Ninh Binh Thermal Power Joint-Stock Company is a Vietnam-based company engaged in the electric utilities industry. It operates a thermal power plant and generates electricity for sale. The Company also produces chemicals, such as calcium carbide and concrete additives. In addition, it manages, operates, maintains, repairs, experiments and adjusts electric, thermal and mechanical power equipment and plant projects; installs electricity cable networks and transformers. Other activities include the wholesale of industrial machinery and equipment, as well as the provision of human resource training services on the management, operation, maintenance and repair of equipment of electric power plants. The Company announces that POWER GENERATION CORPORATION 3 (EVNGENCO 3) has completed the acquisition of 54.76% stake in the Company on December 20, 2013.