HCMC – Duyen Hai Power Company will replace Hiep Phuoc Power Company to supply electricity for Tan Thuan Export Processing Zone, Hiep Phuoc Industrial Park and Phu My Hung Town south of the city from Monday.
Duyen Hai replaces Hiep Phuoc to supply power for Saigon South
By Van Nam - The Saigon Times Daily
HCMC – Duyen Hai Power Company will replace Hiep Phuoc Power Company to supply electricity for Tan Thuan Export Processing Zone, Hiep Phuoc Industrial Park and Phu My Hung Town south of the city from Monday.
Dang Van Cu, director of Duyen Hai Power Company under HCMC Power Corporation, told the Daily on Sunday that Hiep Phuoc had just handed over its power grid to Duyen Hai for free.
After taking over the power grid, from August 1, Duyen Hai will be responsible for supplying power for over 200 enterprises in the export processing zone and industrial park as well as thousands of families in Saigon South.
The executive said his company could receive power generated from Hiep Phuoc power plant and sell the electricity to the enterprises and families at the selling price stipulated by the Government.
Talking with the Daily last month, Pham Hong Tien, manager of Hiep Phuoc Power’s Technical Division, said that after the power grid handover, Hiep Phuoc would be still the operator of its power plant. It would sell all power generated from the plant to EVN at a price of 17 U.S. cents per kilowatt-hour, which may change depending on oil prices.
So far, half of the electricity output of Hiep Phuoc Power has been bought by EVN and the remainder is sold to the manufacturing enterprises and the southern residential area at 5 to 7.5 cents, which is equivalent to the selling price stipulated by the Government.
Since 2001, Hiep Phuoc power plant, which has total supplying capacity of over one billion kilowatt-hours each year, has been a key power supplier for some 200 enterprises in the zones as well as thousands of families in Saigon South. Besides, the power plant also sells 50% of its generated power to EVN at a price of 17 cents per kWh.
Early this year, Hiep Phuoc Power had suggested collecting a surcharge of 12 cents per kWh on 60 enterprises in Hiep Phuoc Industrial Park to compensate its huge losses of some US$200,000 per day due to the high fuel cost.
However, the proposal was strongly objected by the enterprises. Finally, Hiep Phuoc Power agreed to hand its power grid to EVN for free to avoid huge losses.