The Department of Electricity Regulation under the Industry Ministry on July 10 convened relevant ministries and agencies to discuss the project to establish a power trading company (PTC) initiated by the Electricity of Vietnam (EVN) group.
The group has submitted to the Government its project to set up a PTC under the mode of a joint-stock company, which, it stressed, will be independent from EVN.
According to the Department of Electricity Regulation’s viewpoint, the establishment of a PTC is necessary for forming a competitive power market by 2009. However, it said the PTC must ensure the power supply at rational prices, while also attracting investment.
Both the Finance Ministry and the Energy Department of the Industry Ministry are concerned of the establishment of the suggested PTC model in the context that there is still the pressure on power prices and legal documents have not been uniform.
Representatives from the Government Office stressed the Government could not subsidise the PTC in any forms, particularly after Vietnam’s joining the World Trade Organisation.
All the viewpoints from relevant ministries and agencies will be collected to be submitted to the Industry Minister and the Prime Minister within July.
Source: VNE
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