Tag: evn
Fitch Ratings affirms Northern Power Corporation at ‘BB+’ with stable outlook
Vietnam Electricity (EVN)’s Northern Power Corporation (EVNNPC) has retained its long-term foreign-currency issuer default rating at “BB+” with a Stable Outlook, according to Fitch Ratings.
Equitisation aims to enhance business capacity: Deputy PM
Equitisation is not aimed at selling land or assets but improving the capacity and efficiency of State-owned enterprises (SOEs) to strengthen the national economy, Deputy Prime Minister Ho Duc Phoc said at a meeting in Hanoi on October 14.
EVN secures EUR65 million loan for expanded Tri An hydropower plant project
Electricity of Vietnam (EVN) has signed a loan agreement worth EUR65 million (US$75.5 million) with the German Reconstruction Bank (KfW) for the Tri An hydropower plant expansion project, the group has announced.
Gov't demands starting work on North – South high-speed railway by end of 2026
The Government on April 23 issued Resolution No. 106/NQ-CP that details the roadmap for implementing the North – South high-speed railway project, requesting all necessary conditions be completed to commence construction no later than December 31, 2026.
EVN proposes offshore wind power price cap of up to US$0.15/kWh in northern Vietnam
Vietnam Electricity (EVN) has proposed a regional electricity price framework for offshore wind power projects, with the highest suggested rate in the northern region reaching VND3,975.1 per kWh, equivalent to approximately US$0.15.
500kV transmission line from Laos energised
The Monsoon – Thanh My 500kV transmission line project's section in the Vietnamese territory was successfully energised on January 23 evening, according to the Vietnam Electricity (EVN)’s Power Project Management Board 2 (EVNPMB2).
MoIT approves price framework to purchase electricity from Laos
The Ministry of Industry and Trade (MoIT) has issued a decision approving a price framework for electricity imports from Laos starting from December 31, 2025.
Efforts exerted to complete transmission line carrying electricity from Laos
Efforts have been made to finish the 220kV Nam Sum – Nong Cong transmission line project in October to facilitate electricity imports from Laos to Vietnam to meet the rising demand in northern provinces.
Electricity supply resumed to over 4.8 million customers affected by typhoon
Vietnam Electricity (EVN) on September 11 announced that it has resumed electricity supply to more than 4.8 million customers out of over 5.9 million clients who have suffered from power outage due to Typhoon Yagi.
EVN reports record loss despite electricity price increases
Although electricity prices were increased twice in 2023, Vietnam Electricity (EVN) reported an after-tax loss of VND26.77 trillion (US$1.053 billion) on high electricity production costs, according to its audited financial report.
