The Ministry of Planning and Investment appraised the project of separating A0 from EVN
09:30 | 25/08/2023
for separating the National Load Dispatch Center (A0) from EVN to establish the Single Member Joint Stock Company for the National Power System and Market Operation (NSMO) under the Committee for Management of State Capital at Enterprises (CMSCE).
In the appraisal report, MPI said that the separating report did not mention the charter capital and assets of EVN after splitting A0. After separating from EVN, the charter capital of the National Single Member Power System and Market Operation Company is expected to be more than VND 730 billion.
Therefore, MPI proposes CMSCE, and EVN check, calculate and confirm that the capital proposed in the project is enough for Company A0 in independent operation
In addition, the project needs to supplement the completion of some basic contents (such as the explanation for the total cost data required for production, business, investment and the ability to allocate capital).
MPI proposes CMSCE in coordination with the Ministry of Industry and Trade (MOIT) to develop a plan to ensure resources for the Company to implement the 5-year plan and annual plan.
MPI considers to ensure the Company to stable operate, there must be 3 phases of financial mechanisms:
Phase 1: A0 separating from EVN by the end of 2023.
Phase 2: from January 1, 2024 when the price law (adjusted law) is in force.
Phase 3: After the price law is forced, MOIT is proposed to develop the financial mechanisms for the Company to operate.
For the CSMCE, MPI proposes in coordination with MOIT to determine the clear time moment for completing the development of the circulation for guiding the power system dispatching and power market transaction costs for ensuring necessary costs for A0 operation.
The investment items of A0 have been approved by EVN, however, there are not enough voice-over for implementing progress and assessing the necessity and impact of these projects for the production and business activities of the Company.
In order to ensure stable and continuous activities in the operation of the power dispatching system A0 in the long term, MPI asks CMSCE and EVN to review the nine projects implemented by A0 for developing plans for continuous investment and implementation in a transitional phase of A0 from EVN to MOIT.
According to the opinion of MPI, CMSCE and EVN need to arrange investments for these projects in a total level of beginning capital of A0 in order to ensure these projects are not interrupted or stopped.