Illustrative image. (Source: VNA)Hanoi(VNA) – The Vietnam Electricity Group (EVN) has announced that it will accelerateits projects within this year to ensure electricity supply for 2019, thusmeeting rising demand for energy in service of the national development as wellas that by foreign investors.
The projects includethe 220kV transformer stations in Luu Xa, Quynh Luu and Quang Chau, along withthe Binh Long – Tay Ninh 220kV line, among others. At the same time, the groupwill hand over the site for the construction of a 500kV line.
The EVN is striving tostart the operation of the South Saigon – Precinct 8 220kV line within thismonth.
As for theequitization, the group is completing its procedures to turn its affiliateElectricity Generation Corporation 3 (EVNGENCO3) into a shareholding one, alongwith the steps to do the same with the EVNGENCO2 and EVNGENCO1 after theguidelines of the Prime Minister and the committee on the management of theState capital at enterprises. It will, at the same time, also continue divestingfrom five shareholding companies.
Ensuring sufficient supplyof electricity at reasonable prices is posing a headache to relevantauthorities, as the country is in constant need for this form of energy inservice of its national development. This is also a top demand by foreigninvestors who are operating their factories in Vietnam.-VNA
VNA
