Currently, EVN Genco2 is the parent company holding 51.92% of the capital TMP will receive a total of nearly 263 billion dong. In addition, REE Energy also owns 42.63% capital of Thac Mo Hydropower. This is the next company in the Genco 2 group to pay high cash dividends, after Pha Lai Thermal Power (HoSE: PPC) and Hai Phong Thermal Power (UPCoM: HND).
The highlight of the company’s 2020 operation is the completion of the investment project to build The 50 MWp Waterfall Solar Power Plant put into commercial operation on December 10, 2020, making the project effective due to enjoying FIT 2 price as prescribed by the Government, contributing to expanding the company’s production scale by 40.8 MW.
By 2021, the company plans to produce 681 GWh. Total revenue and profit after tax are expected at 563 billion and 226 billion, respectively, up 15% and 23% compared to the implementation in 2020. Investment plan for 2021 total 1,185 billion, mainly related to related to Thac Mo expansion project.
Source: ndh.vn – Translated by fintel.vn