evn begins expansion of duyen hai 3 thermal plant

EVN begins expansion of Duyen Hai 3 thermal plant

Electricity of Vietnam began construction on the expanded Duyen Hai 3 thermal power plant last week, immediately after signing an engineering and procurement and construction contract with Japan’s Sumitomo Corporation.
work on construction of power supply for nuclear power plant starts

Work on construction of power supply for nuclear power plant starts

The Electricity of Viet Nam (EVN) on December 12 started the construction of a power supply system which will serve the building of Ninh Thuan Nuclear Power Plant.
sumitomo wins deal to build extended thermal power plant

Sumitomo wins deal to build extended thermal power plant

Vietnam Electricity Group (EVN) on November 25 awarded an engineering, procurement and construction (EPC) contract worth US$891 million to Japan’s Sumitomo to build the extended Duyen Hai 3 thermal power plant.
evn divests from non core businesses

EVN divests from non-core businesses

The Electricity of Viet Nam (EVN) will auction 62.5 million shares of EVN Finance Joint Stock Company, or 25 per cent of its stakes, on the Ha Noi Stock Exchange next month, the exchange announced on the website.
evn struggles to cope with rising input costs

EVN struggles to cope with rising input costs

The rising prices of coal and gas for power production look to push up the state-run Electricity of Vietnam (EVN)’s 2014 operating costs by around VND7 trillion ($328.6 million), which will seriously hurt the firm’s financial plan.
evn purse strings tightened

EVN purse strings tightened

The Prime Minister has issued Decree 82/2014/ND-CP on the financial management of Vietnam Electricity (EVN).
evn banned from investment in property finance and securities

EVN banned from investment in property, finance and securities

The government has issued a regulation on financial management for Vietnam Electricity Group (EVN), banning the group from investing in certain of non-core areas, such as real estate, finance and securities.
japan helps vn build thermal power plant

Japan helps VN build thermal power plant

The Viet Nam Electricity (EVN) and the Japan Bank for International Cooperation (JBIC) on July 17 signed a credit agreement for the Vinh Tan 4 thermal power plant project.
wind power debate coming to a head over evn feed in tariffs

Wind power debate coming to a head over EVN feed-in tariffs

Debates over feed-in-tariffs for wind power plants are intensifying, as the Ministry of Planning is in the process of revising the support mechanisms granted to wind power projects.
evn pulls out from property sector

EVN pulls out from property sector

Electricity of Viet Nam (EVN) has completed divestment from its real estate holdings and is hurrying to withdraw capital from financial organisations, according to officials.
air conditioning behind jump in electricity bills says evn

Air conditioning behind jump in electricity bills, says EVN

Ha Noi Electricity Corporation (EVN Ha Noi) yesterday responded to complaints by consumers, who claimed they had paid two or three times more for electricity last month despite normal consumption.
evn to slash 98 mln from non core ops

EVN to slash $98 mln from non-core ops

Electricity of Vietnam (EVN) plans to withdraw capital worth VND2.07 trillion (US$97.64 million) from seven non-core companies by 2015.
the lessons of evns incompetence

The lessons of EVN’s incompetence

Despite government assistance, many state-owned enterprises still operate ineffectively. In order to tap their potential, insightful analysis must be conducted, and lessons learnt to ensure that the restructuring process has the best possible results. Vietnam Association for Foreign Invested Enterprises chairman Nguyen Mai writes about the lessons available from the power and telecommunications sectors.
evn throws 575 bln into fields outside power sector state inspectors

EVN throws $5.75 bln into fields outside power sector: state inspectors

The total investment that the Electricity Group of Vietnam (EVN) has sunk into sectors other than its core business is as huge as VND122 trillion, or US$5.75 billion, the Government Inspectorate of Vietnam said in a report released Friday.
evn flayed in inspection report

EVN flayed in inspection report

The Government Inspectorate last week announced numerous wrongdoings at the state-run Electricity of Vietnam, the country’s sole power distributor.