Electricity

The Ministry of Industry and Trade (MoIT) has warned that the northern power grid faces a shortfall of approximately 4,350MW. It has a median daily generation of approximately 30.9 million kWh; however, the largest daily output can reach 50.8 million kWh.

The electricity of Vietnam (EVN) forecasted that in the next June and July, the North will enter the peak hot weather and the load of the national power system will increase higher than planned. With the hydrological situation and the slow progress of new power projects, the North would likely lack thousands of MW of electricity in this hot season.

The Government Office has just issued a notice on the conclusions of Deputy Prime Minister Tran Hong Ha at the meeting on perfecting the National Power Development Planning for the period of 2021 - 2030, with a vision to 2050 (PDP VIII). The Vietnam Energy Magazine quotes the following conclusion for readers' reference.

The Vietnam Energy Association (VEA) has just sent a document to the Government, the Ministry of Industry and Trade, and the Electricity Regulatory Authority of Vietnam "The proposal to increase the power purchase agreement for the small hydroelectric plants in 2023".

The Ministry of Industry and Trade (MOIT) has just required Electricity of Vietnam (EVN) to urgently coordinate with the investors of the transitional wind and solar power projects to unify the electricity prices before March 31, 2023.

Recently, the World Bank's independent evaluation team (IEG team) of the World Bank (WB) worked with the Ministries, Agencies, National Power Transmission Corporation (EVNNPT), and the units for accessing the efficiency of Transmission power grid (TEP) funding by WB loan capital.

The Committee for Management of State Capital at Enterprises (Committee) has just submitted to the Prime Minister for approval of the Project on restructuring the Electricity of Vietnam (EVN) in the period of 2021 - 2025. In this, the Committee proposed that EVN should hold 100% charter capital at the power transmission and distribution corporations, Thu Duc Thermal Power Company Limited, and proposed to terminate the operations of the National Load Dispatch Center (A0) and Thai Binh Thermal Power Company and Vinh Tan 4 Thermal Power Plant...

Mr. Nguyen Hong Dien - Minister of Industry and Trade (MOIT) and Mr. Nguyen Hoang Anh - Chairman of the Committee for the Management of State Capital at Enterprises (the Committee) had a working meeting with the state-owned groups in the energy field as the Electricity of Vietnam (EVN), Vietnam National Coal and Mineral Industries Group (TKV) and Petroleum of Vietnam (PVN).

On February 17 and 18, 2023, Mr. Rémy Rioux - General Director of the French Development Agency (AFD), President of the International Development Finance Club (IDFC), and President of the Summit General Finance (FICS) visited and worked in Vietnam and Electricity of Vietnam (EVN). The visit is for preparing the Summit Conference on the New Summit Global Financial Agreement to be held in June 2023 in Paris.

On February 15 in Hanoi, Mr. Nguyen Hong Dien - Minister of Industry and Trade (MOIT), and Mr. Nguyen Hoang Anh - Chairman of the Committee for the Management of State Capital at Enterprises (CMSCE) co-chaired a meeting with the Electricity of Vietnam (EVN) to discuss a number of investment projects for developing the power plants and power grids, the financial balance of EVN in 2022 - 2023 and develop a plan for the average retail price of electricity in 2023.

On February 14, 2023, in Hanoi, Electricity of Vietnam (EVN) and the Bank for Agriculture and Rural Development of Vietnam (AGRIBANK) held a ceremony to sign a credit contract worth VND 2,400 billion for the extended Ialy Hydropower Project. The extended Ialy Hydropower Project has been approved by the Prime Minister for investment policy, and its feasibility study project was approved by the Committee for Management of State Capital at Enterprises.

On the afternoon of February 13 in Hanoi, Mr. Duong Quang Thanh - Chairman of the Council Members of Electricity of Vietnam (EVN) had an online meeting with Mr. Meng Zhenping - Chairman of China Southern Power Grid Company Limited (CSG) for summarizing the projects and cooperation activities between the two sides in 2022 and exchanging orientations on development and cooperation in 2023.

On the morning of February 5, 2023, in the Conference on the Investment Promotion and Deployment of implementing the action plan of the Politburo Resolution No. 26-NQ/TW, happening in Quy Nhon City, Binh Dinh province, Mr. Nguyen Hong Dien, the Minister of Industry and Trade (MOIT) handed the decision on approving the investment policy of Son My 2 Gas Power Project (CCGT) with a capacity of 2.2 GW and a total investment of 1.8 billion US$ to Vietnam AES Company. The project is developed in Binh Thuan province having a 20-year contract with the Vietnamese Government.

The Prime Minister has just issued a decision on the average retail electricity price(excluding value-added tax) as follows: The minimum average retail price of electricity is 1,826.22 VND/kWh; The maximum average retail price of electricity is VND 2,444.09/kWh (Decision No: 02/2023, dated February 3, 2023).

Implementing the "National Digital Transformation Program to 2025, with orientation to 2030" of the Government, EVN has clearly demonstrated the pioneering role of state-owned enterprises, actively transforming the thinking and ways, taking advantage of the power of digital technology to improve operational efficiency, and serving customers better.