Vietnam: EVN mobilised $2.96 billion in assistance, loans last year

Vietnam: EVN mobilised $2.96 billion in assistance, loans last year

ELECTRICITY of Vietnam (EVN) mobilised US$2.96 billion (Bt105 billion) in
official development assistance and preferential loans for its power
projects last year.

The funds were made available by international financial institutions, such
as the World Bank (WB), Asian Development Bank (ADB) and Japan International
Cooperation Agency.

Of the total, $1.76 billion was earmarked for new projects.

EVN said international co-operation contributed significantly to its growth
last year, with the WB and ADB supporting the group in studying long-term
programmes on finance, management restructuring, renewable energy and
infrastructure development. The group has worked with regional electricity
companies to research power exchange as well as continued projects within
the Greater Mekong Sub-Region (GMS), including the building of a GMS
electricity trade centre.

The group also organised working sessions and exchanged experiences on
management and business with regional electricity companies and joined
international forums such as the Asean Ministers on Energy Meeting (Amem),
Heads of Asean Power Utilities/Authorities (Hapua) and Asia-Pacific Economic
Co-operation (Apec).

In 2016, EVN generated and purchased 176.99 billion kWh of electricity, a
yearly increase of 10.8 per cent. Commercial electricity reached 159.45
billion kWh, a year-on-year rise of 11 per cent, surpassing the annual
target by 350 million kWh.

Coordination with irrigation sector

The group coordinated with the irrigation sector to provide over 3 billion
cubic metres of water for the 2015-16 winter-spring crops in the northern
delta while ensuring sufficient water for drought-hit areas in the central
and Central Highland regions.

At the end of 2016, 73 power plants were hooked up to the power market,
generating 17,929 MW of electricity.

EVN fetched over 264.6 trillion dongs ($11.7 billion, Bt414 billion) in
revenues last year, up 12.9 per cent against 2015. The group also put into
operation the Lai Chau hydropower project in the northern province of Lai
Chau last year, one year earlier |than scheduled, saving 5 trillion dongs
and ensuring electricity for flood-hit localities.

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com