Illustrative image (Source: VNA)

Hanoi (VNA) – The Electricity of Vietnam (EVN) will invest in power projects within local and national electricity development planning schemes from 2016-2020.

This is the major task set in the group’s five-year business plan recently approved by Deputy Prime Minister Trinh Dinh Dung.

Under the plan, EVN will develop renewable energy and improve environmental protection during the construction and operation of electricity facilities.

The group will also safely run the national power grid, ensuring electricity supply and the economic efficiency of the electricity system.

Another task is to revamp EVN’s subsidiaries in line with the master plan for rearranging and restructuring enterprises in 2017-2020.

Along with developing the competitive electricity wholesale market, the group will bring electricity to rural, mountainous and island areas, aiming to help most households in these areas access the national power grid by 2020.

During 2016-2020, EVN’s annual commercial power output is expected to increase by 10.08 percent.

The group plans to put into operation up to 21 turbines with combined capacity of 6,100 MW of 12 projects, including Lai Chau hydropower project (operational in 2016), and the thermal power projects of Duyen Hai III, expanded Duyen Hai III, Vinh Tan IV, expanded Vinh Tan IV and Thai Binh I.

Construction of another eight projects with a total capacity of 5,540 MW is also set to begin in the period. They are the hydropower projects of expanded Ialy, Hoa Binh and Tri An; and the thermal power projects of expanded Vinh Tan IV with its construction starting in 2016, O Mon III and IV, Quang Trach I and II.

EVN will push preparations for the investment in the Tan Phuoc I thermal power project to put the plant into service by 2020, while building solar power projects.

About 300 transmission lines of 500 kV and 200 kV with 12,200 km in length and 66,000 MVA in capacity of transformation stations are projected to become operational during the next five years.

Other tasks for the group include improving the quality of electricity supply, increasing power imports from Laos, Cambodia and China and building 110 kV and middle-and low-voltage transmission lines.-VNA