BTP focuses on developing hydropower plant projects
Pham Quoc Thai, vice general director of Ba Ria Thermo Power Joint Stock Co (coded BTP) announced that the company planned to disburse additional 33.5 billion dong to make capital contribution in Buon Don Hydropower Joint Stock Co. Previously, the company had contributed 50 billion dong for this project.
Therefore, the holdings of BTP in this hydropower plant will be raised to 50 percent. The purpose of this capital contribution movement was to carry out Srepok 4A hydropower plan project that Buon Don Hydropower JSC was the main investor. When being put into operation, the hydropower plant will offer average electricity output of over 308 million KWh per year.
This year, the company set targets to reach total production output of 1.987 million MWh. In the past three months, BTP reported gaining total revenue of 810 billion dong and pre-tax profit of 7.6 billion dong.