EVN and the World Bank cooperates effectively in many areas

On September 27, 2019, in Hanoi, EVN’s President and CEO Tran Dinh Nhan welcomed and worked with Mr. Ranjit Lamech – the Regional Director of the World Bank’s Infrastructure Department in the East Asia and Pacific region.

Mr. Ranjit Lamech affirmed that over the past years, the World Bank and EVN have built a good and fruitful cooperation relation, gaining significant achievements together in many fields such as: rural electrification, grid infrastructure development, solar energy, as well as assistances extended to help EVN and its member organizations obtain their credit ratings, etc.

EVN has effectively utilized the assistances from the World Bank as well as other international partners, constantly developing and becoming a powerful and prestigious economic and energy group in the region.

EVN’s President and CEO Tran Dinh Nhan (on the left) welcomed Mr. Ranjit Lamech – the Regional Director of the World Bank’s Infrastructure Department in the East Asia and Pacific region

According to EVN’s President and CEO Tran Dinh Nhan, at present, the scale of Vietnam's power generation capacity has reached 55,000MW, ranked 2nd in Southeast Asia, and 28th in the world. 100% of communes nationwide have access to electricity. The quality of electricity services is constantly being improved. Those successes are all marked by assistances of the World Bank.

However, at the moment, the power sector in Vietnam has been facing a lot of challenges. The demand for electricity is growing at a high rate of 10% per year, however the power system runs out of reserve capacity. Meanwhile, the implementation of many power projects in Vietnam is behind schedule, at the same time, the financial arrangement for power projects is not a piece of cake.

EVN's President and CEO suggested that the World Bank would keep on carrying out cooperation activities, especially in the financial area to support EVN in arranging finance for investment projects and well performing the mission of securing sufficient electricity supply for socio – economic development of the country.

Mr. Ranjit Lamech said that, based on effective outcomes of the cooperation between the two sides, in the coming time, the World Bank will continue collaborating with EVN to work out solutions for developing a robust and sustainable power sector in Vietnam.

Mr. Tran Dinh Nhan (middle) welcomes the delegation of Equatoriale Energy Company

On the same day, the President and CEO of EVN Mr. Tran Dinh Nhan (in the center) had a meeting with the delegation of Equatoriale Energy (EE, under EPIC Group - Singapore), led by Mr. Raymond Goh - Chairman of EE.

The two sides exchanged views on cooperation opportunities in the development of floating LNG power plant projects and other power generation projects in Vietnam.

Mr. Tran Dinh Nhan said that EVN always welcomes and is willing to cooperate with competent international partners, with the goal of sustainable development of Vietnam's electricity industry.

  • 27/09/2019 11:40
  • evn.com.vn
  • 959