Ministry asks to increase electricity supply by 4.4 billion kWh this year

Friday, May 03, 2024

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.

EVN proposes to prioritise coal supply for power production

Thursday, May 11, 2023

EVN has also proposed those two coal suppliers reduce coal supply for other sectors and to increase the amount of coal supplied for power production in the second quarter of 2023. Other sectors will be compensated in the last months...

EVN proposes electricity price hike to combat losses

Monday, Apr 03, 2023

The Electricity of Vietnam (EVN) has once again proposed to increase electricity prices to combat enormous losses, which may reach more than VND93 trillion (nearly US$4 billion) in 2022 and 2023.

Thermal power companies face stiff competition from renewable energy

Wednesday, Jul 21, 2021

Demand for electricity is soaring amid the peak of the hot season but stocks of thermal power companies still struggle as their power output is being strongly impacted by the development of renewable energy.

Solar power capacity to be cut due to oversupply

Tuesday, Jan 19, 2021

Nguyen Duc Ninh, director of the National Power Regulation Centre, has said Viet Nam will cut its renewable electricity capacity due to oversupply.

MoIT considers common retail power price

Friday, Jul 10, 2020

The Ministry of Industry and Trade (MoIT) is considering allowing households to choose a common retail power price for their electricity consumption, said deputy minister Hoang Quoc Vuong.

Promoting renewable energy an urgent requirement: Experts

Monday, Jul 22, 2019

Along with its rapid economic growth, Viet Nam’s electricity demand is also increasing strongly, causing huge pressure on the energy sector.

Electricity, aviation companies forecast for a great 2019

Tuesday, Feb 19, 2019

Power and aviation companies are among the industries forecast for better things this year, according to industry analysts.

PV Power targets $1.4b in 2019

Thursday, Jan 10, 2019

PV Power has set targets for total revenue of VND32.77 trillion (US$1.4 billion) and pre-tax profit of more than VND2.5 trillion ($107.3 million) for 2019. Its profit after tax is projected to reach VND2.28 trillion, but this year’s targets are...

Viet Nam to open electricity wholesale market next year

Monday, Oct 15, 2018

The competitive electricity wholesale market will be fully operational starting in 2019 following a successful year-long pilot period.

BGRIM clinches VN solar power supply deal with EVN

Thursday, Oct 11, 2018

B Grimm Power (BGRIM) has clinched an agreement to supply electricity from its solar photovoltaic (PV) farm in Phu Yen Province, Viet Nam, to Electricity of Vietnam (EVN), the largest power company in the country.

Fitch assigns EVN first-time ’BB’ rating; outlook stable

Thursday, Jun 07, 2018

Fitch Ratings on Wednesday assigned Electricity of Vietnam (EVN) a long-term foreign-currency issuer default rating (IDR) of ''BB'' with a stable outlook.

EVN mobilised $2.96 billion in 2016

Tuesday, Jan 17, 2017

Electricity of Vietnam (EVN) mobilised US$2.96 billion in official development assistance and preferential loans for its power projects last year.  

GENCO 1 and Sumitomo ink $1.08bn thermal plant expansion

Wednesday, Nov 26, 2014

The Electricity of Viet Nam''s (EVN) Power Generation Company 1 (GENCO 1) and Sumitomo Corporation of Japan have signed an agreement to expand the Duyen Hai 3 thermal power plant.

Power production up by 10.4% this year

Saturday, Sep 06, 2014

Electricity output and imports reported by Electricity of Vietnam (EVN) in August were estimated at 12.41 billion kWh.