Hoa Binh hydropower plant to be expanded in Q2 of 2020
The Hoa Binh hydro power plant expansion project is expected to start in the second quarter of 2020 and be completed in 2023, according to Vietnam Electricity (EVN).
An overview of Hoa Binh Hydro Power Plant. (Source: baochinhphu.vn)Hanoi (VNA) – The Hoa Binh hydro power plant expansion project is expected to start in the second quarter of 2020 and be completed in 2023, according to Vietnam Electricity (EVN).
The EVN Member Council has issued Decision No. 383/QD-EVN dated September 27, 2019 on the project investment with total capital exceeding 9.22 trillion VND (396.46 million USD), including 30 percent of reciprocal capital and 70 percent from commercial loans.
The project aims to raise the national power network’s peak power and maximise utilisation of water discharged from the plant in the flood season for generating power.
In addition, it will help improve frequency modulation capability and stablise the frequency of the national electricity system and reduce the working intensity of available turbines of the plant, thus prolonging the life of equipment and saving maintenance and repair costs.
The plant expansion project will include two turbines with total capacity of 480MW and electricity output of about 488.3 million kWh per year.
According to EVN, the project was assigned and managed by the Hydropower Project Management Board No. 1, which has experience in operating major hydro projects such as Son La and Lai Chau.
Pham Hong Phuong, director of the board, said the board has focused on selecting the project’s contractors to ensure the schedule, while coordinating with Hoa Binh province in compensation and land clearance work./.
You should also see
PM urges village elders, citizens to help preserve cultural heritage
Prime Minister Pham Minh Chinh has asked village elders and chiefs, skilled artisans and reputable citizens to make greater efforts to preserve and promote tangible and intangible cultural heritage, which is the quintessence and core value of the nation.
See more
Business
Lam Dong strives to develop tea industry towards sustainable development
The Central Highlands province of Lam Dong aims to develop its tea industry to 2030 towards sustainable development by improving efficiency and fostering links between tea production, processing, and consumption. The province is also striving to replace aging tea plantations with high-quality tea varieties to enhance productivity.
Business
InfographicADB maintains 2024 economic growth forecast for Vietnam
In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
