Vietnam plans to restructure EVN business units over 2017-2020

Vietnam plans to restructure EVN business units over 2017-2020

The Vietnamese authorities have approved a project to restructure
Electricity of Vietnam (EVN) over the 2017-2020 period.

EVN is Vietnam's state-held company and is in charge of domestic electricity
generation, transmission, distribution and trading. The company will remain
state-held and the new plan aims to restructure its business units in order
to improve its efficiency.

EVN will hold 100% of the National Power Transmission Corporation, the
Northern Power Corporation, the Southern Power Corporation, the Central
Power Corporation, Ha Noi Power Corporation, the Ho Chi Minh City Power
Corporation and the National Load Dispatch Center. It will hold more than
50% of the power engineering consulting joint stock company 1 and 2, the
Power Generation Corporation 1,2,3 and the Vinh Tan 3 Energy Joint Stock
Company. EVN will withdraw from the capital of other engineering and
financial subsidiaries.

More generally, the Vietnamese government intends to reform Vietnam power
sector until 2025 and for this purpose, all generating companies (GenCos)
will be equitized under the state-held EVN, Petrovietnam (PVN) and Vinacomin
(mining conglomerate). At least 51% of the GenCos has to be detained by one
of the three aforementioned conglomerates and have to carry out the new
power plant projects according to the Vietnam Power Planning VII.

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Link to Original Article:
https://www.enerdata.net/publications/daily-energy-news/vietnam-plans-restru
cture-evn-business-units-over-2017-2020.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com