Power corporation to record over 12% growth in 2018

The Northern Power Corporation (EVNNPC) is projected to enjoy a 12.14% production growth in 2018 with 64.3 billion kWh of electricity, according to a report delivered at the firm’s customers’ meeting in Hanoi on December 11.

power corporation to record over 12% growth in 2018 hinh 0

This year, the EVNNPC is likely to earn VND105 trillion (US$4.51 billion), up 16.62% over 2017, said the report.

So far this year, the firm has provided middle-voltage power to 2,107 customers. All service standards of the firm have been improved, winning more satisfaction from customers.

Addressing the event with the participation of nearly 400 customers, Le Quang Thai, EVNNPC Deputy General Director said that the firm will focus on enhancing its capacity and working attitude as well as streamlining its organisation and management system.

The corporation will continue strengthening the application of technology in production and show stronger performance in serving customers and the society, he said.

Shim Won Hwan, General Director of Samsung Vietnam, lauded the cooperation of EVNNPC, noting that power is significant to the firm’s production and one day of power cut can lead to US$200,000 in loss.

Vo Quang Lam, Deputy General Director of the Electricity of Vietnam, highlighted contributions of customers in ensuring power supply through the refrain from electricity use in peak hours.

He called for economical and effective use of electricity as 2019 is forecast to be a tough year for the power sector.

According to report by the World Bank, Vietnam posts 87.94 points in Power Access Index in 2018, ranking 27th out of the 190 economies, 37 places higher than the 2017 ranking, and becoming the country with the most impressive step forwards in the index in the region.

Vietnam also surpasses the Philippines to rank fourth among the ASEAN countries in the field. It is in the second position in the region regarding time to provide power services.

VNA

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