New instructions on transferring A0 to the Ministry of Industry and Trade

01/04/2024 06:58 V. Hang Print article

ANTD.VN - Deputy Prime Minister Tran Luu Quang directed the financial handling when transferring the National Power System Control Center (A0) to the Ministry of Industry and Trade and the time of transfer.

A0 is about to be transferred to the Ministry of Industry and Trade.

The Government Office has just announced the conclusion of Deputy Prime Minister Tran Luu Quang at a meeting on transferring the National Power System Dispatch Center (A0) from Vietnam Electricity Group (EVN) to the Ministry of Industry and Trade.

Accordingly, the Deputy Prime Minister agreed to assign the State Capital Management Committee at Enterprises to synthesize and receive to complete the project dossier for separating A0, establishing a new enterprise, the National Electricity System and Electricity Market Operation Company Limited (NSMO), the draft decision of the Prime Minister approving the policy and related dossiers.

In particular, regarding the additional charter capital for NSMO in the 2024-2028 period, the Ministry of Industry and Trade is responsible for proposing an appropriate additional charter capital level to ensure the stable, continuous and effective operation of NSMO.

According to the plan of the Ministry of Planning and Investment, after separating from EVN, NSMO's charter capital is expected to be VND776 billion. However, A0 has 26 investment items with a total capital of more than VND5,165 billion, including 9 urgent projects. Therefore, the Ministry of Industry and Trade proposed to add VND3,520 billion to NSMO's charter capital for the 2024-2028 period, prioritizing capital allocation for 9 urgent projects.

Meanwhile, the Capital Management Committee agreed with EVN to implement the plan to allocate 40% of counterpart capital for investment projects in the 2024-2028 period, which is VND 1,901 billion.

Regarding the mechanism to ensure working capital for NSMO, the Deputy Prime Minister assigned the Ministry of Industry and Trade to be responsible for issuing a circular clearly stipulating the mechanism to ensure that NSMO continues to operate stably, continuously and effectively after the transfer, until the revised Law on Prices takes effect (July 1).

EVN will be responsible for covering the operating costs of A0 as proposed.

The circular will be issued immediately after the decree amending and supplementing Decree No. 96 and Decree No. 26 on the organizational structure of the Ministry of Industry and Trade and EVN is signed and issued.

Regarding the financial settlement plan, handover of capital, assets, and debt obligations related to the two re-loans from the World Bank (WB) loan agreement, the Deputy Prime Minister agreed with the opinion of the Ministry of Finance and assigned this ministry to guide the implementation, based on the proposal of the Capital Management Committee and EVN.

Accordingly, EVN proposes to sign a commitment contract with NSMO and the two parties will sign an appendix to the asset mortgage contract for the assets that have been mortgaged to the authorized agency for re-lending. This is similar to the re-lending with ODA capital and loans guaranteed by the Government of EVN's subsidiaries and affiliates.

Regarding the proposal to temporarily rank NSMO 1 to rank salaries for NSMO managers, it will be implemented in accordance with the proposal of the Ministry of Labor, Invalids and Social Affairs. The Deputy Prime Minister assigned this Ministry to provide guidance according to its authority and regulations.

Regarding the official time of transferring A0 to the Ministry of Industry and Trade, the conclusion said that the transfer will be carried out after the Prime Minister approves the policy and decrees, and the Ministry of Industry and Trade approves the policies that are issued and come into effect.

In case a longer transition preparation period is needed, the Ministry of Industry and Trade shall make specific proposals to the State Capital Management Committee at Enterprises and the Ministry of Planning and Investment before January 10, 2024.

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