The Northern Power Corporation under the Electricity of Vietnam (EVN) group achieved an average annual electricity output rise of 16 percent in the last five years, the highest rate among EVN power distribution companies.

Its yearly revenue grew by more than 8.5 trillion VND (391.7 million USD) with an average annual net profit reaching over 300 billion VND (13.8 million USD).

In the period, electricity prices increased around 123.4 VND per kWh each year, while the loss rate during transmission and distribution reduced from 8.96 percent in 2010 to 7.4 percent in 2014.

The Corporation also launched a number of major projects including the Phu Binh Transformer Station and electricity supply projects for Samsung Vietnam and the Ta Loong industrial park in Lao Cai and Vung Ang industrial park in Ha Tinh.

Contributing to advancing local living standards, the EVN chapter has thus far made electricity available for 4.5 million households living in rural areas.-VNA