According to documents of the 2022 Annual General Meeting of Shareholders of Gia Lai Electricity JSC (HoSE: GE...
According to documents of the 2022 Annual General Meeting of Shareholders of Gia Lai Electricity (HoSE: GEG), the company plans to achieve total revenue of VND 2,073 billion. profit before tax is 400 billion dong, up 37% and 8.4% respectively compared to the performance in 2021.
The Board of Directors also proposed to shareholders a plan to issue an additional 57.6 million shares to pay dividends, issue ESOPs and offer to existing shareholders. Specifically, Gia Lai Electricity will issue an additional 18.2 million shares to pay a dividend of 6%. Besides, Gia Lai Dien also proposed to issue 9.1 million ESOP shares for employees at the price of 11,000 VND/share. The number of new ESOPs is equivalent to 3% of the number in circulation at a price 59% lower than the closing price on April 6 and is restricted from being transferred for 1 year.
In addition, the company will also offer an additional 30.3 million shares to existing shareholders at the ratio of 1000:94 at the price of VND 14,000 per call option. Shareholders can transfer the right to buy to another person but not to a third party. Total proceeds of 425.2 billion VND were invested by Gia Lai Electricity in the Tan Phu Dong 1 wind power plant project, the implementation time is in the fourth quarter of this year or the first quarter of 2023. Through the issuance of shares, the company's charter capital was raised to 3,604 billion dong.
The company will promote the search for potential renewable energy projects for investment and M&A deployment.
In 2022, the Board of Directors advocates focusing on technical improvement, optimizing the operation of existing power plants, developing towards providing technical services, testing, operation management... to power plants outside. outside. At the same time, Gia Lai Power will also promote the search for potential renewable energy projects to deploy investment and M&A to diversify types of development as well as increase capacity.
According to the forecast of the Board of Directors of Gia Lai Electricity, this year's electricity consumption is expected to recover the growth rate. Besides, the contribution from renewable energy is forecasted to continue to grow in the coming time when the grid systems are gradually completed. To ensure resources to implement the development strategy, the company will increase capital mobilization activities from partners in the market, seek opportunities to restructure loan sources to optimize capital costs, improve financial capacity to serve the development of wind and solar power projects, expand to waste electricity, rice husk power, biomass power... in the future investment portfolio of enterprises concentrated in the region the Western provinces and Dong Nai.
Regarding business results in 2021, the company's revenue was flat compared with the previous year to reach 1,510 billion dong, profit after tax increased by 10% to 325 billion dong. As a result, revenue was only 82% of the plan, but profit increased by 10%.
Last year, Gia Lai Electricity put into operation 3 wind power plants with total capacity of 130 MW with preferential prices FIT 1 8.5 cents/kWh for Gia Lai IAB plant and 9.8 cents/kWh for VPL1 Ben Bamboo and TPT 2 Tien Giang. The enterprise's total power generation capacity of various types of renewable energy reached 545 MWp, an increase of nearly 6 times in recent years and spread over 14 provinces. The electricity output of the whole system in 2021 will reach 783 million kWh - up 9% over the same period.
Via Người Đồng Hành