The EVN headquarters (Source: EVN)The target has been set in its development strategy to 2030,with a vision to 2045, which was approved by the Prime Minister in his decisiondated April 1, 2021.
Accordingly, the EVN aims at effective and profitable production andbusiness results on an annual basis. The state equity invested in the EVN and itscapital invested in other enterprises is to be sustained and developed. Theratio of liability to equity will be less than 3 times, while self-investmentrate is set to exceed 30%.
Regarding electricity supply, the group will maintain its keyresponsibility in ensuring power for economic growth and social activities, andstrive to reduce power loss to a level equal to that of advanced countries inthe ASEAN region.
Improving the efficiency of scientific and technologicalapplications from the 4th Industrial Revolution is also a key task. By 2025, the EVN will complete its transformation into a digital enterprise, developing anadvanced load dispatch system, and widely applying smart grid technology. It hasset the goal of running remote control and unmanned operation for 100% of its110kV stations in the 2021 - 2025 period and 100% of the 220 kV stations in the2025 – 2030 period. By 2030, the group eyes the establishment of a science andtechnology institution housing up to two laboratories. In the 2030 – 2045period, its laboratory facilities and equipment for applied research inelectricity-related fields is expected to reach an advanced level, on par withdeveloping countries in the region.
In addition, the EVN will work to improve the quality of its powerdistribution and customer services. It will modernise and professionalise itsbusiness, with a target to be among the top three ASEAN member states in termsof customer services from 2025 and maintaining this position until 2045.
Developing a concerted, reasonable power system
According to its development orientation to 2045, the EVN willinvest in the development of power sources and grids following the approvedplanning to ensure quality, progress and efficiency. The investment anddevelopment of the power system are required to ensure the concerted manner andrationality in production, transmission, distribution, and business. This willmake the EVN capable of conducting a large-scale integration of renewable energysources. Meanwhile, the group prioritises its access to advanced technology forsafety, reliability and environmental protection. The technology of existingcoal power plants is set to be reviewed for updating to meet the requirement forenvironmental protection.
Illustrative photo (Source: baodautu.vn)The group considers the further improvement of business and customerservices provision a target to strive for in addition to sustaining healthyfinances. These moves preserve and develop state capital invested in the EVN and its capital invested in other enterprises. Building the capacity to arrangecapital serving the demand for investment in power source and grid as plannedis also taken as a key task.
Other priorities include improving service quality, formingquality human resources suitable to EVN’s core value, and boosting creativitycapacity serving its sustainable growth, modernisation, and internationalintegration.
It is also necessary for the EVN to focus on sci-tech research andtransfer in the field of electricity, IT application, energy efficiency, andinformation security.
Last but not least, the group supports environmental protectionand climate change response suitable to each period suitable to itscapacity./.
VNA
