Ministry rejects power price hike

The Ministry of Industry and Trade has rejected a proposal by the country’s largest power company, Vietnam Electricity (EVN) to raise the power price.

The Government has instructed ministries and departments to continue to stabilize prices of necessary commodities, which includes power supply.

EVN had earlier proposed a hike in electricity prices due to funds shortage, which had placed some major projects on hold. The company said it would face a lot of difficulty if the power price was not hiked.

In related news, the Ministry of Agriculture and Rural Development has requested the Government not to import more salt as the present stockpiles of businesses and farmers is already around 235,000 tons.

This move was made after the Ministry of Industry and Trade sent a proposal permitting businesses to import 50,000 tons of salt for industrial and chemical production this year. – SGGP

Tags: Vietnam electricity, Vietnam electricity prices, Vietnam energy

Posted by VBN on Jun 18 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