018 – the time after the Corporation completed its equitization and listed its shares – financial lease debt has been reduced by almost half.
On December 31, 2024, the State Capital Management Commission approved the settlement of the equitization of the Parent Company of Power Generation Corporation 3 – Joint Stock Company, which is an important premise for EVNGENCO3 to implement its restructuring to create resources for investment and development in the coming time.
As of the trading session on January 24, 2025, PGV shares were trading at VND 19,400 per share, with a market capitalization of VND 21,795 billion.
Minh Tai
– 17:44 25/01/2025
Industrial Production in 2024: Surpassing Targets
Surmounting numerous challenges, industrial production in 2024 achieved an impressive 8.4% growth rate. This figure not only surpasses the initial target set at the beginning of the year (a planned increase of 7-8%) but also marks the highest growth rate in the period from 2020 onwards.
EVNGENCO3: Top 20 Annual Reports for Non-Financial Sector in 2024
On November 16, 2024, at the Listed Companies Forum and Awards Ceremony for the 2024 Enterprise Listing Contest, Power Generation Corporation No. 3 JSC (Stock Code: PGV) was honored to receive the Top 20 Best Annual Report award in the non-financial sector category.
The Industrial Production Index in August 2024 Surges: A Robust 2.0% Month-Over-Month Increase.
Industrial production in August continued its positive growth trend, with an estimated increase of 2.0% compared to the previous month and a 9.5% rise from the same period last year. This marks a consistent upward trajectory, as the eight-month estimate for 2024 shows a solid 8.6% industrial production index growth year-on-year.
The Rainy Season’s Conundrum: Northern Vietnam Faces a Dual Challenge of Abundant Rainfall and Looming Power Shortages
The energy reserves are typically low towards the end of the dry season, which puts the Northern region at risk of peak power shortages during certain periods.
