12 November 2002 – Electricity of Vietnam (EVN) plans to build an additional 38 power plants at a total cost of about $18.8bn from now to 2010, aiming to meet domestic demand of over 20 000 MW in 2010, officials from the state utility said.
Under the plan, the corporation will build 23 hydroelectric, eight oil and gas-fuelled and seven coal-fired power plants with a total annual capacity of
12 900 MW. It will also put into operation 24 power plants with a combined annual capacity of 4600 MW in the period.
Of the planned projects, EVN hopes to complete construction of the Phu My Gas Plant, Pha Lai Thermo-Electricity Plant No.2, and hydroelectric plants in Tay Nguyen (the Central Highlands) region in 2003-2004.
EVN is also set to build 15 000 km of 110 KV-500KV power lines in the next decade to ensure safe and stable power supply to consumers across the country. Transformer stations with a combined 50 000 MVA capacity, 300 000 km of medium- and low-voltage lines, and distributor substations with an aggregate capacity of 20 000 MVA, will also be built.
The corporation is now busy preparing to lay a 500kV transmission line linking Gia Lai’s Pleiku to HCM City’s Phu Lam.
It said that in the 2002-2005 period, Vietnam needs 700 MW more of electricity each year to sustain its annual economic growth of about 6-8 per cent. This figure will be more than 1200 MW in the 2006-2010 period.
EVN is seeking capital from other local industries to carry out the national power projects. The government recently raised the electricity price by an average of 13 per cent to 5.6 US cents per kWh in a move to raise more investment capital for EVN.