EVN

Update news EVN

EVN called on to develop wind and solar energy

 VietNamNet Bridge – Deputy Prime Minister Hoang Trung Hai has urged Electricity of Viet Nam (EVN) to develop new and renewable energy sources including wind and solar power.

Industry and Trade Ministry's firms struggle to find strategic investors

 VietNamNet Bridge – Businesses under the industry and trade ministry have not attracted foreign strategic investors during their privatisation,

Vietnam seeks foreign investment for power generation

VietNamNet Bridge – State utility Vietnam Electricity Group (EVN) has called for foreign firms to invest in the industry by getting involved in power generation projects or buying shares at State-run power companies. 

Five giant companies weighed down with foreign debt

VietNamNet Bridge - Most of the foreign debt incurred by state-owned general corporations are in their core business fields, and as such they have to look for capital to run projects.

EVN still holds monopoly, Vietnam still has no competitive power market

Whether Vietnam has a competitive power market remains a controversial question. The Central Institute of Economic Management (CIEM) believes that the current market must not be competitive as Electricity of Vietnam (EVN) still holds the monopoly.

Vietnam’s five State-owned corporations with huge foreign debts

 VietNamNet Bridge - Most of the foreign debt owed by State-owned corporations is concentrated in key business sectors, where they must seek giant funds for projects.

Expert urges Vietnam to reform energy sector

 The electricity tariffs in Vietnam could be lower if the country develops renewable energies and promotes liberalisation alongside, expert said.

Losses of 19 State-owned corporations total nearly $1.1 billion, report

 VietNamNet Bridge - In a report to the National Assembly on the operation of State-owned corporations, the government said that State-owned firms have a total equity of VND1,112,445 billion, up 6% compared to 2013.

Power Group sells stakes in companies

 The Electricity of Viet Nam Group last week said it had divested from many companies.

Electricity theft persistent in Vietnam

 VietNamNet Bridge – More than 14,000 cases of electricity theft were reported during the first nine months of the year, resulting in the loss of at least 11 million kWh from the country's electricity network.

Unfairness

 VietNamNet Bridge – Energy groups are quick to complain about the impact of exchange rate fluctuations, which they claim have caused huge losses for them. They have floated the possibility of adding those losses to their production costs.

Vietnam opens more thermal power plants as coal supply diminishes

VietNamNet Bridge - Vietnam continues to open thermal power plants despite a warning about pollution and the lack of coal in the future. 

New power fees likely next month

 VietNamNet Bridge – The new retail electric tariff will be submitted to the Government for consideration in October, said Dinh The Phuc, deputy head of the Electricity Regulatory Authority of Viet Nam (ERAV).

Power plants sell cheap electricity, consumers buy high

VietNamNet Bridge - In the last three years,  Electricity of Vietnam (EVN) has bought electricity from power generators at the average price of VND1,087.3 per kwh and sold it at VND1,622 per kwh on average.

VN to boost competitive power market

The competitive power generation market would become operational expeditiously by 2018, together with the pilot implementation of competitive wholesale power market.

Competitive electricity market? It’s still far away

If Electricity of Vietnam’s (EVN) exclusive role cannot be removed, private businesses will not be able to join the electricity market.

EVN complains about coal shortage, puts high hopes on Red River coal basin

VietNamNet Bridge - The discussions about the coal supply for Duyen Hai 1 and Vinh Tan 2 Thermal power Plants have come to a deadlock. 

SOEs suffer from bad investments in non-core businesses

Many state-owned economic groups that made huge investments in non-core business fields are facing trouble as some of the business tycoons have been jailed because of wrongdoings that caused serious consequences.

Thermal power plant built in unsuitable position: scientists

VietNamNet Bridge - The Vinh Tan 2 thermal power plant is located in an area with the strongest wind in the country, scientists say, causing serious pollution to a large area.

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