Nuclear Power Plans and Financial Overview at EVN

The recent discussions at EVN’s year-end conference on January 6 highlighted plans for the company’s future, including a focus on activities scheduled for 2025.

EVN had historically been designated as the main investor for the Ninh Thuan nuclear power ventures per Prime Ministerial directives from March 2010 and October 2011. With the National Assembly giving the green light to restart these nuclear projects, EVN is eager to maintain its role as the leading investor.

Chief Executive Nguyen Anh Tuan reported that an adjustment in electricity tariffs introduced in October 2024 had allowed the company to recover its finances after suffering two years of deficits. The total revenue for 2024 is estimated to be around 575 trillion VND (approximately $24 billion), with the parent company alone generating 480.662 trillion VND ($20.2 billion), reflecting a growth of 14.3% over the previous year.

Looking ahead to 2025, EVN is dedicated to providing a consistent power supply and is determined to prevent electricity shortages. To support this, the company aims to secure adequate fuel and water for its hydroelectric facilities to cater to increasing demand.

The organization is also devising plans to support power requirements that could accompany GDP growth rates of up to 8%, or potentially higher, which may necessitate a 15% surge in electricity supply.

One of the key initiatives for 2025 includes the completion of the 500kV Lao Cai–Vinh Yen transmission line, anticipated to greatly boost grid capacity. Furthermore, EVN is focusing on optimizing its organizational framework and enhancing operational efficacy.

The leadership emphasized the importance of this restructuring initiative, stating, “It is essential for us to align with the national emphasis on minimizing administrative processes. EVN must finalize its restructuring blueprint by February 28 for review and endorsement.”