Prime Minister Nguyen Tan Dung has signed a decision on roadmap,conditions and structure to formulate and develop an electricity marketin Vietnam, according to the Vietnam Government Portal.
Under Decision 63/2013/QD-TTg, the future market will see theformation of a competitive power generation market by late 2014 as inthe first phase.
The second phase will focus oncompetitive power trading which will be piloted in 2015-16 before cominginto being in 2017-21.
In the third phase, acompetitive retail sale power market will be operating on a trial basisin 2021-23 and officially run from 2023.
TheMinistry of Industry and Trade is responsible for building andsubmitting a project to restructure the power sector to realisedevelopment phases of the power market. It is also tasked to direct theimplementation of the roadmap.
The Ministry of Planning and Investment must work with the Ministry of Finance to allocate enough capital for the process.
Meanwhile, the Electricity of Vietnam (EVN) has to invest and perfectnecessary infrastructure for the operation of the competitive powermarket.
According to the decision, EVN’s powergenerating corporations and plants (excluding large-scale ones whichplay an important role in socio-economic, national defense and security)will no longer connect with power trading, transmission and regulatoryunits.
The decision will come into force on December 25, 2013.-VNA
Under Decision 63/2013/QD-TTg, the future market will see theformation of a competitive power generation market by late 2014 as inthe first phase.
The second phase will focus oncompetitive power trading which will be piloted in 2015-16 before cominginto being in 2017-21.
In the third phase, acompetitive retail sale power market will be operating on a trial basisin 2021-23 and officially run from 2023.
TheMinistry of Industry and Trade is responsible for building andsubmitting a project to restructure the power sector to realisedevelopment phases of the power market. It is also tasked to direct theimplementation of the roadmap.
The Ministry of Planning and Investment must work with the Ministry of Finance to allocate enough capital for the process.
Meanwhile, the Electricity of Vietnam (EVN) has to invest and perfectnecessary infrastructure for the operation of the competitive powermarket.
According to the decision, EVN’s powergenerating corporations and plants (excluding large-scale ones whichplay an important role in socio-economic, national defense and security)will no longer connect with power trading, transmission and regulatoryunits.
The decision will come into force on December 25, 2013.-VNA
