The Electricity of Vietnam (EVN) is scheduled to sell additional stock at the Pha Lai thermal-power plant and the Thac Ba and Vinh Son-Song Hinh hydro-electric power plants in May to reduce the State stake in these plants to 51 percent from the current 60-75 percent.

Sales of State shares in major power plants aim to boost the equitisation process of the power sector and mobilise an estimated VND37.5 trillion for power generation and grid projects this year, said Deputy EVN General Director Dinh Quang Tri.

In its equitisation plan, EVN holds the entire stake of only three hydro-electricity plants - the Hoa Binh in the northern region, the Tri An in the south and the Yaly in the Central Highlands.

Under its strategy for the electricity market over the next 10 years, the State plans to maintain monopoly merely in power transmission for national electric security.