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Update news EVN
Big violations of principles made by the Electricity of Vietnam (EVN) have been found by the government inspectors. Economists believe the power group connived together with others to pocket people’s money.
VietNamNet Bridge – Vietnam’s competitive power generation market has attracted less than expected registrants after operating for over a year.
VietNamNet Bridge – Samsung moves ahead with its plan to develop power projects in Vietnam. However, it’s still unclear if it can succeed in the energy sector, once the Electricity of Vietnam (EVN) remains the only wholesale buyer.
The increase of coal and gas prices made input costs of the Electricity of Vietnam Group or EVN rise by VND7.2 trillion in 2013. In the first half of the year, EVN’s debts to the gas and coal groups nearly VND10 trillion ($476 million).
VietNamNet Bridge – After rushed investment decisions, several hydropower investors in Vietnam have been struggling to sell their investments as a result of inefficient business practices.
VietNamNet Bridge – Vietnam’s policy to purchase power at low prices and hold a controlling stake in state-owned power projects has discouraged many foreign investors in the power sector.
VietNamNet Bridge – A private hydropower company in the north has filed a petition accusing Electric Power Trading Company (EPTC) of abusing its position as the only power buyer in the competitive power market.
VietNamNet Bridge – The Ministry of Industry and Trade on Monday refused to answer questions on the power price hike although local reporters insisted on making the related information transparent.
More firms approved to use fast track customs service; 5.5% GDP target within reach?; Crunch time for manufacturers in July; Enterprises in difficulty despite intervention
VietNamNet Bridge – Seven-year-old Nguyen Anh Nhan has become an unlikely poster boy for the electricity-saving cause.
VietNamNet Bridge – The son of a high-flying electricity director, Nguyen Phuc Cuong was born to work in the power industry. But despite his dad's connections, it is the 30-year-old's hard work that has propelled him to US success
VietNamNet Bridge – Every time when the Electricity of Vietnam (EVN) plans to raise the retail electricity price, the war between the power generator and steel mills escalates.
VietNamNet Bridge – Vietnam Electricity Group will purchase electricity from biomass power projects at the price of VND1,170 per kWh or 5.6 U.S. cents exclusive of VAT and is adjusted based on foreign exchange rate.
VietNamNet Bridge – The Ministry of Industry and Trade (MoIT) has proposed an adjustment of retail power prices sold to households, producers and traders.
The electricity outage occurring in all the southern provinces some days ago and the electricity cuts in the first month of summer has made businesses worried stiff.
The Electricity of Vietnam (EVN), the only electricity wholesaler buyer, plans to buy 293 million kwh of electricity from China in June 2013.
The Bac Lieu wind power project has succeeded. However, this does not mean that the problems have all been settled. And they would still be the hindrance to the other wind power projects in the future.
VietNamNet Bridge – Some 40 percent of over 1,100 small-scale hydropower projects will be eliminated from the national power development plan due to low efficiency or lack of investor interest,
Businesses have been warned that the electricity price would be raised one or two times at least in 2013.
VietNamNet Bridge – A crane hit the 500 KV transmission line, causing the power outages in all 22 southern provinces this afternoon. The southern region is expected to have power back tonight, an official said.