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First inspection results show EVN’s high salaries despite losses

The Ministries of Labour, Invalids and Social Affairs (MoLISA) and Industry and Trade (MoIT) met yesterday to assess the first results of the inspection into salary payment at the Electricity of Vietnam Group (EVN). In an interview with DTiNews yesterday afternoon, deputy minister of the MoLISA, Bui Minh Huan said that his inspection team had performed their task at 25 subsidiaries of EVN, including... 

Contract for new VN thermo-power plant signed

Company PECC2 of Electricity of Vietnam Group and Malaysia-based Toyo Ink Group signed a contract in Ho Chi Minh City on Jan. 11 to provide consultancy for drafting the Song Hau 2 Thermo-Power Plant project. The signing was a follow-up to Memorandum of Understanding between Toyo Ink and PECC2 in 2009. Located at Song Hau Power Centre in Chau Thanh district of the southern Hau Giang province, the plant... 

Powering up market trial

The competitive power market trial from July 1, 2011 has drawn great public attention. Under current regulations, 83 power businesses with an annual production capacity of over 30 megawatts per year are eligible to participate in the competitive power market to win the right for selling power to the national power system. However, multi-purpose power plants such as Hoa Binh, Yaly and Tri An and... 

Vietnam sets over $6.6m for energy development

Ministry of Industry and Trade and United Nations International Development Organization (UNIDO) lately signed a cooperation deal in launching the project of boosting energy efficiency in industry through maximizing system and standardize energy management in Vietnam, the VnExpress reported. Accordingly, the project prioritizes construction of capacity of equipment producers and distributors,... 

Electricity prices floated on market base from Jul 1

The competitive electricity market will be run in two phases: trial and official operation. In which, the pilot operation phase will start from July 1, 2011 and the latter will be conducted from 2012 to the end of 2014, the VnExpress reported on May 18, citing the announcement of Ministry of Industry and Trade.For the first phase, the electricity sector will spend first 2 months to pilot virtual... 
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