The project consists of two new 500kV circuits with a total length of 38.3km. Once completed, the line will ensure full and reliable transmission capacity to the Hai Phong 500kV substation, meet the growing power demand of Hai Phong city, Hung Yen province, and nearby localities under the N-1 reliability criterion, improve voltage quality, reduce technical losses, and enhance the connectivity and operational flexibility of the northern 500kV transmission grid.
Developing green and sustainable energy is an urgent priority, with nuclear power seen as a crucial solution to meet the requirements and align with the global trends, Prime Minister Pham Minh Chinh said, asking committee members to review the progress made since their first meeting and discuss detailed plan for the implementation of the nuclear power plant project.
The Ministry of Industry and Trade (MoIT), the Vietnam Electricity (EVN), and experts shared the view that power supply will be basically guaranteed this year, but the challenge is that demand is forecast to surge amid the post-pandemic economic recovery.
Vietnam Electricity (EVN) said it is accelerating power generation and grid projects, especially urgent infrastructure, to ensure supplies in the hot season.
Low power demand coupled with oversupply of electricity at times have forced authorities to cut the capacity of renewable energy plants in order to avoid overwhelming the national grid, according to the Ministry of Industry and Trade (MoIT).
Prime Minister Nguyen Xuan Phuc has asked the Ministry of Industry and Trade (MoIT), localities and Vietnam Electricity Group (EVN) to review issues related to Vietnam’s solar power development.
Saving and using energy efficiently is one of the best solutions to ease the pressure on power supply amid large- and medium-sized hydropower plants in Vietnam already operating at their maximum capacity, experts have said.
Vietnam is one of the most efficient power markets in Southeast Asia, and has achieved nearly 99 percent electrification with relatively low cost in comparison to neighbouring country, according to the Ministry of Industry and Trade (MoIT).
The Ministry of Industry and Trade has decided to resume the operation of the competitive electricity generation market (CGM) on November 1 after a one-month suspension.
Vietnam’s electricity supply might meet only half of total demand in the future, predicted Tran Trong Quyet, vice chairman of the Southern Power Association.
The Hoi Xuan Hydropower Plant in the northern central province of Thanh Hoa will receive support from the World Bank's Multilateral Investment Guarantee Agency.
