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  Business

EVN farms out power provision

Electricity of Vietnam (EVN) revealed that power producers outside its corporate membership are to be allowed to sell electricity to specific groups of end-users.

Policies for a more competitive power market have been in effect for over one month, but are yet to yield consumer benefit thus as current sales rates are dictated by the State.

A competitive surge is expected from January 1 2005, when power companies outside the EVN conglomerate are permitted to sell electricity directly to customers, for example industrial zones or regional providers.

EVN will allow non-member companies to sell electricity, as well as renting out transmission lines. In doing so, investment should be encouraged in the power sector, through new projects and share sales in equitised power plants.

Increased investment and subsequent competition should result in lower power prices. Once the market is more competitive, charge fluctuations will be dictated to supply and demand rules.

Vietnam Agency - (20/08/2004)


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