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Electricity of Viet Nam to invest US$27.9 billion in power plants and grids

9/24/2015 Viet Nam News

 HA NOI (VNS) - Electricity of Viet Nam (EVN) plans to raise VND600 trillion (US$27.9 billion) in the period between 2016 and 2020 via official development assistance loans, as well as domestic and international bonds, in order to fulfill an investment demand.

The goal of the group for the next five years is to build 11 power plants which will total 5,819 megawatts in cap
acity. They will also ensure the progress of key power projects and make all the necessary preparations for the country's first nuclear power plant in Ninh Thuan Province.

During the past five EVN has spent nearly VND480 trillion (US$22.3 billion) developing power plants and grids under the national power development plan. They put 34 power generators to use with a total capacity of 9,852 megawatts and started construction on 10 power projects. The Son La Hydropower Plant, which has a 2,400-megawatt capacity, was completed three years earlier than scheduled.

Other projects such as the Vinh Tan 2 Thermal Power Plant and Duyen Hai 1 Thermal Power Plant have contributed power to the southern region.

EVN connected 865 transformer stations and transmission lines to the national grid during the period. It also completed the 500-kilovolt Pleiku-My Phuoc-Cau Bong high voltage line and the 220-kilovolt Dak Nong- Phuoc Long-Binh Long line to increase the power transmitted between the north and south.

Source: Viet Nam News