DA NANG (VNS) — More than VND621 billion (US$29.6 million) will be poured into a 220kV transformer station and 220kV connection lines in the Central Highlands province of Kon Tum to ensure a stable power supply in the region.
The National Power Transmission Corporation (EVNNPT) will provide more than VND282.2 billion ($13.4 million), with VND300 billion ($14,300 million) to come from the Viet Capital Commercial Joint Stock Bank, according to a loan contract signed in Da nang on Wednesday.
The remaining funds will come from the Bank for Investment and Development of Viet Nam (BIDV).
Construction is set to start in November, with the 220kV transmission lines scheduled for completion by the end of 2014. The transformer station has been earmarked for completion by mid-2015.
Kon Tum province is currently powered by a single 110kV transmission line, which has been in place for more than 15 years.
The single power source means any breakdown would leave the province without a connection to the national power grid.
The new 220kV network will aim to diversify the province's connection to the national power grid, while allowing local hydro power plants to sell electricity to the national grid.
The network will be connected to the 220-500kV transmission network in the Central Highlands and the 500kV transmission line running from Laos to Viet Nam (the Hatxan-Pleiku line), accelerating power connectivity in the ASEAN region. — VNS