n order to enhance effectiveness in business of the electricity sector ; improve the effectiveness of the electricity regulation for the purpose of ensuring the sustainable electricity system and meeting requirements for providing electricity safely, stably, and efficiently and apply electricity prices in line with market mechanism under the state’s management and electricity market levels…on February 07, 2017, the Prime Minister signed the Decision No. 168/QD-TTg on approving the project for restructuring the electricity sector in the 2016 – 2020 period with the orientation to 2025.
Accordingly, in the period 2016 – 2018, equitize Power Generation Corporations affiliated to Vietnam Electricity (EVN), Vietnam National Oil and Gas Group (PVN), Vietnam National Coal and Mineral Industries Group (Vinacomin) in accordance with the plan that has been approved by the Prime Minister. The Power Generation
Corporations shall keep being affiliated to the Groups and have at least 51% of their shares held by the Groups. Formulate a project for converting the National Load Dispatch Center into an electricity market and electricity system operation single-member limited liability company which is eligible for independent accounting in EVN; Gradually separate the costs of distribution and retailing incurred by Power Corporations.
In the period 2019 – 2020, put power plants invested under BOT contract form (BOT power plants) into operation of wholesale electricity market. Convert the National Load Dispatch Center into an electricity market and electricity system operation single-member limited liability company, which has legal status and eligible for independent accounting in EVN and to be completed before the operation of the wholesale electricity market.
This Decision takes effect on the signing date.
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