Statistics showed that Việt Nam Electricity (EVN) commercial electricity output reached 62.66 billion kWh in the quarter, up by 11.42 per cent against the same period last year.
The suggested price adjustment aims to provide EVN with a sustainable revenue stream for its power plants'' operation and more accurately reflect the group''s input costs.
Low power demand coupled with an oversupply of electricity at times have forced authorities to cut the capacity of renewable energy plants to avoid overwhelming the national grid, according to the Ministry of Industry and Trade (MoIT).
Vietnam Electricity (EVN) signed various Memoranda of Understanding (MoU) on Sunday with investors of power projects in Laos to develop and purchase electricity from the neighbouring country in the time ahead.
Vietnam Electricity (EVN) on Wednesday launched the EVNSOLAR platform at solar.evn.com.vn to assist potential investors, both households and enterprises, in accessing this type of power.
As soon as the first cases of SARS-CoV-2 were confirmed in Da Nang and Quang Ngai, many firms have re-implemented pandemic prevention measures starting early this week.
According to EVN’s consolidated financial statements, in 2019, the corporation recorded VNĐ394.9 trillion in net revenue, up 17 per cent compared to the year prior.
Vietnam Electricity''s (EVN) Standalone Credit Profile (SCP) of ''bb'' has reasonable headroom to absorb the impact of the proposed reduction in electricity tariffs in the country, Fitch Ratings said in a report released on Wednesday.
Viet Nam Electricity has agreed to keep the current feed-in tariff of 9.35 US cents per kWh for rooftop solar power until 2021 as recommended by the Ministry of Industry and Trade.