Illustrative image. (Source: VNA)

Hanoi (VNA) – The Vietnam Electricity Group (EVN) has announced that it will accelerate its projects within this year to ensure electricity supply for 2019, thus meeting rising demand for energy in service of the national development as well as that by foreign investors.

The projects include the 220kV transformer stations in Luu Xa, Quynh Luu and Quang Chau, along with the Binh Long – Tay Ninh 220kV line, among others. At the same time, the group will hand over the site for the construction of a 500kV line.

The EVN is striving to start the operation of the South Saigon – Precinct 8 220kV line within this month.

As for the equitization, the group is completing its procedures to turn its affiliate Electricity Generation Corporation 3 (EVNGENCO3) into a shareholding one, along with the steps to do the same with the EVNGENCO2 and EVNGENCO1 after the guidelines of the Prime Minister and the committee on the management of the State capital at enterprises. It will, at the same time, also continue divesting from five shareholding companies.

Ensuring sufficient supply of electricity at reasonable prices is posing a headache to relevant authorities, as the country is in constant need for this form of energy in service of its national development. This is also a top demand by foreign investors who are operating their factories in Vietnam.-VNA