EVN urged to pay 1tr dong debts

Vietnam National Coal and Mineral Group (Vinacomin) has denounced the Electricity of Vietnam’s delays in paying the debts of 1 trillion dong. Also 200,000 tons of coal used in electricity plants of EVN has not been paid to the coal miner.
Le Minh Chuan, General Director of Vinacomin said that so far EVN has paid off the big debt of trillion dong to his group. From March 1, EVN was allowed to raise electricity price by 15.28% but electricity output Vinacomin sold to EVN only increased 5% in prices.

“EVN now owes Vinacomin 1 trillion dong in addition to unpaid cost for 200,000 tons of coal”, he stressed.

Earlier, another giant PetroVietnam also announced the huge debts of 5 trillion dong that EVN owed the group but the national oil and gas holding expressed symphathy to big losses of the electricity industry because of selling at below cost price.

In many press meetings, EVN leaders kept crying for losses and confirmed that the March 1 increase of 15.28% in electricity price was not enough to offset costs. The electricity price should be hiked by 62%, the group gave point of view.

Vice General Director of EVN, Duong Quang Thanh on Monday proposed ministries of industry and trade, finance, banks to help the group deal with financial difficulties at this time.

Tags: EVN

Posted by VBN on Jul 7 2011. Filed under Energy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry