Sign up | Log in



Home>>Daily News>>Vietnam>>Investment>>Foreign investors keen on Genco 3’s privatisation

NEWS UPDATES Asean Affairs   January 17, 2018  

Foreign investors keen on Genco 3’s privatisation

Electricity of Việt Nam (EVN) said on Monday it received formal registrations from foreign investors to buy 36 per cent charter capital at the Power Generation Corporation 3 (Genco 3).

According to Genco 3’s privatisation roadmap approved by the Government, the deadline for receiving registrations of strategic investors was 11.30pm on January 15.

EVN said it held a roadshow in Singapore last Friday to seek foreign strategic investors who had the financial capability and strength to manage and operate power plants.

According to EVN, 19 regional and global investors such as Ratchaburi, Nebras Power, GS Energy Corporation, Siemens AG, GE Capital, Itochu, China Datang Power, Keppel Infrastructure and Osaka Gas as well as prestigious financial institutions and law firms such as Mizuho and Hogan Novells participated in the event.

The foreign investors were interested in issues pertaining to power purchase agreement, share-selling roadmap to strategic investors, deposits, share price, Genco 3’s development plan in the future and purchasing contracts of gas and coal.

Some of the foreign investors hoped to become Genco 3’s strategic partners and committed to submit their applications before the deadline.

Earlier on January 5, EVN had announced in the media that it was seeking strategic investors for Genco 3.

Genco 3 will put up more than 267 million shares, accounting for 12.8 per cent of its charter capital, for sale in its initial public offering (IPO) in February. The shares will be listed on HCM Stock Exchange, with an initial auction price of VNĐ24,600 (US$1.08) a share.

Genco 3’s charter capital is worth VND 20.8 trillion, 51 per cent of which will be owned by EVN. EVN will divest its capital at Genco 3 to less than controlling level after 2019 if EVN and the corporation were successful in restructuring the latter’s debts and negotiating with lenders.

Genco 3 is one of the three power generation corporations under EVN’s management. It has a capacity of 6,304MW, accounting for 16 per cent of the country’s total electricity generation. It has been the strongest unit among EVN’s power generation corporations.

After Saigon Beer, Alcohol and Beverage Corporation, Genco 3 was the second State-owned enterprise that organised a roadshow in Singapore.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

  Today's  Stories                        January 17, 2018 
• VAMC lowers rate on purchased bad debts Subcribe: Asean Affairs Global Magazine
• Indonesia's first wind farm 90% complete: PLN Subsribe Now !
ADB extends $105M in loans, grants to PHL infra projects
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

Foreign investors keen on Genco 3’s privatisation
IDX trading not affected by mezzanine collapse: OJK
Asean Analysis                  October 27,  2017
• Asean Analysis October 27, 2017
Southeast Asia from Scott Circle: Indonesian Presidential Politics Begins to Heat Up 18 Months before Elections
Advertise Your Brand

Asean Stock Watch   January 16 ,  2018

• Asean Stock Watch-January 16, 2018
The Biweekly Update
• The Biweekly Update  October 27, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand