Electricity

Primer Minister Pham Minh Chinh signed Direction No 1/CT-TTg on 3/Januayy/2025 on solutions to ensure electricity is sufficient for people's lives, production and business in the high time of 2025 and in the 2026 – 2030 period.

Deputy Prime Minister Bui Thanh Son has just signed Decision No. 1682/QD-TTg, dated December 28, 2024, approving the addition and update of the Plan for implementing the National Power Development Plan for 2021-2030, with a vision to 2050. This Decision issues an appendix to supplement and update the list of power source projects (in Appendix III) and transmission grids (in Appendix V) of Decision No. 262/QD-TTg dated April 1, 2024.

On December 21, 2024, the National Power Transmission Corporation (EVNNPT) and the Northern Power Project Management Board (NPMB) coordinated with relevant units to energize the 220 kV Nam Sum—Nong Cong transmission line project successfully.

On December 17, 2024, in Hanoi, Chairman of The Electricity of Vietnam (EVN) Dang Hoang An and General Director of EVN Nguyen Anh Tuan chaired the 2024 Business and Customer Service Conference. The conference was conducted online and connected to the bridge points of power units nationwide.

On December 8, 2024, the Electricity of Vietnam (EVN) held a conference to summarize the investment and construction of the third circuit 500kV line from Quang Trach (Quang Binh) to Pho Noi (Hung Yen) with the participation of Prime Minister Pham Minh Chinh.

Deputy Prime Minister Ho Duc Phoc has just signed Decision No. 22/2024/QD-TTg abolishing all Decision No. 41/2017/QD-TTg (dated September 15, 2017) regulating the procedures for transferring power projects invested with state capital to the Electricity of Vietnam (EVN) for management. Decision 22 takes effect from January 15, 2025.

Deputy Prime Minister Bui Thanh Son signed and issued Decision No. 1274/QD-TTg, approving the investment policy of the 500 kV Lao Cai—Vinh Yen transmission line project. The investor is Vietnam Electricity (EVN).

Deputy Prime Minister Ho Duc Phoc has just signed Decision No. 1271/QD-TTg dated October 25, 2024, approving the Project to Restructure The Electricity of Vietnam (EVN) until the end of 2025 with a total overcome to grow by an average of 7-10%.

On October 19, at the Government headquarters, Prime Minister Pham Minh Chinh chaired a meeting of the Government Standing Committee with ministries and agencies on the implementation of important projects of the Vietnam Oil and Gas Group (PVN) and Electricity of Vietnam Group (EVN) to ensure adequate electricity supply and ensure national energy security.

Based on the inspection results of the interdisciplinary inspection team, the Ministry of Industry and Trade has just announced the results of the inspection of electricity production and business costs in 2023 of Electricity of Vietnam (EVN).

On October 1, 2024, in Hanoi, Vietnam Oil and Gas Power Corporation - Joint Stock Company (PV Power) announced a credit contract worth 521.5 million USD to finance the Nhon Trach 3 and 4 Power Plant projects. This is a credit contract signed with a consortium of 2 banks Citi and ING, insured by KSURE and SERV.

On September 23, in Hanoi, The Electricity of Vietnam (EVN) Chairman Dang Hoang An worked with the mission of TBEA Hengyang Company (China) led by Mr. Sun He Cheng - Deputy General Director. Previously (September 20), Deputy General Director of EVN Nguyen Xuan Nam worked with the missions of the European Commission (EU) and the European Investment Bank (EIB).

On the morning of August 29, 2024, in Hung Yen province, Prime Minister Pham Minh Chinh attended inaugurating ceremony of the third line of 500kV project from Quang Trach (Quang Binh) to Pho Noi (Hung Yen).