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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
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