Vietnam: EVN invests $5.9b in power projects in 2016

Vietnam: EVN invests $5.9b in power projects in 2016

Up to VND134.85 trillion (US$5.93 billion) was spent by EVN to boost the
capacity of the national power grid in 2016. -Photo congluan.vn
This is 1.8 per cent higher than the amount the group planned to invest in
2016 and equals 9 per cent of the total social investment of the nation.

The EVN put into operation five turbines at Lai Chau and Huoi Quang
hydropower plants and Duyen Hai thermo-power plant, which have a combined
capacity of 2,305MW.

Work on the other key power generation projects is on schedule.

In 2016, the EVN completed 297 projects related to the upgradation and
expansion of the national grid, including transformer stations and
transmission lines that are key to improving power security in the south;
electricity transmission capacity between the north and the south; and
electricity supply for the capital and key northern economic zones.

The EVN also joined Cai Chien island in the northern province of Quang Ninh,
Cu Lao Cham island in the central province of Quang Nam and Lai Son and Hon
Nghe islands in the southern province of Kien Giang to the national grid
last year.

Projects to expand the electricity network in Lao Cai's Muong Khuong
district and to 2,800 households in Sơn La have been underway since last
year and are expected to be complete before the Lunar New Year, which falls
on January 27.

EVN Director Dang Hoang An said the group mobilised $2.96 billion official
development assistance and preferential loans from international financial
institutions, such as the World Bank, Asian Development Bank and Japan
International Co-operation Agency.

Strong investment ensured that the projects went on smoothly, and none were
cancelled because of fund shortage in 2016.

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Link to Original Article:
http://www.vir.com.vn/evn-invests-59b-in-power-projects-in-2016.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com