Vietnam Electricity Group lowers power prices for farmers

Southern Power Corporation of the Vietnam Electricity Group (EVN) will sell power to farmers in An Giang Province at a lower price.

The firm will do so by subsidizing the price for pumping stations.

According to the corporation, the price of power will be VND300 per kWh lower than the normal rate to help farmers cut production costs.

Selling low-price power to pumping stations will help farmers in An Giang Province save on an amount of VND200 billion each year compared to diesel pumps, reduce production costs and increase profits.

There have been 940 pumping stations developed in An Giang since 2008, raising the total number of power pumping stations in the province to nearly 1,500 which serve irrigation for over 255,000 hectares of rice, equivalent to 91% of farmland there.

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