To Respected Shareholders
It is my honor to represent the board of directors of EDL- Generation Public Company, EDL-GEN, in reporting the accomplishments of the EDL-GEN business of 2020. The success is the result of the well-created strategic plans and the dedication and teamwork of the company’s employees. The team members devoted themselves and precisely executed their instructions as planned. In 2020, COVID-19 created problematic obstacles across the world. The Lao PDR as well had a hard time fighting the disease. However, the EDL-GEN believed that business had to keep running. We did not reduce our performance in serving the community. Besides, we continued generating electricity as promised. I humbly admire and congratulate the management of EDL-Gen for strictly following company’s policy. The company managed to prepare to protect and stop the contagions of COVID-19 by following the government’s policy.
In the year of 2020, EDL-GEN gained LAK1.675,02 billion with a net profit of LAK178,77 billion. Although, the profit is considered low, it was achieved despite the economic hardships faced across local and global stages. Additionally, the EDL-GEN gained trust from investors. We also maintained our long-term strategic plan to increase the value of goods and to keep growing the company gradually. Beyond its business focus, EDL-GEN has a deep concern for social responsibility and the environment. The company seeks to improve the quality of life for those living nearby the hydropower plant areas.
All these great achievements were made possible by the devotions of the employees, members of board of directors and the management. They contributed to the best of their abilities to greatly satisfy all stakeholders assigned.