Global Utilities Strong Balance Sheet Stocks

Viet Nam Power Development

Market Cap: ₫2.7t

Engages in the operation and management of hydropower plants.

Vinacomin - Power Holding

Market Cap: ₫7.6t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

Lotus Hydro Power

Market Cap: LK₨1.6b

Owns, builds, operates, and maintains power generating facilities in Sri Lanka.

Transnational Corporation of Nigeria

Market Cap: ₦518.3b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Hydrogène de France Société anonyme

Market Cap: €49.1m

Focuses on developing hydrogen infrastructure and multi-megawatt fuel cell technology.

MDI Energia

Market Cap: zł32.4m

Provides engineering services in Poland.

Puxing Energy

Market Cap: HK$568.7m

An investment holding company, develops, operates, and manages natural gas-fired power plants in the People’s Republic of China.

Engro Powergen Qadirpur

Market Cap: PK₨10.0b

Generates and sells power in Pakistan.

Henan Lantian GasLtd

Market Cap: CN¥5.9b

Henan Lantian Gas Co.,Ltd., together with its subsidiaries, transports and sells natural gas pipelines in China.

Hua Na Hydropower

Market Cap: ₫5.5t

Engages in the investment, production, and trading of electricity in Vietnam.

Guangzhou Devotion Thermal Technology

Market Cap: CN¥2.9b

Guangzhou Devotion Thermal Technology Co., Ltd.

Pha Lai Thermal Power

Market Cap: ₫3.2t

Engages in the generation and sale of electricity business from thermal and natural coal fuel in Vietnam.

Frontier Energy

Market Cap: AU$123.8m

A renewable energy company, engages in the development of an integrated renewable energy facility in Australia.

Sesan4A Hydropower

Market Cap: ₫1.4t

Engages in the production and distribution of electricity in Vietnam.

Nuoc Trong Hydro - Power

Market Cap: ₫563.9b

Produces, transmits, and distributes hydro-electricity in Vietnam.

Volt Group

Market Cap: AU$27.0m

Engages in the provision of power generation technology solutions in Australia.

Lipetsk Power Sale Company

Market Cap: ₽1.3b

Lipetsk Power Sale Company Open Joint-Stock Company engages in the supply of electricity to businesses and individuals in the Lipetsk region, Russia.

Perm Energy Supplying

Market Cap: ₽4.1b

Public Joint Stock Company Perm Energy Supplying Company engages in the electricity supply to the population and organizations of the Perm Krai.

Mosenergo

Market Cap: ₽76.8b

Public Joint Stock Company Mosenergo engages in the production, generation, and distribution of heat and electric power in the Moscow City and Moscow region.

Burgenland Holding

Market Cap: €255.0m

Through its investment in Burgenland Energie AG, engaged in the generation, distribution, and sale of electricity and natural gas.

Kyungdong City Gas

Market Cap: ₩136.4b

Engages in the manufacture and supply of liquefied natural gas through a network of pipelines.

Oceanic Wind Energy

Market Cap: CA$3.9m

Develops renewable energy projects in Canada.

Zhongmin Energy

Market Cap: CN¥11.4b

Focuses on the development, construction, investment, and operation of new energy power generation projects in China.

Lalpir Power

Market Cap: PK₨6.1b

Owns, operates, and maintains a fuel fired power station in Pakistan.

ZR2 Bioenergy

Market Cap: ₹583.7m

Operates as a bioenergy manufacturing company.

Positron Energy

Market Cap: ₹1.4b

Distributes and sells coal bed methane and natural gas in India and internationally.

Rojana Industrial Park

Market Cap: ฿10.6b

Engages in the manufacture and sale of electricity from solar cell system in Thailand.

GBB Power

Market Cap: ৳885.7m

GBB Power Limited is involved in the electricity generation business in Bangladesh.

IRM Energy

Market Cap: ₹10.0b

A city gas distribution company, engages in the laying, building, operating, and expanding of city and local natural gas distribution networks in India.

Enel Generación Chile

Market Cap: CL$4.2t

Engages in the generation, transmission, and distribution of energy in Chile.

MVV Energie

Market Cap: €2.1b

Provides electricity, heat, gas, water, and waste treatment and disposal products primarily in Germany.

ENEA

Market Cap: zł12.3b

Generates, transmits, distributes, and trades in electricity in Poland.

VA Tech Wabag

Market Cap: ₹80.1b

Engages in the design, supply, installation, construction, operation, and maintenance of drinking water, waste and industrial water treatment, and desalination plants in India and internationally.

PTC India

Market Cap: ₹51.2b

Engages in the trading and generating of power in India, Nepal, Bhutan, and Bangladesh.

Thac Mo Hydro Power

Market Cap: ₫4.2t

Generates and supplies hydro power in Vietnam.

Shin Hai Gas

Market Cap: NT$8.9b

Engages in the supply and sale of natural gas and related equipment in Taiwan.