The leaders of Pha Lai Thermo Power Joint Stock Co (coded PPC) announced lately that the company has already finished negotiating the electricity price for the period of 2010-2013 with the final price of 698 dong per KWh. Meanwhile, the other power producers such as Vinh Son Song Hinh Hydropower Joint Stock Co (VSH), Thac Ba Hydropower Joint Stock Co (TBC) haven’t completed negotiation process yet.
In the resolution that was approved in the latest annual general meeting (AGM), PPC aimed to reach targeted business plan, including total commercial electricity output of 5.395 billion KWh, total revenue of 4.08 trillion dong, pre-tax profit of 254 billion dong.
In Q1 of 2011, thermo power plant reported gaining total pre-tax profit of 171 billion dong. However, up to the end of March, the company’s debt in Japanese yen was posted at 31.56 billion yen.