EVN to Invest US$15.7Bln in Power Works in 2006-2010

Electricity of Vietnam (EVN), the country’s sole electricity provider, will invest VND250 trillion (US$15.72 billion) in building power works between now and 2010, according to EVN Vice General Director Dinh Quang Tri. 

 

The sum will account for 70 per cent of the need for investment of the electricity sector.

 

EVN will mobilize capital from depreciation sources, selling shares, the Development Investment Fund, state credit, export credit loans and outside and inside commercial loans.

 

To realize the plan for Vietnam’s electricity development in 2001-10, EVN has injected VND92.1 trillion ($5.79 billion) into electricity construction since 2001. With this sum of capital, the corporation has put into operation many power plants such as the 2,500MW Phu My Thermo-power Center, the 600MW Pha Lai Thermo-electric Plant 2, the 475MW Ham Thuan-Da Mi Hydropower Plant, the 500kW transmission lines of Phu My-Nha Be-Phu Lam, Phu Lam-Ha Tinh (circuit 2) and Ha Tinh-Thuong Tin.

 

EVN has also operated hundreds of transmission lines and transformer stations of 110-220-500kV with a total length of nearly 2,000km and capacity of 7,695MVA, respectively.

This year, EVN targets to generate 51 billion kWh of commercial electricity purchased from domestic generators and expects to buy around one billion kWh of electricity from China.