Electricity of Vietnam (EVN) Group officially announced to establish Da Nhim-Ham Thuan-Da Mi Hydropower Joint Stock Co (DHD) from changing the 100 percent state-owned firm into a joint stock company with chartered capital of 4.248 trillion dong, of which the group kept 99.93 percent of the total stake. The ceremony was held on September 15, 2011 in Bao Loc City, Lam Dong province.
Starting from October 1, 2011, the new hydropower firm will officially operate under the model of joint stock company. At present, DHD has operated and managed the four hydropower plants including Da Nhim (160MW), Da Mi (175MW), Ham Thuan (300MW) and Song Pha (7.5MW) with 13 turbines and designed capacity of 642.5MW. The company was expected to supply about 2.6 billion KWh every year.