EVN holds key responsibility in developing power system: Deputy PM

EVN's total profit in 2013, including affiliates and subsidiaries, reached more than 4.938 trillion VND (230.8 million USD) (Photo: VNA)

Speaking at a ceremony to announce the appointment of the Chairman of the EVN Member Council on March 31 in Hanoi, Deputy Prime Minister Hoang Trung Hai urged the group to seek alternative energy sources for the long-term to ensure an adequate, stable and continuous supply of electricity for the national economy and the sustainable development of the sector.

He also requested the EVN build on its positive momentum and improve its transparency, competitiveness and effectiveness.

Deputy PM Hai congratulated new EVN Chairman Duong Quang Thanh, expressing his belief that Thanh and the group’s steering committee work together to reap achievements.

Thanh said the Member Council will focus on the efficient operation of existing systems and mobilising resources to accelerate construction initiatives, thus ensuring a stable electricity supply for the economy and the society.

According to the new Chairman, the EVN will accelerate the implementation of a project enhancing its business production productivity as well as its restructuring roadmap as approved by the Prime Minister.

Other priorities will also be given to enhancing publicity campaigns and technological application in business and services to facilitate service access and environment, Thanh added.

The new Chairman also rolled out three strategic approaches to promote the council’s operations and performance, including improving human resource quality; increasing management in tandem with enhancing staff autonomy; and strengthening science and technological application in production and management.

The State-run EVN specialises in producing, transmitting and trading electricity. It also manages the national grid, power imports and exports, and electric operations.

Last year, the EVN expanded its power network to 99.59 percent of all communes nationwide, bringing electricity to 98.22 percent of rural households, surpassing the goal set by the 11th National Party Congress for 2015 by 0.22 percentage points.

The Prime Minister has approved a plan to raise Electricity of Vietnam's (EVN's) charter capital to 160 trillion VND (7.62 billion USD) by the end of 2015.

According to the Ministry of Industry and Trade’s latest report, EVN's total profit in 2013, including affiliates and subsidiaries, reached more than 4.938 trillion VND (230.8 million USD). It was estimated that EVN alone generated almost 300 billion VND (14 million USD) in 2014.

Source VNA