EVN

Update news EVN

Electricity retail prices increase, affecting tens of million of clients

The average electricity retail price has been raised to VND2,100 per kwh. It is estimated that tens of million of electricity consumers will be affected by the decision, while producers will have to pay the highest additional amount.

Rising production costs lead to $840 million loss for EVN in 2023

On October 10, the Ministry of Industry and Trade announced the results of an audit of the electricity production and business costs for 2023 by EVN.

Electricity supply resumed to over 4.8 million customers affected by typhoon

Vietnam Electricity (EVN) on September 11 announced that it has resumed electricity supply to more than 4.8 million customers out of over 5.9 million clients who have suffered from power outage due to Typhoon Yagi.

Circuit-3 500kv transmission lines – continuation of miracle

Thirty years ago, at 7:07pm on May 27, 1994, the 500kV power transmission line system was officially put into operation.

EVN reports record loss despite electricity price increases

Although electricity prices were increased twice in 2023, Vietnam Electricity (EVN) reported an after-tax loss of 26.77 trillion VND (1.053 billion USD) on high electricity production costs, according to its audited financial report.

EVN denies businesses warned to cut down power consumption

Vietnam Electricity (EVN), the country's largest power company, said the rumour about Vietnamese authorities urging certain businesses in northern Vietnam to voluntarily reduce electricity usage by 30 per cent is inaccurate.

MOIT proposes electricity price hike in 2024

The Ministry of Industry and Trade’s (MOIT) proposal to raise retail electricity prices in 2024 comes amid difficulties faced by Electricity of Vietnam (EVN) and its loss of VND17 trillion last year.

PM requests uninterrupted power supply in all circumstances

Prime Minister Pham Minh Chinh voiced an imperative to ensure a consistent and uninterrupted power supply in all circumstances during a working session with the Vietnam Electricity (EVN) on January 13.

EVN to buy electricity from 26 hydropower plants in Laos

Electricity of Vietnam (EVN) has signed 19 contracts with investors on importing electricity from 26 hydropower plants in Laos with a total capacity of 2,689MW.

EVN aims to import wind power from Laos at VND1,700/kwh

Electricity of Vietnam (EVN) has proposed that the Ministry of Industry and Trade (MOIT) submit to the Prime Minister a plan on importing electricity from Truong Son wind power plant in Laos and building more transmission lines to serve the import.

Fuel imports put electricity prices under pressure

A number of countries, including Vietnam, have been facing sharp coal, oil and gas price increases over the last two years.

Electricity generators want to sell directly to consumers, not via EVN

The Ministry of Industry and Trade (MOIT) has found that 24 renewable power projects want direct power purchase agreements (DPPA), while the other 17 projects are considering seeking direct buyers.

No more electricity monopoly, EVN holds 37% of total system capacity

The Electricity of Vietnam Group (EVN) is no longer a major power producer as it has contributed only 11% of electricity to the national grid this year.

Reprimands proposed for former EVN chairman and five officials

The Commission for Management of State Capital at Enterprises has proposed reprimands for six officials of Việt Nam Electricity (EVN).

EVN leaders face discipline over recent power outages

The Commission for the Management of State Capital at Enterprises (CMSE) has recommended reprimanding the leadership of Vietnam Electricity Group (EVN) for the power outages that hit northern Vietnam early in the summer this year.

Legal framework insufficient to assign EVN to develop offshore wind power

The Prime Minister has asked that the Electricity of Vietnam (EVN) and Vietnamese enterprises develop offshore wind power on a trial basis, but the Ministry of Industry and Trade (MOIT) says there is insufficient legal foundation to do this.

EVN's losses mainly attributed to high input prices

High input prices were a major contributor to Vietnam Electricity (EVN)'s financial loss, according to the Department of Electricity Regulatory under the Ministry of Industry and Trade (MoIT).

Electricity regulatory unit leaves EVN with $2 million debt

The State Capital Management Commission (SCMC) has sent a document to the Ministry of Planning and Investment (MPI) showing its view about the splitting of the National Load Dispatch Centre (NLDC) from Electricity of Vietnam (EVN).

EVN proposes increasing electricity import from Laos

Due to the risk of an electricity undersupply in 2025, EVN has proposed importing more electricity from Laos.

Vietnam Electricity Group incurs further losses so far this year

Vietnam Electricity (EVN) has recorded losses of $1.21 billion in the first eight months of this year, adding to last year's woes.