The PM approves EVN business restructuring project (Illustrative image. Source: VNA)Hanoi (VNA) – The Prime Minister hasapproved a master plan on restructuring enterprises under the Electricity ofVietnam (EVN) in the period 2017-2020.
Under the plan, the EVN will be developed intoa strong economic group to maintain a key role in ensuring power supply forsocio-economic development, national energy security, as well as nationalsecurity and defence.
The EVN is expected to play a key role indeveloping the country’s power industry in a rapid and sustainable manner withhigh competitiveness and effective international integration.
Its key business lines will include powergeneration, transmission, distribution and trading, power import-export, aswell as investment in and management of investment in power projects.
It will be also in charge of managing, operating, maintaining and upgradingpower generation, transmission and distribution facilities and providinginvestment project making and management consultancy.
[EVN told to handle loss-making projects]
The EVN will still remain the one-memberlimited liability company in which the State holds 100 percent of chartercapital.
It will include subsidiary companies such as the Son La, Hoa Binh, Ialy, TriAn, Tuyen Quang, Se San and Huoi Quang-Ban Chat hydropower companies, theElectric Power Trading Company, the Power Information Centre and severalelectricity project management units.
It will hold 100 percent of charter capital atthe National Power Transmission Corporation, the Northern Power Corporation,the Central Power Corporation, the Southern Power Corporation, the Hanoi PowerCorporation, the Ho Chi Minh City Power Corporation, and the National LoadDispatch Centre.
It will also hold more than halfof charter capital at the power engineering consulting joint stock companies 1and 2, the power generation corporations 1,2,3 and the Vinh Tan 3 Energy JSC.
The EVN will withdraw all capital fromaffiliates such as the Finance Joint Stock Company, the Thu Duc ElectroMechanical Joint Stock Company, the Dong Anh Electrical Equipment Corporation -Joint Stock Company, the Thuan Binh Wind-Power Joint Stock Company, the PowerEngineering Consulting Joint Stock Companies 3 and 4.-VNA
VNA
