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7 April 2006 - Electricity of Vietnam (EVN) has announced it is to issue its second round of stock in the Pha Lai thermo-power plant and the Thac Ba and Vinh Son-Song Hinh hydropower plants for an estimated VND1.5 trillion ($94m).

The sell off of the additional government stake will take place in May and will reduce the state share in the plants to 51 per cent. The sale of government shares in major power plants is part of a plan to mobilize an estimated VND37.5 trillion in investment for power generation and grid projects this year, said Deputy EVN General Director Dinh Quang Tri.

The state plans to retain 100 per cent interests in only three hydroelectric power plants - the Hoa Binh in the northern mountains, the Tri An in the south and Yaly in the Central Highlands. Over the next ten years the government plans to relinquish control of power generation but will retain its monopoly of electricity transmission in the interests of national security.

EVN first sold State-owned shares of its plants in November of 2005, mobilizing significant capital for development.

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