NT2's electricity production has reached nearly 54 billion kWh since commercial operation.

In 2023, NT 2 aims to produce 4.1 billion kWh of electricity, with total revenue of VND 8,299 billion, pre-tax profit of VND 498 billion, and after-tax profit of VND 473 billion.

Sản xuất điện của NT2 đạt gần 54 tỷ kWh từ khi vận hành thương mại

Electricity production activities of Nhon Trach 2 gas-fired power plant contribute significantly to revenue for Nhon Trach 2 Oil and Gas Power Joint Stock Company. (Source: Petro Times)

Since its commercial operation in October 2011, Nhon Trach 2 Petroleum Power Joint Stock Company (stock code NT2) has produced 53.71 billion kWh, contributing to ensuring national energy security.

At the same time, revenue reached 82,788 billion VND, profit after tax reached 8,777 billion VND, contributing to the state budget more than 3,307 billion VND and performing social security work 35.86 billion VND.

From the initial charter capital of VND 2,560 billion, the company's equity has now reached VND 4,559.79 billion. With that achievement, NT2 was awarded the Second Class Labor Medal; won the Top 500 Largest Enterprises in Vietnam, Top 100 Sustainable Development Enterprises.

As a member of Vietnam Oil and Gas Power Corporation (PV Power), NT2 is one of the first units to participate in the competitive power generation market since July 1, 2012 and marks many important milestones in operation and development.

In 2023, NT2 aims to produce 4.1 billion kWh of electricity; total revenue of VND 8,299 billion; pre-tax profit of VND 498 billion; and after-tax profit of VND 473 billion.

According to NT2, in 2023, the company's production and business activities will continue to face many difficulties due to fuel costs increasing by more than 11% compared to the 2022 plan. In addition, the heat loss rate increases due to frequent operation at low load, increasing costs and risks in operation.

In particular, in 2023, NT2 will carry out the second overhaul of the factory while the allocation of contracted electricity output (Qc) for each month is not suitable, causing difficulties in production and business activities and affecting the company's competitive advantage.

On the stock market, NT2 shares are trading at VND31,950/share. Since the beginning of the year, NT2 shares have increased by 14.67%; in which the highest closing price was VND33,600/share (June 5) and the lowest closing price was VND25,979/share (February 2).

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