Power General Corporation 3, a subsidiary of EVN, started trading shares on the Unlisted Public Company Market on March 21. — Photo vneconomy.vnViet Nam News HÀ NỘI — Electricity of Việt Nam (EVN) posted total electricity output and imports of 48.96 billion kilowatt hours in the first quarter of the year, representing 11.2 per cent yesr-on-year. EVN on Thursday said it would manage to ensure stable electricity supply in the country in the first quarter of the year. EVN has started construction of 28 power projects and has completed 41 power grids of 110-500kV capacity. The group targets to meet the increasing power demand of 12.5 per cent in the second quarter of the year. It will also continue to exploit thermopower and gas turbine power resources as well as ensure water supply for downstream regions. It aims to ensure stable operation of its thermopower plants, such as Vĩnh Tân 2, Vĩnh Tân 4, Duyên Hải 1 and … [Read more...] about EVN’s electricity output and imports rise by 11.2%
Electricity
Northern power firm produces 13.8 billion kWh of electricity in Q1
Workers of the Electricity of Vietnam (EVN) Group’s Northern Power Corporation at the Tuan Giao 110kV transformer station in Dien Bien province (Photo: VNA) Hanoi (VNA) - The Electricity of Vietnam (EVN) Group’s Northern Power Corporation (EVNNPC) has reported that its commercial power output in the first quarter of 2018 picked up 14.06 percent year-on-year to more than 13.8 billion kWh. Of the total amount, 65.06 percent was supplied for the construction industry, up 15.81 percent against the same time last year while 29.08 percent was provided for daily use, rising 9.7 percent. During the January-March period, the corporation’s member companies began construction of ten projects and put into operation 17 power supply works and transmission lines, adding 657 MVA to the national grid. Furthermore, the corporation completed all 14 customer service criteria, with average electricity access of 5.02 days per week. As of March 31, it informed power charges via … [Read more...] about Northern power firm produces 13.8 billion kWh of electricity in Q1
Is the electricity price in Vietnam too low or too high?
VietNamNet Bridge - While Vietnamese believe that the Electricity of Vietnam (EVN), the only electricity retailer, sets high retail prices, international reports point out that the electricity price in Vietnam is lower than in other countries. The retail electricity price has increased by 6.08 percent Southeast Asia Energy Outlook 2017 commented that the price in Vietnam is relatively low compared with other regional countries. The report says the state is still indirectly subsidizing electricity production, so the electricity price doesn’t truly reflect production costs. Vietnam is pursuing a plan to gradually raise retail prices to help power generators, including EVN, cover expenses. The report said the power sector in Vietnam has been doing well with an electricity access rate ranking third in South East Asia and a low proportion of population (2 percent) having no power. Another report on Vietnam’s energy, the World Bank’s Electricity Tariffs, … [Read more...] about Is the electricity price in Vietnam too low or too high?
485,000 kWh of electricity saved during Earth Hour 2018
Earth Hour logo (Source: Internet) Hanoi (VNA) – Vietnam saved 485,000 kWh of electricity, equivalent to 834 million VND (36,612 USD), during the Earth Hour from 8:30pm-9:30pm of March 24, according to the National Load Dispatch Centre. During the hour, many people from 63 provinces and cities nationwide switched off unnecessary electrical devices. This year’s figure represented a slight rise against the 471,000 kWh of electricity saved during the Earth Hour 2017. Speaking at a ceremony held by the Ministry of Industry and Trade in response to the Earth Hour in Hanoi’s August Revolution Square on March 24, Deputy Minister Cao Quoc Hung said that the Vietnamese Government has issued a lot of strategies and policies on thrift energy use and environmental protection in order to show the country’s determination to reduce greenhouse gas emissions. Earth Hour is the largest social event in the world, which has been observed in 7,000 cities of 172 countries … [Read more...] about 485,000 kWh of electricity saved during Earth Hour 2018
VinFast introduces 2 electric cars, 1 small sedan
Two models of electric car and a small sedan from Ital Design have been voted the favourite by Vietnamese people in a contest organised by Vingroup. Titled “Choosing lovely car with VinFast-2”, the contest was organised by VinFast Manufacturing and Trading Company Limited from March 8-18. Nearly 300,000 people took part in the contest. Electric car IDG EV A and small sedan IDG ICE A were the top models, with 22.8 per cent and 21 per cent votes, respectively, out of 36 models, thanks to their fashionable style. The overall design closely resembles the design of electric vehicles and small cars around the world, while some models incorporate subtle Oriental symbols, such as bird wings or flaming eyes with fire inside. Both the winning models have the iconic “V” symbol flying up on the car head, denoting the pride of Viet Nam. The IDG EV A emphasies the width with definitive lines, expressing its sporty and dynamic style. The design of IDG ICE A, on the other hand, … [Read more...] about VinFast introduces 2 electric cars, 1 small sedan