POWER GENERATION CORPORATION 1

POWER GENERATION CORPORATION 1 (TỔNG CÔNG TY PHÁT ĐIỆN 1) is a state-owned enterprise in Vietnam, primarily engaged in electric power generation and investment in power projects. The company was officially registered on December 10, 2012, under Business ID 5701662152, with its headquarters located at No. 22, Duong Dinh Nghe Street, Yen Hoa Ward, Cau Giay District, Ha Noi City, Vietnam. The company operates under the one-member limited liability company legal structure and is fully owned by Vietnam Electricity (EVN).

The key personnel of POWER GENERATION CORPORATION 1 include Mr. Nguyen Tien Khoa, who serves as the Chairman, and Mr. Nguyen Huu Thinh, the General Director. Additionally, Mr. Tran Viet Anh holds the position of Deputy General Director. The company employs approximately 3,000 individuals across its various locations.

Financially, POWER GENERATION CORPORATION 1 has demonstrated stable growth. As of December 31, 2023, its total assets amounted to USD 3.34 billion, reflecting a 5.27% year-over-year increase. The total sales reached USD 1.45 billion, growing by 3.85% compared to 2022. The company's equity stood at USD 1.04 billion, while it recorded a net profit of USD 86.88 million, marking a 5.46% increase from the previous year. However, its working capital remained negative at USD -361.67 million, indicating financial leverage challenges.

The charter capital of POWER GENERATION CORPORATION 1 is USD 948.15 million, with a paid-up capital of USD 932.24 million as of the end of 2023. The company remains active and continues to play a crucial role in Vietnam’s power sector.

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