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Investment in power surges to $10.4b   2010-09-12 - VNS

A model of Nghi Son 1 Thermoelectric Plant. Investment capital for the construction of the country’s largest power plant projects totalled VND202.1 trillion (US$10.4 billion) during the 2006-10 period.

 The amount of investment capital for construction of the biggest-ever power plant projects in Viet Nam totalled VND202.1 trillion (US$10.4 billion) from 2006-2010, according to Electricity of Viet Nam.

Over the last five years, the EVN has built and put into operation 21 power-generating projects, supplementing 6,280 MW to the national grid network, inclusive of 770MW electricity bought from China.

Ten of the 21 projects were put into operation this year.

Currently, the facility is building another 15 power-generating projects with total designed capacity of 10,518MW.

Seven of those have a total capacity of 5,356MW.

They are the hydroelectric plants of Nghi Son 1, Mong Duong 1, Vinh Tan 2, Duyen Hai 1, Duyen Hai 3, and the thermoelectric plants of Song Bung 4 and Lai Chau.

Eleven new projects with a total designed capacity of 7,285MW are in the preparation stage for capital investment.

It is expected that in the 2011–15 period, the EVN will kick off construction of another five power plants.

They include the Ninh Thuan 1 & 2 nuclear power plants with designed capacity of 4,000MW, and pumped storage power plants of Bac Aùi, Ham Thuan Bac, and Moc Chau with total capacity of 3,600MW.

During the 2006-10 period, the EVN worked on power-grid projects nationwide, including 110-500KV power-grid projects with total length of 3,900km, a medium-voltage network of 35KV and an overhead 0.4KV line with length of 58,100km.

The total capacity of intermediary transformer stations has reached 29,100MVA .

By the end of this year, the total capacity of Viet Nam’s power industry will be 20,900MW, of which 10,400MW was provided by EVN from 2006-10. This is 1.98 times the amount in 2005.

The average growth rate of residential electricity purchases from 2006-10 was 13.7 per cent, double the GDP growth rate.

The electricity commodity amount is expected to reach 981KWH per capita per year by the end of this year, 1.8 times higher than that in 2005.

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