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In a recent development, the Prime Minister has issued a decision to separate the National Power System Dispatch Center (A0) from EVN and approved the establishment of a new state-owned enterprise, the National Power and Electricity Market Operating Company (NSMO), under the management of the State Capital Management Committee.
As per the decision, NSMO will be a state-owned enterprise with 100% state-owned capital, organized as a limited liability company with the State Capital Management Committee as the representative of the owner.
NSMO’s key responsibilities include power system dispatch and electricity market operation, as stipulated in the Electricity Law and related legal documents. Its specific tasks encompass:
– Developing dispatch strategies to ensure the safe, stable, and reliable operation of the national power system, and managing electricity market transactions fairly and transparently, thereby contributing to the continuous and stable power supply for economic, political, social, security, and defense activities.
– Investing in, managing, operating, maintaining, and servicing the telecommunications and information technology infrastructure dedicated to the operation of the power system, electricity market transactions, and renewable energy.
– Ensuring sustainable and efficient operations, optimizing costs, and effectively managing and utilizing state capital and assets invested in NSMO in accordance with regulations.
NSMO’s chartered capital at the time of establishment is VND 776 billion. The separation of A0 from EVN and the formation of NSMO will be carried out by transferring the assets, rights, and obligations currently managed by A0 under EVN to the new entity, NSMO, within a maximum period of 7 days from the effective date of Decision 752/QD-TTg (August 1, 2024).
Deputy Prime Minister Tran Luu Quang also signed and issued Decision No. 753, approving the transfer of state capital ownership representation rights in NSMO from the State Capital Management Committee to the Ministry of Industry and Trade after the completion of the separation and establishment of NSMO, as per regulations.
The State Capital Management Committee and the Ministry of Industry and Trade are responsible for the content, proposals, and execution of the transfer, ensuring compliance with legal provisions. The Ministry of Industry and Trade is responsible for preparing the necessary conditions to receive NSMO, including mechanisms to ensure working capital for NSMO in accordance with legal regulations, thereby guaranteeing the stable, continuous, and efficient operation of NSMO after the transfer.
Furthermore, the Ministry of Industry and Trade will take the lead in coordinating with relevant ministries and sectors to promulgate, within their authority, or propose to competent authorities, the issuance of legal documents to facilitate NSMO’s operations, ensuring its stable, continuous, and efficient functioning.
NSMO is expected to proactively study, forecast, and address any difficulties and obstacles in its path, making concrete proposals and clearly outlining the authority required to modify, supplement, or promulgate new legal documents and guidelines related to the efficient and safe operation of the power system.
Dong Tu
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