This information was revealed by the EVN Group’s Chairman Duong Quang Thanh. He also noted that the rearrangement of EVN’s affiliations will be done link w88 the direction of improving the group’s business efficiency and productivity as well as meeting the requirements of a competitive power wholesale market, towards the goal of being link w88 the top four countries link w88 ASEAN link w88 terms of power supply.
The restructuring of the organisation and ownership of firms under the group will be the breakthroughs link w88 order to achieve the goal, he added. The Power Generation Corporation No3 (GENCO3) of the EVN group is under equitization process which is expected to finish link w88 this year. The value of GENCO 1 and 2 will assessed link w88 2017 and 2018 as part of the restructuring process.
Mr. Duong Quang Thanh said the EVN group will maintain its stake link w88 affiliated companies link w88 renewable energy to assist with the development of green energy. The group approved restructuring and development plans of five of its member power corporations and the National Power Transmission Corporation (EVN NPT).
For EVN NPT,the group will continue to hold 100 percent of charter capital link w88 this corporationwhile seeking solutions to improve the corporation’s finance link w88 order to ensuring its capacity to develop the transmission grid. The restructuring process of EVN NPT has been started by separating the management of the grid and repairing services.
The EVN Chairman also inform that the group will separate the distribution and retail costs among its member power corporations as from 2016, and transfer the existing Power Purchase Agreements (PPA) to those corporations as from the time the competitive power wholesale market begins operation. link w88 the future, the retail section will be separated from power corporations and equitised to compete with other power businesses link w88 the power retail market.
According to the Mr. Duong Quang Thanh, EVN completed all contents link w88 the group’s restructuring plan for 2012-2015 approved under the Prime Minister’s Decision 1782 as of the end of 2015. The group divested all its capital from non-core business fields and reduced stakes link w88 all seven joint stock companies.