BCG Energy will be listed on UPCoM with stock code BGE

The number of BCG Energy securities registered is 730 million units, corresponding to the registered value of VND 7,300 billion. Starting from June 18, VSDC will accept the custody of the above registered shares. Previously, on May 20, the State Securities Commission issued an official dispatch approving BCG Energy's public registration dossier.

Up to now, Bamboo Capital Group has 4 companies listed and trading stocks, including: Bamboo Capital (HoSE: BCG), Tracodi (HoSE: TCD), Tien Giang Pharmaceutical - Tipharco (HNX: DTG), BCG Land (UPCoM: BCR). This number will increase after BCG Energy is officially traded on UPCoM with the code BGE.

BCG Energy was established in 2017 and is the energy company of Bamboo Capital Group. Currently, BCG Energy has a charter capital of VND 7,300 billion, equity of nearly VND 10,000 billion and total assets of nearly VND 20,000 billion. The company is operating about 600 MW of solar power and is a renewable energy enterprise in the Top 3 of Vietnam.

Established in 2017, BCG Energy quickly became a leading enterprise in the renewable energy sector in Vietnam.

BCG Energy's business results in 2023 have many positive highlights. Net revenue reached VND 1,125.6 billion, up 5.8% over the same period in 2022. The company's accumulated undistributed profit after tax as of December 31, 2023 was VND 186.6 billion. In addition, BCG Energy's debt-to-equity ratio by the end of 2023 also decreased to a very safe level, only 0.66 times.

The growth in revenue from the renewable energy segment is mainly due to the high efficiency of solar power plants that have been put into operation, with few cuts, some plants recording a capacity exceeding 100% of the forecast in the last months of the year. The rooftop solar portfolio also expanded, contributing to a part of the revenue in 2023.

In addition, at the end of the first quarter of 2024, BCG Energy's renewable energy segment was the largest contributor to Bamboo Capital Group's total revenue, accounting for 32.5%, equivalent to VND 320.4 billion. The renewable energy segment is expected to be the main contributor to Bamboo Capital Group's revenue and profit in the coming quarters.

BCG Energy currently owns a portfolio of nearly 1 GW approved under the Power Plan VIII with a vision for implementation until 2030. Notably, a series of large-scale wind power projects, including: Dong Thanh 1 wind power (80 MW), Dong Thanh 2 (120 MW) in Tra Vinh province; Khai Long 1 (100 MW) in Ca Mau will be deployed by BCG Energy this year and are expected to be put into operation in 2025. Once operational, these projects will help increase BCG Energy's total power generation capacity by about 53%.

BCG Energy is also operating large-scale solar power plants, namely BCG Long An 1, BCG Long An 2, BCG Vinh Long, BCG Phu My and Krong Pa 2. In addition, the company also develops rooftop solar power systems in many provinces and cities across the country.

Notably, in the 2024-2025 period, BCG Energy will build a modern waste-to-energy plant in Ho Chi Minh City. The total investment for phase 1 is up to VND5,000 billion with a capacity of burning 2,000 tons of waste per day and night, equivalent to a power generation capacity of 70 MW. In the next phase, BCG Energy's waste-to-energy plant can increase its processing capacity to 5,200 tons of waste per day and night and generate a power generation capacity of up to 130 MW, becoming one of the largest plants in the world in this field.

At the same time, BCG Energy is researching and implementing waste-to-energy plants in Long An, Kien Giang and other provinces. By continuing to promote the development of renewable energy projects and building more large-scale waste-to-energy plants, this series of projects will help consolidate BCG Energy's leading position in the renewable energy sector in Vietnam.

BCG Energy has just signed with SK Ecoplant (part of SK Group - the second largest Chaebol in Korea) and Sudokwon Landfill Site Management Corp - Sudokwon Landfill Management Corporation, Korea. Recently, BCG Energy has been continuously chosen by large international corporations to cooperate when investing in Vietnam.

Recently, BCG Energy has continuously recorded many positive news. With experience and capacity in developing large-scale renewable energy projects, BCG Energy has been continuously cooperating with large international energy corporations such as SP Group, Sembcorp, SK Group, Hanwha Group, Leader Energy Group... when investing in Vietnam. On June 10, BCG Energy signed a contract with SK Ecoplant Company (under SK Group - the second largest Chaebol in Korea) and SLC (Sudokwon Landfill Site Management Corp - Sudokwon Landfill Management Corporation, Korea) to develop waste-to-energy projects and waste treatment solutions in potential southern provinces. This is a concrete step for the agreement signed by BCG Energy and Korean Chaebol in March in Seoul, Korea.

Source: https://www.congluan.vn/bcg-energy-se-len-san-upcom-voi-ma-co-phieu-bge-post300533.html