Power sector reforms change equity structure for seven power plants

As part of a programme of electricity sector reforms, the government of Vietnam has approved a scheme to equitise seven power plants over the coming year. The power plants due to go public are Thac Mo, Da Nhim – Ham Thuan and Thac Ba hydroelectric plants; and Uong Bi, Ninh Binh, Ba Ria and Pha Lai thermal plants. Thu Duc and Phu My thermal plants will also be converted into one-member limited companies as part of the scheme.

Government leaders have publicly said the electricity sector must maintain a stable power supply to continue economic growth. EVN has set a target of 51.75 GWh this year, an increase of 10.6% and to cut power losses to 11.4 per cent from the current 12.2%. Consequently, EVN will need to invest VND25.57 trillion ($1.65 billion) on new power plants, transmission lines, and associated equipment.