EVN to invest more in power projects

The Vietnam Electricity Group (EVN) has reported that it is to invest almost 58.5 trillion VND in power projects this year, up 10.8 trillion VND compared to 2009.

With its largest ever investment, the State-run conglomerate will put into operation seven power plants in Quang Ninh, Hai Phong, Nghe An and Son La provinces with a combined capacity of 2,130 MW along with 10 power grid projects of 500 kV each this year.

The national group also has a plan to start building two power grid projects and complete the construction of a series of electricity plants such as Mong Duong 1, Vinh Tan 2, Duyen Hai 1 and Lai Chau.

EVN has mapped out numerous measures to develop its operational plans such as raising capital, settling issues regarding investment, checking over buildings and disbursement.

At the same time, the group has asked that the Ministries of Industry and Trade, Planning and Investment and Finance stump up more funding for its projects, especially ODA-funded ones.

Tags: Vietnam energy, Vietnam power projects