EVNGENCO3 ensures a stable ‘background’ power supply in the dry season
As one of the main power sources running on the background, electricity from EVNGENCO3 has contributed significantly to the national electricity system. It is known that in May, the national electricity system’s load increased due to intense heat on a large scale.
According to the investor newsletter in May 2023 just announced by Power Generation Corporation 3 (EVNGENCO3, HoSE: PGV), in May 2023, EVNGENCO3’s electricity output reached 3,272 million kWh, equivalent to 111% of the plan. month.
As one of the main power sources running on the background, the amount of electricity from EVNGENCO3 has contributed significantly to the national power system. It is known that in May, the electricity system’s load increased due to intense heat on a large scale. The total electricity output of the whole system in the past month reached 25.24 billion kWh, an increase of more than 8% compared to the same period in 2022.
Accumulated in the first 5 months of 2023, EVNGENCO3’s electricity output reached 13,844 million kWh, equivalent to 105% over the same period in 2022 and achieved 43% of the 2023 plan expected to be submitted to the Annual General Meeting of Shareholders. Gas thermal power plants continue to mobilize high, coal power plants mobilize according to the needs of the system. Hydroelectric power plants ensure electricity supply and water supply demand in downstream areas.
According to estimates from EVNGENCO3, the parent company’s revenue of electricity production in May 2023 reached VND 5,534 billion, up 54% compared to the same period in 2022. Accumulation in 5 months is estimated at VND 21,720 billion, up 21% compared to accumulated for the first 5 months of 2022.
Phu My Thermal Power Company continues to contribute the highest proportion (18.73%) in the revenue structure of power generation, followed by Mong Duong Thermal Power Plant (12.92%), Vinh Tan Thermal Power Plant, respectively. (12.90%) and Buon Kuop Hydropower Company (1.46%).
In June 2023, EVNGENCO3 said that it plans to generate 2,839 million kWh of electricity, of which 2,558 million kWh is from the parent company and 281 million kWh is from subsidiaries and affiliates. The Corporation said that it will ensure the availability of power units; actively work with supply partners to increase volume and ensure fuel (coal, gas, oil) for thermal power plants to operate according to the power system demand during the peak dry season and the whole year 2023.
According to EVNGENCO3’s side, in the first months of 2023, the hydrological situation is not favorable, the amount of water in hydropower reservoirs is much lower than the same period in 2022, it is expected that in June, hydropower plants will continue to operate. operate according to the amount of water coming in and ensure water supply downstream. At the same time, continue to conduct research and promote investment cooperation in new power source projects.
In June, Vinh Tan 2 coal port of EVNGENCO3 is expected to officially receive ships with a tonnage of up to 50,000 DWT after upgrading from a tonnage of 30,000 DWT.
Another important event of this corporation in June is the 2023 Annual General Meeting of Shareholders taking place on the 15th.