National electricity group ordered to ensure supply

The Vietnam Electricity Group (EVN) has been warned not to allow power shortages to happen this year, according to Deputy Minister Hoang Trung Hai’s Government Office Document 22.
The Vietnam Electricity Group (EVN) has been warned not to allow powershortages to happen this year, according to Deputy Minister Hoang TrungHai’s Government Office Document 22.


Apart fromensuring adequate power supplies for socio-economic development andpeople’s daily lives in 2014, Deputy Minister Hai also asked the EVN towell implement possible solutions to meet higher power demand in casethe economy records greater growth than expected and must not let powershortage happen like what it did in previous years.


In 2013, the group fulfilled its task of providing adequate power forsocio-economic development with increasingly high quality and the powersystem always had backup capacity, EVN General Director Pham Le Thanhwas quoted as saying by the Vietnam Economic News online paperunder the Ministry of Industry and Trade.


Alsoin 2013, nearly 2,500 MW was added to the power system, and manyelectricity transmission grid and distribution works put into operation.By the end of last year, water storage at hydroelectric dams hadreached the approximately normal level. These are basic conditions forthe EVN to accomplish its power production and supply tasks in 2014, heaffirmed.


At the same time, the group also plans totighten control of its capital and other assets, consolidate managementboards of power projects to ensure progress and quality of the gridconstruction works. It will concentrate capital on urgent powerprojects, especially those to ensure power supply for the southernregion, closely monitor the progress of power projects in Power PlanningVII, promote site clearance, and accelerate payments of constructionworks that are fundamentally completed.


The DeputyPrime Minister also asked the power plants under the EVN and powergenerating companies to ensure operation, maintenance and repairquality, minimise the maintenance and repair works of thermal powerunits in the six-month dry season. The hydroelectric plants incoordination with localities will manage power generation, controlflood, supply water and promote the useful effects of the works.


The EVN will prepare conditions in terms of grid infrastructure,information technology, telecommunications, human resources training,organisational restructuring of corporations and companies to wellparticipate in the electricity market, imminently the competitivewholesale market that will be piloted from 2015.

Thegroups and corporations are expected to gradually become strongenterprises which can raise capital themselves in financial markets athome and abroad.


Deputy Prime MinisterHai emphasised that investment capital must be mobilised fortransmission projects and this should be considered as a breakthrough inthe power transmission grid investment. Solutions to operate the 220 -500kV transmission grids of the national electricity system need to bereviewed, especially the systems in the southern region.

EVN General Director Thanh also said to optimise costs andelectricity supply for the southern region, the EVN determined toimplement solutions to reduce power production, transmission anddistribution costs; speed up some important projects supplyingelectricity to the south, the grid works connecting to these thermalpower centres and other urgent transmission and distribution projects inthe south; and connect power transmission between the northern andsouthern key economic regions to ensure stability for transmissionsystems throughout the country.-VNA

See more

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year. (Photo: https://doanhnhansaigon.vn)

Remittances to HCM City surge ahead of Tet

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.

Illustrative photo (Photo: VNA)

Retail petrol prices down in latest adjustment

The price of E5RON92 bio-fuel was priced at 20,592 VND (0.82 USD) per litre, representing a 158 VND decrease from the previous baseline, while RON95-III decreased to 21,142 VND per litre, down 78 VND.

Inside the ABB factory in Vietnam (Photo: baodautu.vn)

European investment flows gain momentum in Vietnam

European investments are expected to pick up in Vietnam following Prime Minister Pham Minh Chinh’s engagement with Czech and Polish enterprises as part of his trip to Europe to attend the 55th Annual Meeting of the World Economic Forum.

Hideaki Egashira revealed plans to expand Idemitsu's investment in Vietnam. (Photo: tapchicongthuong.vn)

Idemitsu to expand investment in Vietnam

Hideaki Egashira, General Director of Idemitsu Vietnam Co Ltd, a subsidiary of Japanese petroleum company Idemitsu Kosan, has revealed plans to expand the company's investment portfolio in Vietnam.