Vietnam to launch competitive retail electricity market in 2023 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
16/01/2021 19:46 GMT+7
Vietnam Electricity will conduct price marketization to encourage investment in electricity industry and follow the State-regulated market mechanism.
Vietnam will officially run the competitive retail electricity market in 2023 as part of efforts to make the power sector more transparent and effective in comparison with the regional peers.
Deputy Prime Minister Trinh Dinh Dung at the meeting on January 12. Photo: VGP
Vietnam Electricity (EVN), the country’s sole power distributor, needs to facilitate the investment in infrastructure of the power industry to better connect power plants with the national grid, Deputy Prime Minister Trinh Dinh Dung said at a meeting on January 12.
ERA chairperson Dr. Sarah Wasagali Kanaabi (PHOTO/Courtesy)
KAMPALA Uganda aspires to attain middle income status by 2040 and a key driver of this agenda is industrialization. A number of policies and programs have been established and key sectors re-focused to expedite the process.
The Electricity Sub-sector is pivotal to this aspiration and its genesis can be traced back to the colonial period, when the need to add value to Uganda’s products in order to gain a competitive edge in global markets became eminent. The Sector automatically assumed its ‘priority status’.
However, over two decades ago, the Sector was marred in challenges that threated its contribution towards the economic transformation of the Country. To leverage the situation, the Government was forced to make reforms.