EVN raises motion to increase electricity price

Published: 07/10/2008 05:00



VietNamNet Bridge – Dinh Quang Tri, Deputy General Director of the Electricity of Vietnam (EVN), on October 6 said that the most important thing now is a suitable electricity pricing scheme.

A lot of power projects have been going slowly due to lack of capital. Could you please tell us how serious is the capital shortage?

Our capital demand is very big. Meanwhile, it is very difficult to borrow money as banks do not have enough capital, and the lending interest rate is very high at 21%.

It is also very difficult to find foreign capital sources as the international financial market has been influenced by the US financial market.

You have mentioned the pricing scheme. What factors do you think the pricing scheme needs to have?

The scheme needs to clarify how retail prices will be adjusted and who has the right to make decisions. EVN is now not the only electricity producer. In the near future, EVN will only make up 50% of power sources.

Phuoc Ha

Update from: http://english.vietnamnet.vn//interviews/2008/10/807438/

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