Electricity prices approved for 15 renewable energy projects
HCMC – The Ministry of Industry and Trade has approved the provisional electricity prices for 15 wind and solar power plants after its negotiations with the Vietnam Electricity Group (EVN). Tran Viet Hoa, director of the Electricity Regulatory Authority of Vietnam, said that 37 of 85 wind and
PM orders urgent measures to secure power supply
HCMC – Prime Minister Pham Minh Chinh has chaired an urgent meeting with ministries and departments to discuss measures to ensure electricity supply for businesses and households during the dry season. At the urgent meeting held on May 18, the prime minister said that the total capacity supplied
NA Economic Committee wants Gov’t to clarify EVN’s losses
HCMC – The National Assembly Economic Committee has asked the Government to clarify why Vietnam Electricity Group (EVN) has made losses of more than VND26.4 trillion. The request was mentioned in a report on Vietnam’s socio-economic performance submitted to the National Assembly’s Standing
Electricity prices inch up by 3% from today
HCMC – Electricity prices in Vietnam increased by 3% to over VND1,920 per kWh from today, May 4, after they had been kept unchanged for four years. According to a decision recently signed by the CEO of the Vietnam Electricity Group (EVN), the average selling price of electricity will increase from
EVN asked to buy renewable energy at 90% import price
HCMC – Investors involved in renewable energy project have proposed Vietnam Electricity Group (EVN) purchase power from eligible projects at an interim price equivalent to 90% of the electricity import price. The proposal was made at a conference held by State utility EVN in Hanoi yesterday, March
Renewable energy investors concerned about electricity pricing mechanism
HCMC – Investors of transitional solar and wind power plants have written to the prime minister expressing concerns that the electricity pricing mechanism would cause possible disruptions of their financial plans. Due to the severe impact of Covid-19, 84 renewable energy projects with a total
State ownership of EVN still needed
HCMC – The Commission for the Management of State Capital at Enterprises (CMSC) has proposed Vietnam Electricity Group (EVN) continuing operating as a one-member limited liability company wholly-owned by the State, in its restructuring plan for EVN from 2021 to 2025 submitted to the Government.
Industry ministry wants power supply secured
HCMC – Vietnam’s Ministry of Industry and Trade has requested three major State companies to ensure stable electricity supplies to facilitate socio-economic development and meet people’s needs. At a meeting held on February 21, Minister of Industry and Trade Nguyen Hong Dien told the ministry’s
EVN borrows VND2.4 trillion for Ialy hydropower plant expansion
HCMC – The Vietnam Electricity Group (EVN) and the Vietnam Bank of Agriculture and Rural Development (Agribank) have signed a credit agreement worth VND2.4 trillion to develop the Ialy hydropower plant expansion project. The 14-year-term loan accounts for nearly 38% of the project’s total
Vietnam power plants face coal shortage
HCMC – Coal-fired power plants are at risk of having no enough coal to generate electricity, according to Vietnam Electricity Group (EVN). EVN expressed its concerns in a document sent to the Ministry of Industry and Trade regarding the operation of the new Thai Binh 2 Thermal Power Plant.
Vietnam weighs electricity price hikes in 2023
HCMC – Vietnam is considering hiking electricity tariffs this year as the last adjustment took place almost four years ago while input costs of power generation have soared since. Deputy Minister of Industry and Trade Do Thang Hai said at a press conference yesterday, February 2, that the hike
EVN’s proposed electricity price hike under consideration
HCMC – The Ministry of Industry and Trade has been gathering feedback on a proposal of Vietnam Electricity Group (EVN) for increasing electricity prices. A spike in electricity prices will be weighed carefully, Deputy Minister of Industry and Trade Do Thang Hai said at a press conference on