Nearly 50 solar power projects are expected to be put into operation this June, boosting the total solar power capacity in Vietnam to 5,000MW. The challenges now linger with the capability of the national grid to handle the additional power.
The company needs to invest around $700-800 million annually to meet its investment requirements.
A big challenge is how to mobilize the large investment requirements, estimated at around $8 billion annually to meet fast growing power demand, according to country director of World Bank in Vietnam Ousmane Dione.
Electricity of Vietnam (EVN) is one step closer to issuing US dollar bonds and strengthening its financing capacity, following an endorsement by Fitch Ratings of its credit profile.
The wave of equitization of large state-owned enterprises has pushed the value of IPOs on Vietnam's stock market to a record in the first quarter of this year.
Electricity of Vietnam owes US$9.7 billion, and often blames losses for hiking prices.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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