Attending the workshop were senior energy and financial experts of the World Bank (WB-World Bank), representatives of the Ministry of Industry and Trade, the State Bank of Vietnam.
For EVN, Mr. Dinh Quang Tri - Vice President and representatives from specialized departments, attended the workshop.
At the workshop, representatives of EVN and experts of the World Bank discussed specifically about EVN’s business structure in order to provide optimal solutions to mobilize capital for solar power development. Besides, experts also pointed out challenges in finance facing the power sector. With strategy of developing solar power, EVN’s capital demand for the 2016-2020 period to serve the construction of power generation and power transmission system reaches USD 36 billion. This is such a huge amount of capital to be mobilized in just only 4 to 5 years. Cost of investment in solar power technology is high, but electricity price is required to be competitive compared to other fossil energy sources. Also, huge amount of investment required along with limited local financing sources impelled EVN to mobilize finance from international sources. Accordingly, EVN has to meet the requirements of these organizations and face with the risk of high exchange rate difference, etc.
Vice President Dinh Quang Tri expressed the hope that in the coming time, the WB continue to accompany and support EVN in mobilizing required financing sources to develop solar power - the clean and sustainable energy source targeted by the Government of Vietnam.