NEDI2 – 20 YEARS OF PIONEERING PROGRESS
Mon , 06/05/2024, 18:00:00 (GMT+7)
On May 6, 2024, Northern Electricity Development & Investment JSC No.2 (NEDI2) celebrated its 20th anniversary of establishment (May 6, 2004 - May 6, 2024) at the Vinaconex headquarters. Chairman Dao Ngoc Thanh, along with the Corporation's Board of Directors, shareholders' representatives, and partner units, graced the event and extended their congratulations.
Twenty years ago, on May 6, 2004, VINACONEX Corporation established NEDI2 to implement the investment project for the Ngoi Phat Hydroelectric Plant, as part of the strategy to become the leading multi-industry economic corporation in the country.
Throughout the 20-year journey of construction and growth, with the support of shareholders and partners, the effective management of its Board of Directors and Board of Management, especially the dedication and hard work of entire employees, NEDI2 has successfully overcome all challenges, becoming a leading brand in hydropower and one of the most effective members of VINACONEX, ensuring employee well-being and delivering robust returns for shareholders
According to Mr. Do Vuong Cuong, General Director of NEDI2, since its inauguration on December 27, 2014, Ngoi Phat HPP has successfully operated all three units and become the largest electricity producer in Lao Cai province. It contributes approximately VND 100 billion annually to the budget and generates average revenues of around VND 400 billion. The plant achieved electricity generation milestones of 1 billion kWh in 2017, 2 billion kWh in 2019, and 3 billion kWh in 2022. By August 2024, it is expected to reach 4 billion kWh, marking nearly VND 4,000 billion in total revenue from 2015 to 2024, with annual dividends ranging between 20-30%
The General Director of NEDI2 expressed deep gratitude to construction contractors, consulting units, credit institutions, and particularly the guidance from VINACONEX Corporation's leaders and the support of local authorities. Their assistance has helped NEDI2 team to successfully complete tasks, promote the company's culture, drive new achievements and foster sustainable and effective development on the foundation laid over the past 20 years
Chairman of the Board of Directors of NEDI2 Duong Van Mau affirmed NEDI2's crucial role and significant contributions to the Corporation's production and business activities. He further outlined NEDI2's plans to partner with its shareholder - TOYOTA TSUSHO to upgrade the company's management system to meet international standards.
Representative of TOYOTA TSUSHO Corporation (NEDI2's shareholder), Mr. Raiko Suzuki - Director of Energy Division, congratulated NEDI2 JSC on the successful 20-year journey of construction and growth. He expressed optimism for continued collaboration among TOYOTA TSUSHO, NEDI2 and VINACONEX, aiming to bring value to the project and ensure stable, clean electricity for Vietnam in the future
In the event, the chairman expressed appreciation on behalf of the Corporation's leadership to the officials and employees of NEDI2 over the years. He also thanked the company's Board of Directors for their unwavering support and dedication in finding optimal solutions for production operations to maximize efficiency.
Established on May 6, 2004, NEDI2's officials and employees have made pioneering strides in construction and development over the last two decades. With a strong determination to contribute, NEDI2 is poised to achieve new heights in electrical energy production and continue benefiting the community and society.
Some photos of NEDI2's Ngoi Phat Hydropower Plant
