Accordingly, Gia Lai Electricity JSC will invest in the Ia Bang 1 wind power plant project in Gia Lai province...
Accordingly, Gia Lai Electricity JSC will invest in the Ia Bang 1 wind power plant project in Gia Lai province, with a capacity of 50 MW. Gia Lai Electricity JSC through Ia Bang Wind Power Joint Stock Company, a subsidiary of Gia Lai Electricity JSC (holds 99% of charter capital).
Similarly, Gia Lai Electricity JSC through Tien Giang Wind Power Joint Stock Company to build awind power plant project Tan Phu Dong 1 in Tien Giang province, with a capacity of 100 MW.
This business is entering the stage of accelerating the implementation of wind power projects to promptly put into operation before November 1st, 2021 in order to enjoy an attractive price of 9.8 US cents/kWh for sea projects and 8,5 cents/kWh for a land project.
In November 2019, Gia Lai Electricity’s Board of Directors approved the purchase of the V.P.L Ben Tre wind power project, with a capacity of 70 MW. In which, phase 1 (2017-2020) implements 30 MW with a total investment of phase 1 of 1,320 billion VND (before VAT), equivalent to an investment rate of VND 44 billion/MW, phase 2 (2019 -2021) implement 40 MW.
In 2020, GEG goals achieve a commercial output of 692 million kWh, of which, hydroelectricity accounts for 36%, and solar power 64%. Target net revenue is VND 1,523 billion and target profit is VND 320 billion, up 31% and 15% respectively compared to the 2019 performance.
In the first half of the year, Gia Lai Electricity JSC recorded VND 605 billion in net revenue, up 18% and completing 40% of the year plan; EAT is VND 141 billion, down by 10% and fulfilling 44% of the year plan.
In addition, this enterprise is also expected to offer 50.97 million shares at the price of 10,000 VND per share to existing shareholders at a ratio of 4:1, the expected time from the end of the annual general meeting of shareholders 2020 to the end of the first quarter of 2021.
Via Stockbiz