According to EVN, if electricity payments are made in accordance with the contracts, it is projected to face cash flow shortages from July to December 2023. To ensure cash flows for purchasing coal, oil, and gas for electricity production, EVN currently owes money to power generation units. EVN suggested the Government consider amending or replacing the Prime Minister’s Decision No. 24/2017/QD-TTg which regulates the mechanism for adjusting the average retail electricity prices. The Government and relevant ministries, agencies were suggested to allow EVN to make temporary payments for electricity purchases at a suitable level based on EVN's financial capacity until retail electricity prices are adjusted promptly and fully reflect all costs./.

Source: Viet Nam News July 28, 2023 15:07 UTC