EVN

Update news EVN

Power group found deceitful for a long time

Big violations of principles made by the Electricity of Vietnam (EVN) have been found by the government inspectors. Economists believe the power group connived together with others to pocket people’s money.

Power market’s low competition

 VietNamNet Bridge – Vietnam’s competitive power generation market has attracted less than expected registrants after operating for over a year.

Will Samsung find its opportunities in power sector in Vietnam?

 VietNamNet Bridge – Samsung moves ahead with its plan to develop power projects in Vietnam. However, it’s still unclear if it can succeed in the energy sector, once the Electricity of Vietnam (EVN) remains the only wholesale buyer.

EVN's debt increases to nearly VND10 trillion

The increase of coal and gas prices made input costs of the Electricity of Vietnam Group or EVN rise by VND7.2 trillion in 2013. In the first half of the year, EVN’s debts to the gas and coal groups nearly VND10 trillion ($476 million).

Investors trying to withdraw from unprofitable hydro-power projects

 VietNamNet Bridge – After rushed investment decisions, several hydropower investors in Vietnam have been struggling to sell their investments as a result of inefficient business practices.

Foreign investors snub power generation sector

 VietNamNet Bridge – Vietnam’s policy to purchase power at low prices and hold a controlling stake in state-owned power projects has discouraged many foreign investors in the power sector.

Power trader accused of abusing monopoly position

VietNamNet Bridge – A private hydropower company in the north has filed a petition accusing Electric Power Trading Company (EPTC) of abusing its position as the only power buyer in the competitive power market.

Ministry skips questions over power price hike

 VietNamNet Bridge – The Ministry of Industry and Trade on Monday refused to answer questions on the power price hike although local reporters insisted on making the related information transparent.

BUSINESS IN BRIEF 5/8

 More firms approved to use fast track customs service; 5.5% GDP target within reach?; Crunch time for manufacturers in July; Enterprises in difficulty despite intervention

Bright spark inspires energy-saving initiative

 VietNamNet Bridge – Seven-year-old Nguyen Anh Nhan has become an unlikely poster boy for the electricity-saving cause.

The bright spark who was born to succeed

VietNamNet Bridge – The son of a high-flying electricity director, Nguyen Phuc Cuong was born to work in the power industry. But despite his dad's connections, it is the 30-year-old's hard work that has propelled him to US success

The power – steel feud blazes up furiously

 VietNamNet Bridge – Every time when the Electricity of Vietnam (EVN) plans to raise the retail electricity price, the war between the power generator and steel mills escalates.

Biomass power price likely at 5.6 U.S. cents per kWh

VietNamNet Bridge – Vietnam Electricity Group will purchase electricity from biomass power projects at the price of VND1,170 per kWh or 5.6 U.S. cents exclusive of VAT and is adjusted based on foreign exchange rate.

Experts split over power price adjustment

 VietNamNet Bridge – The Ministry of Industry and Trade (MoIT) has proposed an adjustment of retail power prices sold to households, producers and traders.

Electricity cut, the businesses’ obsession, has returned

The electricity outage occurring in all the southern provinces some days ago and the electricity cuts in the first month of summer has made businesses worried stiff.

Developing a lot of power plants, EVN still buys Chinese electricity

The Electricity of Vietnam (EVN), the only electricity wholesaler buyer, plans to buy 293 million kwh of electricity from China in June 2013.

Wind power in Vietnam: three problems may shrink investors back

The Bac Lieu wind power project has succeeded. However, this does not mean that the problems have all been settled. And they would still be the hindrance to the other wind power projects in the future.

40 percent of small hydropower plants eliminated

VietNamNet Bridge – Some 40 percent of over 1,100 small-scale hydropower projects will be eliminated from the national power development plan due to low efficiency or lack of investor interest,

Businesses live in the fear for electricity price increases

Businesses have been warned that the electricity price would be raised one or two times at least in 2013.

Power cut in Southern Vietnam caused by a crane

 VietNamNet Bridge – A crane hit the 500 KV transmission line, causing the power outages in all 22 southern provinces this afternoon. The southern region is expected to have power back tonight, an official said.