Founding the National Electricity System and Market Operation (NSMO) Company Limited
10:32 | 07/08/2024
The NSMO is a state-owned enterprise with 100% of the charter capital held by the State:
After its founding, NSMO is a state-owned enterprise with 100% of the charter capital held by the State, organized according to the model of a one-member limited liability company with the State Capital Management Committee at Enterprises as the representative agency of the owner.
The NSMO is responsible for being the national power system dispatching unit, operating electricity market transactions according to the provisions of the Electricity Law and related laws, including the following tasks:
- Establishing a method for commanding and operating the national power system with the goal of safety, stability and reliability; operating electricity market transactions to ensure fairness and transparency; contributing to ensuring the goal of safe, stable and continuous electricity providing for economic, political, social, security and defense activities.
- Investing in, managing, operating, maintaining and servicing specialized information technology telecommunications infrastructure serving the power system operation, operating electricity and renewable energy market transactions.
- NSMO ensures sustainable and effective operations; optimizes costs, manages and uses state capital and assets invested in NSMO effectively and by regulations.
- Other tasks as prescribed by law.
The charter capital of NSMO at the time of its founding is 776 billion VND.
Regarding the method of separating A0 from EVN to find NSMO:
Separating the assets, rights and obligations of EVN currently assigned to A0 for management and implementation to transfer to NSMO according to regulations.
The separation period is within 7 days from the effective date of Decision 752/QD-TTg (August 1, 2024).
Transferring the right to represent the owner of state capital at NSMO from the Capital Management Committee to the Ministry of Industry and Trade after completing the separation and finding NSMO:
Deputy Prime Minister Tran Luu Quang also signed and issued Decision No. 753/QD-TTg of the Prime Minister approving the policy of transferring the right to represent the owner of state capital at NSMO from the State Capital Management Committee at Enterprises to the Ministry of Industry and Trade after completing the separation and found NSMO according to regulations.
The State Capital Management Committee at Enterprises shall be transferred to the Ministry of Industry and Trade per the provisions of law immediately after the separation and found completed (according to Decision No. 752/QD-TTg of the Prime Minister).
The Ministry of Industry and Trade shall be primarily responsible for preparing all necessary conditions to receive the NSMO, including the mechanism to ensure working capital for the NSMO by the provisions of law, ensuring that the NSMO continues to operate stably, continuously and effectively after the transfer.
The Ministry of Industry and Trade shall be responsible for the content of the report and proposal; decide and implement the transfer of the right to represent the ownership of state capital and preside and combine with relative agencies to promulgate or submit levels with competence to promulgate the law documents for NSMO activities
The NSMO proactively studies proposes, and forecasts difficulties and obstacles in the operation process, has specific proposals, and clearly states the authority to amend, supplement, and issue new legal documents and relevant instructions serving the effective and safe operation of the power system./.
