How was A0's nearly 3 million USD debt handled when leaving EVN?
EVN will continue to repay A0's two loans of nearly 3 million USD and will be repaid when the newly established company has revenue from dispatching and market operation services.
State-owned enterprises need to do big, difficult things
HANOI (Sputnik) - It is estimated that the total revenue of the entire SOE sector in 2023 will reach 1.41 million billion VND, an increase of 4% compared to the plan. The total pre-tax profit is estimated at 117,388 billion VND. The resulting loss is estimated at 41,666 billion VND, mainly from
EVN is worried that Vietnam will have to buy LNG at high prices, putting pressure on electricity prices
Electricity of Vietnam said that imported LNG gas is 1.5 times higher than domestic gas, making EVN's electricity production price higher than the output (retail) price. This fact affects the purchasing and generating costs of EVN.
Mong Duong Thermal Power Company protects environment
Mong Duong 1 Thermal Power Plant has been doing a good job in environmental protection since it began commercial power generation and production. Gas emissions and wastewater indicators are always within limits and meet standards. The plant’s electrostatic precipitator (EPS) system always operates
Good chance to take overview
Electricity shortage has struck northern Vietnam over the past few weeks. From a certain perspective, however, this is a good opportunity as it has exposed the limitations of the power sector and has prompted the Government to thoroughly assess relevant issues, such as the development of power
Hydropower plants report higher water levels
HCMC – Water levels at all hydropower reservoirs in Vietnam have risen above critically low levels, according to Vietnam Electricity (EVN). As of June 20, the reservoirs at Lai Chau, Son La, Ban Chat, and Tuyen Quang hydropower plants recorded levels ranging from 4 to 438 meters above the dead
Government urges swift resolution to electricity shortage in June
HCMC – The Government Office has released documents highlighting the outcomes of the meeting on measures for maintaining macroeconomic stability, with a strong focus on the urgent need to completely address the electricity shortage in June 2023. The Government Standing Committee has instructed the
Director of National Load Dispatch Center suspended
HCMC – Nguyen Duc Ninh has been suspended from his position as the director of the National Load Dispatch Center at Vietnam Electricity Group (EVN) to facilitate an inspection of electricity supply in the country. The decision was made on June 14 by EVN’s general director Tran Dinh Nhan. EVN is a
Government urges nationwide power savings
HCMC – In response to severe electricity shortages in the north of the nation, the Government is calling upon households and companies to take energy-saving measures. Deputy Prime Minister Tran Hong Ha recently signed a directive aimed at enhancing electricity savings in the 2023-2025 period and
PM requests inspection of electricity supply
HCMC – Prime Minister Pham Minh Chinh has instructed the Ministry of Trade and Industry to establish a team to inspect the electricity supply of Vietnam Electricity Group (EVN) from 2021 to June of this year. This request is part of a directive on ensuring electricity supply, which was signed and
Investors in 65 renewable energy projects seek pricing talks with EVN
HCMC – Investors in 65 out of the total 85 renewable energy transition projects, with a combined capacity of 3,640 MW, have written to Vietnam Electricity Group (EVN) proposing pricing negotiations before purchase agreements are reached, according to the Ministry of Industry and Trade. Of these
Ministry approves electricity prices for 19 renewable energy projects
HCMC – The Ministry of Industry and Trade has approved the provisional electricity prices for 19 wind and solar power plants with a total capacity of around 1,400MW. Among them, five are solar power plants and 14 onshore and offshore wind farms. As of May 24, 25 out of 85 wind and solar power