Việt Nam News

EVN needs VNĐ93.2 trillion for power projects this year

March 05, 2020 - 17:34

Vietnam Electricity (EVN) needs total investment capital of VNĐ93.2 trillion (US$3.97 billion) for power projects this year and it will focus all resources to ensure the progress of such projects, according to the group.

EVN will focus capital resources to complete power projects as planned. — Photo dangcongsan.vn

HÀ NỘI — Vietnam Electricity (EVN) needs total investment capital of VNĐ93.2 trillion (US$3.97 billion) for power projects this year and it will focus all resources to ensure the progress of such projects, according to the group.

With the demand for large capital, EVN targets to effectively use ODA and foreign loans, and to disburse ODA loans as scheduled, it said.

The group would also diversify sources of capital to meet the investment demand for power sources and grid projects and calculate capital needs according to projects and programmes to work with financial partners.

It would focus on completing key projects such as the expansion of the Duyên Hải 3 Thermal Power Plant and Đa Nhim Hydroelectric Plant, and the 500kV transmission line of Vũng Áng – Dốc Sỏi – Pleiku. The key projects include transmission projects for small solar power and hydro-electricity plants and projects buying electricity from China and Laos.

In addition, EVN will review investment in power projects to ensure high efficiency in investment activities and control all steps in investment activities, including investment preparation, bidding organisation, buying of equipment and materials, construction and handover.

This year, EVN strives to complete many projects, including the Thượng Kon Tum Hydropower Project and four solar power projects with a total capacity of 249MWp: Phước Thái 1, Phước Thái 2, Phước Thái 3 and Sê San 4.

It would kick off construction of the Quảng Trạch I Thermal Power Plant and expansion of the Hòa Bình Hydro Power Plant.

EVN would also accelerate implementation of investment procedures for many other projects to start next year, including expansion of the Ialy Hydro Power Plant and construction of the Ô Môn IV Thermal Power Plant. It would continue preparation of investment procedures for construction of the Ô Môn III Thermal Power Plant, Dung Quất I and III thermal power plants, Quảng Trạch II Thermal Power Plant, and expansion of Trị An Hydro Power Plant.

Especially, EVN would focus investment to complete power grid projects as scheduled to ensure electricity supply for the South and Hà Nội. — VNS

Tags investment EVN Vietnam Electricity

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