Vietnam to invest $637m in power development

26 April 2002 – Electricity of Vietnam is seeking a VND9567bn ($637m) in investment capital for a decade-long development plan to bolster Ho Chi Minh City’s power supply. Upgrades are on the cards for major power transmission lines and other new power stations will be built to satisfy rising demand.

By 2005, commercial demand for electricity in Ho Chi Minh City is tipped to reach 11 868m kWh – up by an annual average of 15.4 per cent. Industrial producers will take an estimated 15.9 per cent extra power and consumers an additional 11.7 per cent.

The commercial and restaurant sectors will boost their power use by 16.8 per cent. Analysts predict that local demand for electricity will reach 22,922 million kWh by 2010.

The state-run Electricity of Vietnam has drawn up a building and upgrade programme for transmission networks and transformer stations. The 500kV Phu My-Nha Be-Phu Lam transmission line is first in line for an upgrade, with work also slated for the 500kV line linking Nha Be and O Mon districts. Authorities plan to build a 20kV transmission project with three transformer stations to bolster the network.

The Government hopes the projects will help solve the chronic electricity shortage in the dry season driven by increasing consumption and the exhaustion of hydro-power sources.

No posts to display