LAO CAI POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION

LAO CAI POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION: A Strategic Unit in Vietnam’s State Power Grid

LAO CAI POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION (CÔNG TY ĐIỆN LỰC LÀO CAI - CHI NHÁNH TỔNG CÔNG TY ĐIỆN LỰC MIỀN BẮC) is a key state-owned enterprise engaged in architectural and engineering consultancy services related to power infrastructure. Operating under tax code 0100100417-020, the branch is located at Tran Hung Dao Boulevard, Nam Cuong Ward, Lao Cai City, Lao Cai Province, Vietnam, and functions under the umbrella of the Northern Power Corporation, one of Vietnam’s principal electricity distribution entities.

Established on May 25, 2010, the Lao Cai Power Company (PCLK) plays a crucial role in maintaining the regional electricity grid and executing infrastructure projects in the mountainous northern province of Lao Cai. The branch is managed by Mr. Nguyen Anh Tuan, who is listed as the legal representative.

Financial Overview and Operational Scale

As of 2023, LAO CAI POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION recorded USD 180.72 million in sales, a decline of 14.83% from the previous year. This marks a significant contraction, possibly due to reduced electricity demand, delayed infrastructure projects, or shifting consumption patterns in the region. At the same time, the company posted a net loss of USD 9.98 million, representing a nearly 86% increase compared to 2022, when it recorded a smaller loss of USD 5.37 million.

Total assets stood at USD 64.55 million, down 6.83% year-over-year, while equity increased modestly by 3.43% to USD 34.38 million. Despite operating under budget constraints, the branch maintains a positive net worth, allowing it to continue its role in maintaining power services across Lao Cai Province.

Strategic Role in Vietnam’s Power Sector

As a direct extension of the state-owned Northern Power Corporation, LAO CAI POWER COMPANY is not a profit-oriented commercial entity, but rather a public utility service provider. Its registered and operational activities are focused on architectural and engineering services, particularly those that support the design, construction, and maintenance of electricity distribution infrastructure.

Given Lao Cai's position as a border province with economic development priorities and complex terrain, the power company’s presence is critical to infrastructure development, cross-border trade energy supply, and rural electrification. Its technical consultancy and project implementation expertise contribute directly to the broader mission of energy security and rural connectivity in northern Vietnam.

Although its recent financials reflect strain, LAO CAI POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION remains a vital pillar in Vietnam’s energy landscape. Its continued operation ensures stable electricity services in a strategic region. For verified business information, in-depth financial reports, or public sector project assessments, rely on VANGUARD BUSINESS INFORMATION LLC (VBI)—Vietnam’s trusted source for public enterprise intelligence and risk evaluation.