Investors Propose to ReduceState Shares at 3 Power Plants
The Vietnam Association of Financial Investors (VAFI) proposed Electricity of Vietnam (EVN) reduce the state-owned stake in three power plants to seek capital for investment.
In the proposal sent to the EVN, VAFI said that EVN could mobilize around VND1.5 trillion (US$95 million) if it sold up to 49 per cent of the stake of the Thac Ba and Vinh Son-Song Hinh Hydropower Plants and the Pha Lai Thermal Electricity Plant.
Currently, EVN’s stake in these companies is 75 per cent, 60 per cent and 75 per cent respectively, which is considered too high.
With the proposed 51 per cent stake, EVN – the sole power provider in the country – will still control its activities in these companies.
EVN is also planning to privatize four other plants.
This year, EVN is estimated to need around VND20 trillion (US$1.27 billion) to develop its power projects.
Securities Investment
Vietnamese
