EVN’s production and business performance in Q1 and key tasks for Q2/2026

EVN’s Production and Business Results in Q1/2026:

Specifically, total electricity generation and imports of the entire system in March reached 28.6 billion kWh. Accumulated in Q1 2026, total system output reached 76.86 billion kWh, an increase of 6.6% compared to the same period in 2025. The power generation mix in Q1 2026 was as follows:

1. Hydropower: 16.09 billion kWh, accounting for 20.9%.

2. Coal-fired thermal power: 40.58 billion kWh, accounting for 52.8%.

3. Gas turbines: 5.4 billion kWh, accounting for 7%.

4. Renewable energy: 11.8 billion kWh, accounting for 15.4% (including 6.98 billion kWh from solar power and 4.33 billion kWh from wind power).

5. Electricity imports: 2.92 billion kWh, accounting for 3.8%...

Electricity transmission output in the first three months of 2026 was estimated at 60.9 billion kWh.

In Q1 2026, EVN operated major hydropower plants such as Hoa Binh, Thac Ba, and Tuyen Quang at high capacity to supplement water resources as required by the Ministry of Agriculture and Environment. At the same time, it ensured electricity supply for pumping stations and irrigation systems serving the Winter–Spring rice crop (2025–2026) in the Northern Midlands and Red River Delta provinces. The total duration of water discharge across two phases was 15 days (1.5 days shorter than planned), with a total discharge volume of 3.348 billion cubic meters, saving 18% compared to the initial plan.

In March, EVN and its units actively participated in activities in response to the Earth Hour 2026 campaign. Amid complex global political, economic, and security developments affecting energy supply chains, efficient and economical energy use has been identified as one of the top solutions to reduce supply risks, lower production costs, and enhance economic competitiveness. It also contributes to ensuring national energy security and sustainable development.

Regarding customer services, in Q1 2026, the rate of non-cash electricity bill payments across EVN reached 99.77%. Power corporations received over 9.698 million customer service requests, of which 7.459 million (76.91%) were handled via online channels (National Public Service Portal, customer service websites, mobile apps, Zalo, etc.). The overall rate of electronic service request handling reached 99.83%.

In terms of construction and investment, in Q1 2026, EVN leadership regularly conducted on-site inspections of key projects, directly worked with local authorities, and urged solutions to difficulties and bottlenecks to accelerate project progress. The Standing Committee of EVN’s Party Committee issued Resolution No. 31-NQ/ĐU dated March 21, 2026, on leading and directing key investment projects in 2026.

Regarding key power source and grid projects in Q1 2026:

• Quang Trach 1 Thermal Power Project reached 98.4% of total progress and is preparing for synchronization of Unit 1.

• EPC contract for the Quang Trach 2 LNG-to-power project has been signed.

• The Hoa Binh Hydropower Expansion Project has received official acceptance from the State Inspection Council following the completion of its construction works....

In Q1 2026, EVN and its units commenced 46 projects and completed energization of 39 grid projects from 110 kV to 500 kV (including 1 project at 500 kV, 7 projects at 220 kV, and 31 projects at 110 kV). Notable projects include the capacity upgrade of Pho Noi 500 kV substation, the Doc Soi – Dung Quat 220 kV transmission line, and the 500 kV connection after Vinh Yen substation...

Key Tasks for Q2/2026:

Q2 is typically the peak of the dry season, and the implementation of plans in Q2 2026 is expected to face continued challenges, affecting EVN’s production, business performance, and financial situation. Geopolitical tensions (especially conflicts in the Middle East) may increase transportation and input fuel costs such as coal, oil, gas, and energy equipment. Domestically, Q2 is the peak of the hot season, with strong growth in industrial production and electricity demand, particularly in industrial zones. The development of AI and digital transformation continues to reshape energy management and consumption, while the growing adoption of electric vehicles is increasing nationwide electricity demand, especially in major urban areas...

Based on these forecasts, EVN will focus on the following key tasks:

1. Member units will concentrate efforts to implement directives from the Government, the Prime Minister, and the Ministry of Industry and Trade to ensure electricity supply during peak periods in 2026 and for 2027–2030; strengthen electricity saving measures and rooftop solar development in accordance with Directive No. 10/CT-TTg dated March 30, 2026.

2. Power generation corporations and plants will ensure adequate fuel supply for electricity production and maintain readiness to operate units in line with system requirements and reserve capacity as required by the National Power System and Market Operation Company (NSMO). Strict technical management, inspection, and maintenance procedures will be implemented to ensure unit availability and reliability, while complying with environmental regulations.
   Hydropower plants will closely monitor hydrological conditions and strengthen coordination with local authorities and relevant agencies to operate reservoirs flexibly and efficiently, balancing water needs for domestic use, agriculture, and power generation, especially during peak dry season and heatwaves.

3. The National Power Transmission Corporation will ensure safe and reliable grid operation, strengthen inspection and timely handling of equipment defects and corridor violations, and accelerate capacitor installation projects and energy storage system (BESS) deployment, particularly in the Northern region.

4. Power corporations and companies will develop detailed power supply plans for various scenarios, coordinate with large customers to adjust load during extreme peak periods, and work closely with NSMO on demand forecasting and management. Efforts will be intensified to promote energy efficiency and deploy BESS systems in distribution grids to ensure supply capability for 2026 and beyond, especially in Northern Vietnam.

5. Ensure progress of key power source projects:

• Quang Trach 1 Thermal Power Project: synchronize Unit 1 in April 2026 and aim for commercial operation in May 2026.

• Quang Trach 2 LNG Project: commence construction in Q2 2026.

• Quang Trach III LNG Project: complete FS appraisal in April 2026 and proceed with approvals to start construction in 2026.

• Continue implementation of Tri An Hydropower Expansion and Bac Ai Pumped Storage projects as scheduled.

6. Accelerate key grid projects to be energized in Q2 2026, including:

• Nho Quan – Phu Ly – Thuong Tin 500/220 kV transmission line.

• Nhon Trach 3 – Long Thanh 220 kV line.

• Tay Hanoi – Thanh Xuan 220 kV line.

• Dai Mo 220 kV substation (Hanoi).

• Phu Quoc 110 kV lines (North and South) serving APEC power supply...

To reduce difficulties in operating the power system during the dry season and prolonged heatwaves, EVN calls for continued cooperation from people and electricity users through efficient electricity use, especially avoiding the simultaneous use of high-capacity electrical appliances during peak hours, particularly in the evening. Efficient electricity use will also help minimize power system incidents and prevent high electricity bills./.