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Vietnam Electricity reports losses of $635 mln

Vietnam Electricity reports losses of $635 mln

Vietnam Electricity (EVN) posted losses of VND15.758 trillion ($635.4 million) between January and October, with higher fuel prices a major contributing factor.
EVN fears power shortage as dams in rain-hit north discharge water early

EVN fears power shortage as dams in rain-hit north discharge water early

Early water release from major hydropower dams due to the continuing heavy rains could cause electricity shortages in the north, national utility Vietnam Electricity has warned.
June 18, 2022 | 12:23 am PT
No rise in power prices this year: EVN

No rise in power prices this year: EVN

State-owned utility Vietnam Electricity (EVN) has committed to keep electricity prices unchanged until the end of 2022, but warned extending it would be "extremely challenging."
April 9, 2022 | 05:00 am PT
North to face power shortage next year: EVN

North to face power shortage next year: EVN

The northern region will face power shortages of 1,500-2,400 MW in 2022 during peak hours and extreme weather, Vietnam Electricity has warned.
November 26, 2021 | 07:43 pm PT
No incentive price extension for wind power plants: ministry

No incentive price extension for wind power plants: ministry

The Ministry of Industry and Trade said Friday it would not consider extending the feed-in-tariff incentive price for wind power projects after Oct. 31.
September 30, 2021 | 07:20 pm PT
EVN posts 49 pct profit rise

EVN posts 49 pct profit rise

National utility Vietnam Electricity (EVN)’s post-tax profit last year surged 49 percent from 2019 to VND14.48 trillion ($631.47 million).
July 5, 2021 | 04:45 am PT
French loan to partly fund central highlands hydropower plant

French loan to partly fund central highlands hydropower plant

Vietnam Electricity will borrow EUR74.7 million ($88.9 million) from the French Development Agency to build a hydropower plant in the Central Highlands.
June 29, 2021 | 07:28 pm PT
EVN names contractors for 1,200-MW thermal plant

EVN names contractors for 1,200-MW thermal plant

Vietnam Electricity, the country’ sole power distributor, has signed up three contractors for building a 1,200-MW thermal power plant at a construction cost of $1.3 billion.
June 17, 2021 | 08:02 pm PT
Vietnam to reduce thermal power production

Vietnam to reduce thermal power production

Vietnam targets reducing coal-fired power production by 6 percent this year to prioritize solar and wind energy even as it grapples with limited transmission capacity.
May 5, 2021 | 03:17 am PT
Electricity oversupply forces authorities to cut solar output

Electricity oversupply forces authorities to cut solar output

After years of facing the threat of power shortages, Vietnamese authorities are concerned about an electricity glut this year, and are cutting renewable energy production.
February 24, 2021 | 12:06 am PT
Vietnam power utility unit to go public

Vietnam power utility unit to go public

A $2-billion power generation unit of state-owned utility Vietnam Electricity (EVN) will have an initial public offering on the country’s main bourse next month.
January 22, 2021 | 06:00 pm PT
Vietnam to cut 2021 renewable energy output

Vietnam to cut 2021 renewable energy output

Vietnam plans to reduce its renewable energy output by 1.3 billion kilowatt hours (kWh) this year, with transmission capacity unable to handle the supply.
January 13, 2021 | 06:00 pm PT
Solar power boom poses a distribution challenge

Solar power boom poses a distribution challenge

The increasing solar power capacity has made it difficult for national utility Vietnam Electricity (EVN) to ensure stable power distribution nationwide.
January 5, 2021 | 05:31 am PT
Industry leadership incentives proposed for three state-owned giants

Industry leadership incentives proposed for three state-owned giants

The Ministry of Planning and Investment has proposed special policies for telcom giants Viettel and MobiFone and national utility Vietnam Electricity to enable industry leadership.
December 22, 2020 | 03:00 am PT
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