SGGPO
According to the Electricity of Vietnam (EVN), the deposit should be considered together with the short-term debt balance (VND 60.045 billion) at the same time of the power corporations. The amount of debt at the units is very large, the need to repay the principal and interest in the year is very high, so many units have to maintain a balance sufficient to repay the due debt.
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| Representative Ta Thi Yen, Deputy Head of Delegate Affairs Department |
EVN has just sent NE Ta Thi Yen, deputy head of the Department of Public Affairs, a document explaining the request for an increase in electricity prices, but still sent the bank tens of thousands of billion dong. EVN said that units must maintain a balance sufficient to repay due debts to ensure creditworthiness for loans in the near future.
Earlier, at a discussion on the socio-economic situation (May 26), NE Ta Thi Yen asked a question about EVN's business performance when it reported a loss of VND 5 billion in 2022.
“If it is said that due to high input prices, including fuel, loan interest or exchange rate losses, subsidiaries also face this difficulty. Why are the results different, is this a problem of management capacity?”, asked the female representative.
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According to EVN, the national electricity output is over 850 million kWh/day |
Explaining the need to import electricity from Laos and China without buying wind power and solar power, EVN said that the imported electricity output is relatively small, of which about 7 million kWh/day is imported from Laos, and China. 4 million kWh/day.
While the national electricity output is over 850 million kWh/day (450 million kWh/day in the North alone), the above-mentioned import figure accounts for a very low proportion, less than 1,3% of the total electricity output. nationwide.
These sources are not necessarily new to import. We have been buying electricity from China since 2005. We also import electricity from Laos under an intergovernmental agreement. We also sell electricity to Cambodia for a long time based on agreements between neighboring countries.
Meanwhile, according to EVN, renewable energy has grown strongly in recent years, but mainly in the central and southern regions, while difficulties in power supply in some times occurred in the North. . At the same time, due to technical limitations to ensure safe operation of the North-South 500kV power transmission lines, additional power sources in the Central and South regions cannot support the North.
Regarding the negotiation and signing of power purchase and sale contracts for wind power and transitional solar power projects, EVN said that by May 31, 5, there were 2023 projects with a total capacity of 50MW. The investor proposes that the temporary electricity price is equal to 2751,661% of the ceiling price of the electricity generation price bracket for each type.
EVN has submitted to the Ministry of Industry and Trade and approved 40 projects by the Ministry of Industry and Trade with a total capacity of 2368,7MW. Of which, 7 projects/parts of projects with a total capacity of 430,22MW have completed the procedures for recognition of commercial operation and power generation on the grid.
The remaining projects/projects are completing the pilot program and completing relevant legal procedures to be eligible to put into operation as soon as possible.
The issue of "EVN wants to raise electricity prices, but a series of subsidiaries have tens of billions of dong deposited in the bank" as reflected by the press, EVN explained, the deposit amount needs to be considered along with the short-term debt balance ( 60.045 billion) at the same time of power corporations.
“Not to mention the long-term debt balance, just looking at the above short-term debt balance alone, it is clear that the number of loans at the units is very large, the need to repay the principal and interest in the year is very high, so many applications are required. You must maintain a balance sufficient to repay the due debt in order to ensure creditworthiness for the loan in the near future,” explained EVN.
According to EVN, the above deposit balance is used to pay debts to suppliers, pay for electricity purchases for rooftop solar power plants and small hydroelectric plants at the beginning of next month according to the signed contract. to invest in the distribution-retail system to meet the demand for load growth, and costs for production and business activities.
Power corporations must actively balance appropriate cash flows to ensure timely payment of principal and interest to credit units, payments to suppliers and power plants according to regulations, and at the same time responsible for improving the efficiency of their capital use.
