Vietnam News Service reported that Electricity of Viet Nam has finalized the dissolution of Dong Nai Hydro power Joint Stock Co and is considering the dissolution plan for five remaining affiliates.

The five units are Ban Ve, Thu Bon, An Khe Ka Nak, Se San 4 and Srepok hydroelectric companies.

An official from EVN told the Viet Nam News that EVN did not announce the reason for dissolving six companies at the moment.

EVN had also submitted its development strategy till 2020, restructuring plan for 2011-15 and business and production and development investment plan for 2011-15 to the Prime Minister and Ministry of Industry and Trade for consideration.

The company said in its business report for the first six months of this year that after a one year pilot operation the competitive electricity market had officially been operational since July 1st 2012, making the initial transition to a market operation mechanism.

Up to 29 power plants under 22 power generation companies with a total capacity of 9,035 MW were expected to be involved in the competitive electricity market.

In the first half of this year, EVN's electricity production and purchase was estimated at 56.475 billion kWh, up by 11% YoY. Of the total, EVN produced 24.777 billion kWh, making up by 43.9% YoY.

During the period, it had also started operation on four turbines with a total capacity of 746.5 MW, including the first and the second turbines of Dong Nai 4 hydropower plant (340 MW), the first turbine of Kanak hydropower plant (6.5 MW) and the fifth turbine of Son La hydropower plant (400 MW).

EVN said that in July 2012 it would generate electricity for the second turbine of the Kanak hydropower plant in the Central Highlands province of Gia Lai and start a reservoir for Ban Chat hydropower plant in the mountainous province of Lai Chau.

Source - Vietnam News Service

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