PHA LAI THERMAL POWER JOINT STOCK COMPANY

PHA LAI THERMAL POWER JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN NHIỆT ĐIỆN PHẢ LẠI, stock code: PPC) is one of Vietnam’s longest-operating power generation enterprises. Incorporated on January 26, 2006, and publicly listed on the Ho Chi Minh Stock Exchange (HOSE), the company is headquartered at Km 28, National Highway 18, Pha Lai Ward, Chi Linh City, Hai Duong Province, Vietnam. Its tax code and business ID is 0800296853, and it employs around 900 staff members.

Operating under a joint stock company structure, PPC is majority-owned (51%) by Power Generation Joint Stock Corporation 2 (EVNGENCO 2), while other significant stakeholders include REE Energy Company Limited (23.72%) and Samarang UCITS – Samarang Asian Prosperity (8.8%).

Financial Overview (FY 2023):

• Total Assets: USD 237.37 million (▼0.03%)

• Total Sales: USD 238.85 million (▲10.16%)

• Profit After Tax: USD 15.62 million (▼23.55%)

• Equity: USD 205.86 million (▼2.99%)

• Charter Capital: USD 134.03 million

Although PPC recorded a solid 10% rise in total revenue in 2023, its net profit fell by 23.5% compared to the previous year, reflecting challenges in operational efficiency or rising input costs. However, the company remains financially robust, with substantial working capital and long-term equity stability.

The company’s leadership includes Mr. Nguyen Van Thuy (Chairman), Mr. Nguyen Van Tuan and Mr. Nguyen Hoang Hai (Vice General Directors), all of Vietnamese nationality.

Business Focus

PPC specializes in the manufacturing and distribution of electric power, as well as financial investment. As part of Vietnam’s strategic power infrastructure, Pha Lai contributes directly to the national electricity grid, reinforcing energy security and supporting industrial growth.

More information can be accessed via the official website: http://ppc.evn.vn.

With its strong equity base, strategic ownership by EVNGENCO 2, and active role in Vietnam’s power generation landscape, PHA LAI THERMAL POWER JOINT STOCK COMPANY remains a cornerstone in the nation’s energy future.