'Power shortage is a profound lesson that EVN is dissecting'

At the meeting of state-owned enterprises with the Government Standing Committee on the morning of March 3, Mr. Dang Hoang An, Chairman of Vietnam Electricity Group (EVN), reiterated that 2023 for the global energy industry is a year with many unpredictable problems, and " EVN is no exception".

Mr. Dang Hoang An, Chairman of Vietnam Electricity Group (EVN)

After 69 years of development, Vietnam's electricity industry has the largest power system in Southeast Asia. Electricity output has increased continuously for many years, from 2010 to 2019, the electricity growth rate is 10.35%.

In 2023 alone, it will increase by 4.56%, with the country's electricity output reaching 280.6 billion kWh. EVN's investment volume reached VND90,997 billion, disbursed VND87,545 billion, the highest among state-owned corporations and groups.

However, EVN leaders also admitted that the power shortage in May and early June, even for only 2-3 days in the North, had greatly affected the lives, production and business of people and enterprises.

"This is a profound lesson that EVN is continuing to analyze, dissect, and take remedial measures to better perform its tasks in the coming time," Mr. An said.

In 2024, EVN is determined to ensure enough electricity for production, business and people's daily life, to meet the GDP growth target of 6 - 6.5%, and not to let there be a power shortage in any situation as directed by the Prime Minister .

The group has prepared a scenario of high growth in electricity demand (9.18% or higher), with the total system's electricity output possibly reaching 306.4 billion kWh (an increase of 26 billion kWh compared to 2023).

At the same time, speed up investment projects to build power sources and grids with an investment volume of VND 102,000 billion (an increase of VND 11,000 billion compared to 2023).

In particular, focusing on key projects such as the Yaly hydropower expansion project - 360MW (operational in June 2024), Hoa Binh MR - 480 MW (operational in June 2025), Quang Trach 1 (1403 MW), preparing to invest in the Quang Trach 2 LNG thermal power project...

Mr. Pham Van Thanh, Chairman of Vietnam National Petroleum Group (Petrolimex)

Presenting the current situation of petroleum business activities, Mr. Pham Van Thanh, Chairman of the Vietnam National Petroleum Group (Petrolimex), proposed that the Government direct the development and promulgation of a new Decree on petroleum business to replace Decrees No. 83, 95, 80. The content is aimed at improving the quality of petroleum business hubs, raising the conditions for traders to distribute to warehouses and ports.

Regarding national petroleum reserves, Petrolimex continues to recommend that the Prime Minister direct relevant ministries and branches to promptly adjust the cost of preserving national reserves in accordance with reality. The reason is that the current national reserve fee was issued in 2003, and has not changed for 21 years.

The group also proposed mechanisms and policies to encourage petroleum businesses to shift to green and clean energy. Specifically, it assessed the implementation of Decision No. 49/QD-TTg in 2011 of the Prime Minister on the roadmap for applying emission standards for automobiles and two-wheeled motorbikes...

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