Electricity of Viet Nam (EVN) posted total electricity output and imports of 48.96 billion kilowatt hours in the first quarter of the year, representing 11.2 per cent yesr-on-year.

EVN on Thursday said it would manage to ensure stable electricity supply in the country in the first quarter of the year.

EVN has started construction of 28 power projects and has completed 41 power grids of 110-500kV capacity.

The group targets to meet the increasing power demand of 12.5 per cent in the second quarter of the year.

It will also continue to exploit thermopower and gas turbine power resources as well as ensure water supply for downstream regions. It aims to ensure stable operation of its thermopower plants, such as Vinh Tan 2, Vinh Tan 4, Duyen Hai 1 and Duyen Hai 3.

The group said it would continue to divest investment in its Power General Corporations (Gencos) in the upcoming time.

EVN implemented restructuring at Gencos in the first quarter of the year. Among the subsidiaries, Genco 3 started trading shares on the Unlisted Public Company Market on March 21 and is preparing for its first shareholders’ meeting.

It has submitted a report of Genco 2’s privatisation to the Ministry of Industry and Trade for approval.

On February 13, Prime Minister Nguyen Xuan Phuc approved EVN’s production and business plan for 2016-20.

EVN is under State ownership, with an expected charter capital of VND205.4 trillion by the end of this year. — VNS