9:43:56 AM | 17/10/2007
Ho Chi Minh City has approved its power development plan in the 2005-2010 period to put power cables underground and build power infrastructure networks with a total investment of VND3.86 trillion (US$241.25 million), Pham Quoc Bao, deputy director of Ho Chi Minh City Power Company said.
The company can raise only VND800 billion (US$50 million) annually, Bao said.
It will look to official development assistance (ODA) and borrow bank loans at an annual interest rate of 11 per cent, and mobilize VND200 billion (US$12.5 million) per year from state budget or clients’ investment.
The city needs up to VND1.3 trillion (US$75-81.25 million) yearly for power projects by 2010, between VND400 billion and VND500 billion (US$25-31.25 million) for underground power lines projects.
The company plans to put underground half of the city’s medium-voltage line and half of its low-voltage lines by 2010, Bao said.
The company aims for a usable power capacity of between 3,100 megawatts and 3,200 MW and supply an average of 2,500 kWh for each resident by 2010. (Liberation Saigon)
April 24–25, 2026
Kinh Bac Cultural Center, Bac Ninh Province
Vietnamese
