EVN holds key responsibility in developing power system: Deputy PM

The Electricity of Vietnam (EVN) is responsible for developing the national power system.
The Electricity of Vietnam (EVN) is responsible for developing the national power system.

Speaking at a ceremony to announce the appointment of the Chairman ofthe EVN Member Council on March 31 in Hanoi, Deputy Prime MinisterHoang Trung Hai urged the group to seek alternative energy sources forthe long-term to ensure an adequate, stable and continuous supply ofelectricity for the national economy and the sustainable development ofthe sector.

He also requested the EVN build onits positive momentum and improve its transparency, competitiveness andeffectiveness.

Deputy PM Hai congratulated newEVN Chairman Duong Quang Thanh, expressing his belief that Thanh andthe group’s steering committee work together to reap achievements.

Thanh said the Member Council will focus on the efficient operationof existing systems and mobilising resources to accelerate constructioninitiatives, thus ensuring a stable electricity supply for the economyand the society.

According to the new Chairman,the EVN will accelerate the implementation of a project enhancing itsbusiness production productivity as well as its restructuring roadmap asapproved by the Prime Minister.

Otherpriorities will also be given to enhancing publicity campaigns andtechnological application in business and services to facilitate serviceaccess and environment, Thanh added.

The newChairman also rolled out three strategic approaches to promote thecouncil’s operations and performance, including improving human resourcequality; increasing management in tandem with enhancing staff autonomy;and strengthening science and technological application in productionand management.

The State-run EVN specialises inproducing, transmitting and trading electricity. It also manages thenational grid, power imports and exports, and electric operations.

Last year, the EVN expanded its power network to 99.59 percent of allcommunes nationwide, bringing electricity to 98.22 percent of ruralhouseholds, surpassing the goal set by the 11th National Party Congressfor 2015 by 0.22 percentage points.

The PrimeMinister has approved a plan to raise Electricity of Vietnam's (EVN's)charter capital to 160 trillion VND (7.62 billion USD) by the end of2015.

According to the Ministry of Industry andTrade’s latest report, EVN's total profit in 2013, including affiliatesand subsidiaries, reached more than 4.938 trillion VND (230.8 millionUSD). It was estimated that EVN alone generated almost 300 billion VND(14 million USD) in 2014.-VNA

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