Vietnam: PV Power prepares for August IPO

Vietnam: PV Power prepares for August IPO

PetroVietnam Power Corporation (PV Power) will make its initial public
offering (IPO) this August, the electricity producer announced.

The Ministry of Industry and Trade has approved the business valuation of
the company, said a representative of PV Power. It has worked to devise an
equitisation plan and seek strategic investors for the IPO.

PV Power is a wholly-owned unit of the Vietnam Oil and Gas Group, with
current charter capital at 21.7 trillion VND (958.7 million USD).

Established in May 2007, PV Power operates eight power plants with combined
capacity of over 4,208 MW.

It generates more than 16 billion kWh of electricity annually, 15 percent of
the nation's electricity.

During its 10-years of operation, PV Power has provided 136 billion kWh of
electricity to the national grid, earning 8.6 trillion VND (378.6 million
USD) of profit.

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Link to Original Article:
http://english.vietnamnet.vn/fms/business/177155/pv-power-prepares-for-augus
t-ipo.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com