Renewable energy is becoming a Global trend and TTC Energy segment is catching up with it. By far, TTC is one ...
Revenue and profit growth sustainability from porfolio of various projects of renewable energy segments.
Gia Lai Energy Company (GEC), stocks code GEG – UPCOM considered the leader in Energy segment of TCC, currently owns the plan list of several Hydrolic and Solar energy power plants with total capacity of 84 MW and 215 MWp from operating plants and processing ones. GEC’s porfolio is taking up the biggest part of TTC Energy segment. Continuing to demonstrate steady performance over many years when in Quarter 3 of 2018, the Company exceeded its planned revenue and profit in which profit after tax of first 9 months achived 134 billions, approximately 90% of 2018 plan.
Safeliquidity ratio with reasonable capital structure
In September 30th,2019, total assets of GEC reaches 3.242 billions, strongly increase by 95% compared with the beginning of the year, especially the monetary and others equivalent to monetary are equal to 1,262 billions, incrased by 466% compared to the beginning of the year thanks to additional cash flow comes from capital increasing and asset enhancement of Solar power energy projects.
Enhancing capital, expanding size to continue strategic plan to build up Solar energy power plants
Besides 4 currently deploying Solar energy power plants, GEC is preparing to operate potential Solar energy power plants and is also a pioneer in experimental running the very first Solar energy power plants in Vietnam. September 2018, GEC increased its charter capital to 1,928 billions, reaches 99% compared to the end of last year after publishing about 97 millions shares for current shareholders. Mobilized capital is used to invest in Solar energy power plants owns by GEC as main investor and contributed to other plans from subsidiaries companies.
Pioneer to operate first Solar energy power plants in Vietnam, sustainable growth prospect
In September 25th 2018, the first Vietnamese Solar energy power plant – TTC Phong Dien invested by GEC was officialy operated in Hue and commercially operated after 9 months of constructing and installing equipments. This one has capacity approximately 60 millions kWh/year and average revenue of 128 billions Dong. Expected in November 2018, the Company will officially put the second Solar energy power plant TTC Krong Pa into action with total capacity of 69 MWp. Once fully operated, it will provide the capacity around 103 kWh/year with annual average revenue of 220 billions Dong.
In 2019, the Company expects to operate additional 2 Solar energy power plants which are Duc Hue 1 Long An 49 MWp, Ham Phu 2 Binh Thuan 49 MWp. Beside that, the Company keeps investing in new projects at provinces and city with potentials to develop Solar energy segmen, aiming to increase production capacity, maintain growth rate, steady profit and leverage value of GEC brand which is appreciating as highly potential in Vietnam.
Via 24h