Thursday, April 12, 2007

EVN seeks 875 mio US$ for new facilities

The Electricity of Viet Nam (EVN) Group is seeking for at least 14,000 billion VND (875 million USD) for new power facilities in 2007.

EVN said it plans to get this needed capital from shareholders in its 30 new joint stock companies, which will go public soon. Of the 32 new companies, 24 will be involved in generating power.

Observers believe this sum will ease EVN's capital demands necessary for the construction of new power plants.

It is predicted that the country will cope with severe shortage of power this summer.

Source: VNA

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