New directive on transferring A0 to the Ministry of Industry and Trade.

Báo An ninh Thủ đô•03/01/2024

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

ANTD.VN - Deputy Prime Minister Tran Luu Quang issued directives regarding the financial handling of the transfer of the National Power System Dispatch Center (A0) to the Ministry of Industry and Trade , and the timing of the transfer.

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

The Government Office has just announced the conclusions 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 incorporate feedback to finalize the dossier for the project to separate A0, establish a new enterprise, the National Power System and Electricity Market Operation Company Limited (NSMO), the draft decision of the Prime Minister approving the policy, and related documents.

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

According to the Ministry of Planning and Investment's plan, after separating from EVN, NSMO's charter capital is expected to be 776 billion VND. However, A0 has 26 investment items with a total capital of over 5,165 billion VND, including 9 urgent projects. Therefore, the Ministry of Industry and Trade proposes supplementing NSMO's charter capital by an additional 3,520 billion VND for the 2024-2028 period, prioritizing the allocation of funds to the 9 urgent projects.

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

Regarding the mechanism for ensuring working capital for NSMO, the Deputy Prime Minister assigned the Ministry of Industry and Trade the responsibility of issuing a circular clearly stipulating the mechanism to ensure NSMO continues to operate stably, continuously, and effectively after the transfer, until the amended Law on Prices comes into effect (July 1st).

EVN will be responsible for covering A0's operating costs as requested.

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

Regarding the financial handling plan, the transfer of capital, assets, and debt obligations related to the two loan agreements from the World Bank (WB), the Deputy Prime Minister agreed with the opinion of the Ministry of Finance and assigned the Ministry to guide the implementation, based on proposals from the Capital Management Committee and EVN.

Accordingly, EVN proposes signing a commitment contract with NSMO, and both parties will sign an addendum to the contract pledging assets that have already been mortgaged to the authorized agency for relending. This will be done similarly to relending with ODA funds and government-guaranteed loans of EVN's subsidiaries and affiliated companies.

Regarding the proposal to temporarily assign a rank of 1 to NSMO for salary classification of NSMO managers, the Ministry of Labour, Invalids and Social Affairs will implement it as proposed. The Deputy Prime Minister has assigned this Ministry to provide guidance within its authority and regulations.

Regarding the official timing of the transfer of A0 to the Ministry of Industry and Trade, the conclusion states that the transfer will take place after the Prime Minister approves the policy and the decrees, and the Ministry of Industry and Trade approves the policies that have been issued and come into effect.

If a longer transition period is needed, the Ministry of Industry and Trade will submit 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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