EVN and the US-ASEAN Business Council establishes good cooperation

On 4 March 2020, in Hanoi, EVN General Director Tran Dinh Nhan and EVN Deputy General Director Nguyen Tai Anh welcomed and worked with the US-ASEAN Business Council.

At the meeting, EVN General Director Tran Dinh Nhan said that EVN attached great importance to cooperative relations with the US-ASEAN Business Council. At the same time, the fact that many large US businesses such as GE, ExxonMobil, AES; Banks, financial institutions, etc., together participated at the meeting at EVN showed the interests of businesses to the Electricity of Vietnam.

The context of strong demand for electric power in Vietnam currently is an appropriate opportunity for US businesses to participate in Vietnam's electricity market, especially in the fields of supplying coal and gas fuels for power generation; financing non-government backed loans for development of power projects, etc.

EVN General Director Tran Dinh Nhan (middle) and EVN Deputy General Director Nguyen Tai Anh (rightmost) at the Meeting of US-ASEAN Business Council

More specifically, EVN Deputy General Director Nguyen Tai Anh said that currently, the installed capacity of Vietnam power system is about 55,000MW. To meet the load growth of about 10%/year, Vietnam needs a new capacity of about 5,000-6,000MW each year, with a diverse, harmonized power source structure.

Especially, in the coming time, many gas thermal power plant projects will be implemented. EVN needs to import a large volume of LNG for power generation, and wishes to have the opportunity to buy gas at competitive prices from US suppliers.

At the meeting, Ambassador Michael Michalak - Senior Vice President, Regional Chief Executive Officer of the US-ASEAN Business Council - thanked EVN leaders for sharing useful information and said that US businesses are eager to seek for and promote cooperation opportunities with EVN in the future, based on the good achieved results of cooperation.

EVN and the US-ASEAN Business Council exchanging a lot of useful information for the development of bilateral and multilateral cooperation.

In recent years, many US businesses have made certain contributions to the development of Vietnam's electricity sector. Specifically, AES Company has participated in the development of Mong Duong 2 BOT Thermal Power Plant Project, with a capacity of 1,240MW. This plant has been operating stably since 2015, making a significant contribution to the national grid. GE Group has established and developed a good and strong cooperative relation with EVN in many fields: senior management training, human resource management, technical exchange, etc.

With the US Trade and Development Agency (USTDA), EVN and its units have received a lot of supports through information technology support projects for the National Power Transmission Corporation, the. Central Power Corporation. USTDA and EVN jointly implemented two technical assistance programs: research and development of Southern Vietnam gas and power project, and research on application of energy storage technology (ESS) for Vietnam's power system.

  • 04/03/2020 04:10
  • evn.com.vn
  • 467