Electricity sector fares well in 2015 hinh anh 1Electricity sector fares well in 2015. (Photo: VNA)

Hanoi (VNA) - The Electricity of Vietnam (EVN) led the power market in 2015 by supplying 23,580 MW or 60.8 percent of the country’s total power output of 38,800 MW, up 1.8-fold from 2010.

The State-run group generated and purchased 668.5 million MW from 2011-2015 at an average growth of 10.37 percent per year.

Retail electricity output rose by 10.84 percent annually over the past five years to total 587.5 million MW, 1.85 times higher than the GDP growth rate in the same period.

According to EVN National Power Transmission Corporation (EVN NPT), the firm has mobilised more than 14 trillion VND (624 million USD) in funding for 44 projects in the reviewed year, including about 6.43 trillion VND (286 million USD) from overseas investors.

The figure has brought the total funds for its investment in over 200 projects over the last five years up to approximately 77.2 trillion VND (3.4 billion USD), 55 percent of which were sourced from foreign investment.

It earned more than 14.5 trillion VND (647 million USD) in revenue, up 34.7 percent from 2014, and 315 billion VND (14 million USD) in profit as targeted.-VNA