EVN’s electricity production and purchase estimated at 56.475b kWh in H1/2012

As per Electricity of Vietnam Group (EVN)’s business report for the first six months of this year, the group has finalised the dissolution of Dong Nai Hydropower Joint Stock Co and is submitting to the member board to consider the dissolution plan for five remaining units namely Ban Ve, Thu Bon, An Khe-Ka NaK, Se San 4 and Srepok.

In addition, EVN is submitting to the prime minister and Ministry of Industry and Trade (MoIT) its development strategy till 2020, restructuring plan in 2011-2015 period and business and production and development investment plan in 2011-2015 stage.

According to EVN, after one-year pilot operation, the competitive electricity market has officially been in operation since July 1, marking the initial transition from the current mechanism to market operation mechanism.

In the first phase, it is expected to have 29 power plants under 22 power generation companies with a total capacity of 9,035  MW to directly involve in the competitive electricity market.

Also in the first half of this year, EVN’s electricity production and purchase was estimated at 56.475 billion kWh, rising 10.98 percent from the same period last year, including the group’s power production of 24.777 billion kWh, accounting for 43.9%.

Local commercial electricity sale increased 11.83 percent from the same period last year, of which, electricity for industry and construction saw a rise of 10.98 percent on year, trade-service up 17.98 percent and management and consumption of people up 12.06 percent on year.

In this period, EVN has put into operation four turbines, including the first and the second turbines of Dong Nai 4 hydropower plant (340  MW), the first turbine of Kanak hydropower plant (6.5  MW), the fifth turbine of Son La hydropower plant (400  MW), equivalent to total capacity of 746.5  MW.

The group also said that in Jan-Jun, it has completed 16 220-500kV power grid works, 43 110kV works and kicked off construction on 15 500-220kV power grid works.

EVN said that in July, it will generate electricity for the second turbine of Kanak hydropower plant (capacity at 6.5  MW) and start reservoir of water for Ban Chat hydropower plant.

 

Category: Business