EVN’S SELF-INVESTMENT RATE SHALL BE GREATER THAN 30% BY 2030
The Prime Minister issues the Decision No. 538/QD-TTg approving the Development Strategy of Vietnam Electricity to 2030, with a vision toward 2045 on April 01, 2021.
Accordingly, the EVN sets out its production and business result objectives by 2030 as follows: Annual production and business results are effective and profitable; at the same time, the State capital invested in EVN and EVN capital invested in other enterprises are preserved and developed; The paid debt to equity ratio is less than 3 times; Self-investment rate is greater than 30%; Short-term solvency is greater than or equal to 1 time.
Besides, EVN also sets out the objectives regarding power supply. Specifically, EVN shall take main responsibility in ensuring electricity for the economy and people's lives. Concurrently, develop smart, effective power grids synchronized with the power plants which can provide for additional loads with regional interconnectivity, ensuring safe power supply. By 2025, it shall meet N-1 criteria for important load centers; by 2030, N-2 criteria for extremely important load centers shall be met, etc.
This Decision takes effect on the signing date.
