High input prices were a major contributor to Vietnam Electricity (EVN)'s financial loss, according to the Department of Electricity Regulatory under the Ministry of Industry and Trade (MoIT).
In its recently audited financial report, Vietnam Electricity (EVN) Group announced a loss of 20 trillion VND, attributing it to the acquisition of electricity at costs exceeding its selling prices.
Since the end of June, the water levels in hydropower reservoirs have been rising and technical problems of a number of thermopower turbines solved, ensuring a basically sufficient power supply in the north, said Deputy Minister of Industry and Trade Do Thang Hai.
The Vietnam National Coal - Mineral Industries Group (Vinacomin) will supply about 18.7 million tonnes of coal to thermal power plants in the second half of this year, according to General Director Dang Thanh Hai.
Deputy Prime Minister Tran Hong Ha recently held a working session with representatives from the Ministry of Industry and Trade (MoIT), the Vietnam Electricity (EVN) and a number of relevant ministries and agencies on policies to increase the installation of roof-top solar power systems in the community.
The northern region is facing a high risk of serious electricity shortage this summer due to rising demands and low output of hydropower plants as a result of unfavourable weather conditions, according to the Vietnam Electricity (EVN).
The average retail price of electricity increases 3% to 1,920.373 VND (0.082 USD) per kWh from May 4, following a decision by the Vietnam Electricity (EVN) on adjusting the electricity retail prices.
Prime Minister Pham Minh Chinh on February 26 gave the order to launch the construction of a road connecting Hoa Binh northern province and capital Hanoi and an expressway from Hoa Binh to Moc Chau district in neighbouring Son La province.
The bracket of average electricity retail prices has been increased to 1,826.22 VND (0.078 USD) per kWh for the floor price and 2,444.09 VND (0.1 USD) for the ceiling price, according to the Prime Minister’s Decision No 02/2023/QĐ-TTg dated on February 3.
The Petrovietnam Power Corporation (PV Power) has produced more than 240 billion kWh of electricity in the past 15 years, contributing to ensuring national energy security, the firm reported.
Towards the 68th traditional day of the electricity sector (December 21), the Vietnam Electricity (EVN) is carrying out a lot of activities to honour its customers.
There have been numerous complaints regarding the development of the electricity price bracket, however only 59 out of 293 units and projects, or just 20% of renewable energy investors, have contributed ideas or proposals themselves.
Vietnam Electricity (EVN) has been named in the Top 10 Strong Brands at the announcement ceremony of "Vietnam Strong Brands in 2022" held by Vietnam Economic Review in Hanoi on October 12.
Vietnam Electricity (EVN) said it has demanded its subsidiaries take measures to guarantee power supply during the National Day holiday from September 1 to 4.
The Ministry of Industry and Trade (MoIT), the Vietnam Electricity (EVN), and experts shared the view that power supply will be basically guaranteed this year, but the challenge is that demand is forecast to surge amid the post-pandemic economic recovery.
Vietnam Electricity (EVN) has proposed several ways to tackle problems related to rooftop solar power development, especially in the context that there are few legal guidelines to regulate the highly necessary sector.
The Lao government is focusing on implementing an array of hydropower projects nationwide to increase its electricity exports to regional countries, including Vietnam and Cambodia.
Vietnam Electricity (EVN) said it will make adjustments to the power grid to ensure power supply for daily public energy use in the second quarter - the peak of the dry season, when power generation becomes a serious issue.
Vietnam Electricity (EVN) said it is accelerating power generation and grid projects, especially urgent infrastructure, to ensure supplies in the hot season.
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