**PV Power Records Impressive Business Results in May 2025**
Vietnam Petroleum Power Joint Stock Corporation (PV Power) has announced its estimated business results for May 2025.
The company reported a remarkable performance with a power output of approximately 1.807 billion kWh and revenue estimated at VND 3,384 billion, surpassing the monthly plan by 7%. Cumulative revenue for the first five months of the year stood at VND 14,993 billion.
Despite the full-part market electricity price (FMP) averaging VND 1,181 per kWh in May 2025, the lowest in the last three years, PV Power’s business results remained positive. The company attributed its success to the surge in electricity demand due to scorching weather conditions, with average temperatures rising by 0.5 – 1°C compared to previous years.
Regarding the performance of individual power plants in May 2025, PV Power shared that the Ca Mau 1&2 Power Plant maintained its gas supply to meet the contracted output (Qc). The plant closely monitored the market to offer competitive prices, ensuring Qc and maximizing profits during peak hours.
PV Power is also collaborating with Vingroup to expand the electric vehicle charging infrastructure. In November 2024, they inaugurated their first pilot charging station in Hanoi (6 Huynh Thuc Khang). The company aims to establish 1,000 charging stations nationwide by 2035.
As a subsidiary of the Vietnam Oil and Gas Group (PVN), holding 79.94% of its capital, PV Power is the largest power generator outside of EVN and boasts the highest market capitalization in the electricity sector on the stock exchange.
