The Prime Minister has approved the content of a project aimed atimproving the efficiency of the national power transmission network at atotal investment of 897 million USD.
UnderDecision 521/QD-TTg dated April 14, the Ministry of Industry and Tradewill be in charge of the Transmission Efficiency Project (TEP), which isto be carried out by the National Power Transmission Corporation (NPT)under the Electricity of Vietnam group.
Loansworth 500 million USD will be sought from the World Bank for theproject, while NPT will arrange the sourcing for the remaining 397million USD.
The TEP will increase thetransmission capacity and reliance of the 500kV transmission system,while enhancing the organizational, financial and operational capacityof the NPT towards becoming an independent company as part of thecountry’s effort to reform its electricity market.
The project will be carried out from 2014-2018 in all 63 cities and provinces nationwide.-VNA