EVN to purchase power from China

The Electricity of Viet Nam (EVN) plans to purchase 2.7 billion kWh of electricity from China in 2009 to meet domestic demand and allow national socio-economic development.

However, Chinese officials have asked the EVN to renegotiate the cost of the electricity due to recent fuel cost fluctuations and the instability of the RMB/USD exchange rate, said Nguyen Dinh Doan, Director of the EVN-owned Electricity Purchasing Company.

After concluding their negotiations later this month, China will make a decision regarding the amount of electricity to be sold to Vietnam , he added.

During this year, the EVN has purchased 3.5 billion kWh of electricity from China , up 31% against the previous year, at a fixed rate of 4.5 cents per kWh.