Business

EVN needs 93.2 trillion VND for power projects this year

The Electricity of Vietnam (EVN) needs total investment capital of 93.2 trillion VND (3.97 billion USD) for power projects this year and it will focus all resources to ensure the progress of such projects, according to the group.
EVN needs 93.2 trillion VND for power projects this year ảnh 1With the demand for large capital, EVN targets to effectively use ODA and foreign loans, and to disburse ODA loans as scheduled. (Illustrative image. Source: VNA)

Hanoi (VNA) - The Electricity of Vietnam (EVN) needstotal investment capital of 93.2 trillion VND (3.97 billion USD) for powerprojects this year and it will focus all resources to ensure the progress ofsuch projects, according to the group. 

With the demand for large capital, EVNtargets to effectively use ODA and foreign loans, and to disburse ODA loans asscheduled, it said. 

The group would also diversify sources ofcapital to meet the investment demand for power sources and grid projects andcalculate capital needs according to projects and programmes to work withfinancial partners.

It would focus on completing key projects suchas the expansion of the Duyen Hai 3 Thermal Power Plant and Da NhimHydroelectric Plant, and the 500kV transmission line of Vung Ang – Doc Soi –Pleiku. The key projects include transmission projects for small solar powerand hydro-electricity plants and projects buying electricity from China andLaos.

In addition, EVN will review investment inpower projects to ensure high efficiency in investment activities and controlall steps in investment activities, including investment preparation, biddingorganisation, buying of equipment and materials, construction andhandover.

This year, the group strives to complete manyprojects, including the Thuong Kon Tum Hydropower Project and four solar powerprojects with a total capacity of 249MWp: Phuoc Thai 1, Phuoc Thai 2, PhuocThai 3 and Se San 4.

It would kick off construction of the QuảngTrạch I Thermal Power Plant and expansion of the Hoa Binh Hydro Power Plant.

EVN would also accelerate implementation ofinvestment procedures for many other projects to start next year, includingexpansion of the Ialy Hydro Power Plant and construction of the O Mon IVThermal Power Plant. It would continue preparation of investmentprocedures for construction of the O Mon III Thermal Power Plant, Dung Quat Iand III thermal power plants, Quang Trach II Thermal Power Plant, and expansionof Tri An Hydro Power Plant.

Especially, EVN would focus investment tocomplete power grid projects as scheduled to ensure electricity supply for theSouth and Hanoi./.
VNA
#Electricity of Vietnam (EVN) #investment #power projects #projects #ODA loans #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

EVNNPT invests big in 2019

EVNNPT invests big in 2019

Vietnam's National Power Transmission Corporation (EVNNPT) launched 36 power transmission projects with a total investment capital of 19.74 trillion VND (850 million USD) in 2019.
EVN produces one third of domestic electricity output

EVN produces one third of domestic electricity output

Electricity of Vietnam (EVN) has produced 7,185MW of power, accounting for 33.2 percent of Vietnam’s total power output in the 2016-20 period, according to the revised Power Development Master Plan (PDP) VII.

See more

Delegates at the event (Photo: Ministry of Finance)

ASEAN meeting to drive regional cooperation, growth by removing barriers

Running from November 5–11, CCS 111 focuses on advancing service liberalisation and facilitation in ASEAN by removing barriers, enhancing transparency, reducing policy risks, and simplifying administrative procedures to enable businesses and service providers to operate more efficiently.

Goods at Hai Phong Port in northern port city of Hai Phong. (Photo: VNA)

Vietnam determined to build transparent global trade system

The Government of Vietnam on November 6 updated the World Trade Organisation (WTO)’s Committee on Rules of Origin (CRO) on adjustments to the agencies and organisations authorised to issue certificates of origin (C/O), as well as on the application of QR codes in the C/O issuance process.

SemiExpo Vietnam 2025, themed “Powering Vietnam’s Semiconductor Ambition,” brings together around 5,000 delegates and feature 200 booths from major global technology corporations (Photo: VNA)

Vietnam opens largest int’l semiconductor exhibition

SemiExpo Vietnam 2025, themed “Powering Vietnam’s Semiconductor Ambition,” brings together around 5,000 delegates and feature 200 booths from major global technology corporations such as Lam Research, Coherent, Qorvo, Amkor, GlobalFoundries, Micron, Tokyo Electron, KLA, STMicroelectronics, Soitec, and Siemens.

Consumers learn about Hanoi's OCOP products. (Photo: VNA)

Hanoi launches digital booths to promote e-commerce

Hanoi will open an online store showcasing Hanoi's products on the e-commerce platform Shopee. It will introduce digital tools such as electronic signatures, e-contracts, e-invoices, and product traceability systems for local producers and businesses participating in the booth.

Loading rice for export at a port in Vietnam (Photo: VNA)

Exports hit new records following strong momentum

Vietnamese enterprises have set records across multiple areas, demonstrating strong export momentum that not only expands trade but also reinforces Vietnam’s position in global supply chains.

Products are promoted at the event. (Photo: VNA)

Vietnam connects resources to boost innovation, sustainable development

The Vietnam Innovation Summit, an annual international forum organised by InnoLab Asia, not only discusses policy and trends but also serves as a global bridge, bringing knowledge, resources, and cooperation opportunities from advanced innovation ecosystems worldwide to Vietnam.

Experts discuss at the seminar. (Photo: VNA)

CPTPP - Growth lever amid reciprocal tariff: Experts

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is one of the first new-genereration free trade agreements (FTAs) to take effect, playing a vital role in Vietnam’s export growth, especially amid the impacts of the US’s tax policies, according to insiders.