New electricity company to boost services

The Northern Power Corporation (NPC) made its debut yesterday as the sole provider of electricity to 27 cities and provinces in the north and north-central regions of Viet Nam.

The NPC, an affiliate of the Electricity of Viet Nam, was formed through the restructuring of Electricity Company No 1 and three electric companies from Hai Phong city and Hai Duong and Ninh Binh provinces.

The establishment of the corporation is part of the Government’s efforts to help increase transparency in the electricity sector.

Speaking at the debut ceremony, Deputy Prime Minister Hoang Trung Hai said the new model would create favourable conditions to improve customer service and develop the electricity market. The corporation plans to expand its 110kw and lower voltage grids from 14 per cent to 17 per cent in the next five years to meet the increased consumption needs. It also plans to diversify its business by investing in telecommunications, tourism and financial services.

Tags: The Northern Power Corporation, Vietnam energy

Posted by VBN on Apr 5 2010. 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