Power Trader Accused Of Abusing Monopoly Position

By Vietnamnet, August 12th, 2013 A private hydropower company in the north has filed a petition accusing Electric Power Trading Company (EPTC) of abusing its position as the only power buyer in the competitive power market. In the petition sent to Vietnam Competition Authority (VCA) of the Ministry of Industry and Trade, the private power … Continue reading

Vietnam To Increase Power Prices By End Of 2013: EVN

By StoxPlus, August 6th, 2013 Vietnam will not adjust up electricity from now to end of 2013, the VOV News reported, citing Dinh Quang Tri, Deputy Chief Executive Officer (CEO) of Vietnam Electricity Group (EVN) as saying. On July 1, 2013, Vietnam raised retailed electricity prices by 5%.  Accordingly, the retailed electricity prices will be added … Continue reading

Biomass Power Price Likely At 5.6 U.S. Cents Per KWh

By Vietnamnet, July 9th, 2013 Vietnam Electricity Group (EVN) will purchase electricity from biomass power projects at the price of VND1,170 per kWh or 5.6 U.S. cents exclusive of VAT and is adjusted based on foreign exchange rate. This is the content of the fourth draft on the supporting mechanism for biomass power projects in … Continue reading

EVN’s VND9.3 Tril. Debts To PVN, Vinacomin

By StoxPlus, July 10th, 2013 Vietnam Electricity Group (EVN) still owes Vietnam Oil and Gas Group (PVN) over VND9 trillion and Vietnam National Coal and Mineral Industries Group (Vinacomin) more than VND3 billion. PVN Chairman Phung Dinh Thuc said EVN since 2012 had fully paid PVN for the electricity it purchased. The debt of VND9 … Continue reading

MoIT Announces Draft Of Electricity Retail Price

On March 5, the Ministry of Industry and Trade(MoIT) disclosed draft of management mechanism and adjustment of electricity retail prices with following 3 main points: 1.  When the input factors make the electricity prices to increase 2-5% and in the price frame, Vietnam Electricity Group (EVN) is allowed to increase electricity prices in the corresponding level after getting approval from MoIT. 2. When input parameters  make electricity to increase more than 5% or the average retail electricity … Continue reading

Obstacles to Competitive Electricity Market

Though the competitive power market has been in operation in Vietnam for some eight months, in practice EVN still holds a monopoly over the market. The current market has 45 power plants, a number that may increase to 67 in the future. The sole buyer of the electricity they produce is Vietnam Electricity Group (EVN), … Continue reading

More Power Plants To Plug Into Vietnam Market

An additional 16 power plants will join Vietnam’s competitive energy generation market this year, bringing the total number of such plants to 48. The country launched the market last July in a move to shift the State’s monopoly of power supply to a more competitive market system. As such, power plants with capacities reaching 30MW … Continue reading

Vietnam’s Electricity Price Would Be Toweringly High

Jan 26 (VietNamNet Bridge) – It is expected that the electricity price needs to be raised by 40 percent by the end of 2015 in order to offset the losses the Electricity of Vietnam (EVN) incurs when it has to sell electricity at the prices lower than the production costs. After raising the electricity price by … Continue reading

Drought Could Cause Power Shortages

Feb 5 Ha Noi (VNS) – Vietnam may face a power shortage during the dry season due to serious droughts that have hit the country’s central and southern regions since late last year. Speaking at a recent meeting about power supply between January and June, deputy general director of Electricity of Vietnam (EVN) Dang Hoang Giang said … Continue reading

Remote And Mountainous Areas Connected To Power

About 6,000 poor ethnic households in remote areas of the northern provinces of Dien Bien, Lai Chau and Son La have been connected to the power grid in time for Tet, according to Electricity of Vietnam. The 351 households relocated to make way for the Thac Ba Reservoir in Thac Ba Hydro-electricity Plant in northern … Continue reading