EVN needs $3b a year for investment

From now to 2015, the country expects to have 38 electricity projects under construction, of which 26 projects are of the Electricity of Vietnam (EVN).
At the second international conference on electricity held on June 22, Trinh Ngoc Khanh, Head of EVN’s Business Department said that electricity prices may be the barrier for the investment process.

In the recent time, problems in the negotiations of electricity selling prices between EVN and investors are prolonged because the average selling price of $cent 6 per kWh amid high input costs, especially in wind power projects.

Khanh added, the group’s investment capital demand for power and attached grid projects is $3 billion a year. In 2011, the demand is more than $3 billion.

Vietnam plans to build 95 electricity plants with total estimated capacity of 49,044MW and capital demand of $39.58 billion in next 10 years, opening a new phase of foreign investment in infrastructure construction in the country.

In next 5 years, electricity consumption is estimated to rise 15% while the supply may grow 14.5%. There will be 26,911 MW to be generated. By the end of 2015, total electricity capacity of Vietnam will increase to 48,497MW.

Also, the electricity sector targets to grow over 12% a year till 2020. – Vietbiz24

Tags: EVN