Thac Mo Hydro Power Company will sell 14 million shares or 20% of its total shares via auctions at the Ha Noi and Ho Chi Minh City securities trading centres on March 29.
The shares will be offered at an initial price of 20,000 VND each and the company is expected to raise 280 billion VND from the share sale, said its Director Nguyen Thanh Phu.
Founded on June 11, 1994, Thac Mo Hydro Power Company is a member of the Electricity of Viet Nam Group (EVN) with a chartered capital of 700 billion VND.
At present, the company is using the official development assistance from Japan to invest into the 75MW Thac Mo hydro power plant which is close to its existing power plant.
Once put into operation in 2011, the two plants' capacity will be raised to 225 MW. They can generate 739 million kWh per year to the national power grid.
Source: VNA
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