The Southern Electricity Corporation has announced that it will invest nearly 4.5 trillion VND (225 billion USD) for major power projects this year in efforts to ensure electricity supply for people in southern region.

The projects include a sea cable system from Ha Tien to Phu Quoc island, and power transmission networks in rural areas.

The firm has signed an EPC contract with Italy ’s Prysmian Powerlink Srl company for laying 56km of sub-sea cable to Phu Quoc island. The power transmission line, which also comprises of 7.6km of cable on land and a 110kV station, is scheduled to complete in 2014, connecting the resort island to the national power grid, meeting the demand of socio-economic development of the locality in the future. Total investment in the line surpasses 2.3 trillion VND (111 million USD).

Meanwhile, 1 trillion VND (49 million USD) will be poured into the construction of power grids in areas inhabited by Khmer people in Kien Giang, Soc Trang and Tra Vinh provinces. This year will see the second phase of the project completed, bringing electricity to 33,312 households of Khmer and other ethnic groups in the localities.

Besides, the German Development Bank-funded rural power distribution project will be accelerated to meet the deadline in 2014. With a total investment of 1 trillion VND, the project aims to ensure stable electricity supply, improve safety and reduce power loss in rural areas.

The corporation reported that last year, it invested a total of 2.9 trillion VND (139 million USD) in 45 110 kV power grid projects and 218 distribution networks in the south./.VNA