Vietnam to Import Electricity from China
Vietnam to Import Electricity from China
The Electricity Co. 1 under the Electricity of Vietnam (EVN) is discussing with China’s Yunnan Power Grid Company on purchasing electricity to meet growing domestic demand for electricity.
According to the discussion, the electricity will be transferred from a 110KV power station in China’s Yunnan province to Vietnam’s northern mountainous Ha Giang province with an annual purchased output of 70MW at a price of 4.3 US cents/kWh.
The two sides plan to sign the contract and related technical agreements on March 15 and expect the deal with be implemented in the third quarter of this year.
Previously, Vietnam’s Electricity Co. 1 already signed a contract to purchase 40 megawatt (MW) of power per year from the foreign country to provide to the northern province of Lao Cai.
The company has bought an output of 49.43 million KWh since the contract was signed.
Besides, it also signed a deal to buy 25MW from China’s Guangxi Power Grid Co. in 2005. Accordingly, the electricity will be transferred from the Shengou 110KV-power transmission station in Guangxi province to the Mong Cai 110 KV station in Vietnam’s northern Quang Ninh province, starting from May 1st this year.
Vietnam will buy between 100-130 million kWh of electricity a year from May 2005 until December 2006.
Vietnam had earlier planned to spend VND766 billion (US$49.1 million) purchasing electricity from China by 2008. Vietnam expects to buy 70 MW in 2006 and 460 MW in 2008, in a bid to prevent power shortages in the North.
The country also plans to buy power from Laos from 2008.
The People
Vietnamese
