EVN to kick-start more power plants in April

EVN will put TM5 of Son La Hydropower Plant into operation, continue the trial runs of the 1st generator and complete the installation of the 2nd generator of Dong Nai 4 Hydropower Plant, begin the electricity generation of the 2nd generator of Kanak Hydropower Plant and ensure the progress of many other projects.

The load of electricity system may reach up to 331 million kWh a day and the biggest capacity will range between 16,500-16,900 MW, according to EVN.

EVN said in March 2012, the national electricity system run safely and stably. The electricity output of the entire system reached 10.03 billion kWh.

Vietnam produced a total of 26 billion kWh electricity in the first quarter of this year, making a year-on- year rise of 15.1 percent, according to the General Statistical Office (GSO).

The country's electricity output in March was at 9.6 billion kWh, up 17.9 per cent on year.
EVN has targeted to increase produced and imported electricity amount to 120.7 billion kWh in 2012, up 10.9 percent from 2011.

Electricity price stabilization fund to set up

Deputy Prime Minister Hoang Trung Hai has assigned the Ministry of Finance to coordinate with other ministries and agencies to develop and promulgate mechanisms for the operating an electricity price stabilization fund.

The directive has been made on the basis proposed by the Ministry of Industry and Trade on the adjustment of electricity prices in the basic input parameters.

Accordingly, the monthly calculation for electricity prices is based on the fluctuations of the input parameters including the exchange rate, fuel and electricity production structure. 

Before the 20th of each month, EVN will have to finish the price calculation based on price fluctuations of basic input parameters.

Specifically, EVN will be allowed to deduct from electricity price stabilization fund to stabilize prices.

If the cost of electricity generation still increases over 5 percent after EVN extracts funding from the stabilization fund, EVN will be allowed to increase electricity prices at 5 per cent.

Five days after the Ministry of Industry and Trade does not reply on EVN price hike requirement, EVN is allowed to adjusted electricity price up by 5 percent compared to current electricity prices.