Vietnam’s power sector plans to construct 11 new hydropower stations with combined capacity of 1,319 megawatts (MW) in central Quang Nam province between now and 2015 with an aim to help generate more power to boost local socio-economic growth, a source from the Ministry of Industry (MoI) said.
According to the sector’s development plan approved by MoI, the provincial authorities will inject nearly VND2,050 billion ($128 million) in six power stations namely Za Hung (28MW), A Vuong (210MW), Song Con No2 (57MW), Song Tranh 1 & 2 (215MW), Nuoc Che (18.4MW) in the next five-year period beginning 2006.
Of the total figure, VND1 trillion (US$62.5 million) will be pumped into power transmission lines, VND329 billion (US$20.5 million) into the distribution networks, and VND117 billion (US$7.31 million) for the low-voltage systems, MoI said.
In the second phase between 2010 and 2015, the provincial power sector will build other five small power stations with combined capacity of 791MW including Song Bung 2, 4 & 5, Dak Mi 1& 4. However, the MoI source did not disclose the investments for these facilities.
In separated news, Electricity of Vietnam (EVN) is carrying out the construction of another 22 hydropower plants in the central highland region, or Tay Nguyen with a combined capacity of 3,200 MW.
To ease the power sector’s thirst for investments for its power projects, EVN said it is going to issue VND600 billion ($37.5 million) of bonds September 1 of this year.
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