EVN Racing Against Clock to Raise Power Output

By Phuong Thu

Vietnam Investment Review

Cash-strapped Electricity of Vietnam is speeding up key power projects to meet increased future demands.

The firm’s (EVN) 2011-2012 target is to provide adequate electricity to meet the demand in 2012, but in 2013 and 2014 there could be shortages in southern provinces.

The group has warned that if the amount of natural gas produced by the Nam Con Son facility fell to 5.61 million cubic metres from its current 6.6 million cubic metres of gas per year in 2012, it might not have 13 per cent electricity supply growth.

In addition, EVN said if construction was delayed on the Vinh Tan 2 thermal power plant, the Duyen Hai 1 thermal power plant and the 1,200MW Long Phu 1 thermal power plants prior to 2015, all of them are located in the south, southern provinces would lack 8-8.4 billion kWh per year in 2015.

Binh Phuoc, Binh Duong, Dong Nai, Dong Thap, Long An, Tien Giang, An Giang, Tay Ninh, Tra Vinh, Hau Giang, Kien Giang, Soc Trang, Bac Lieu, Can Tho, Ba Ria Vung Tau and Ho Chi Minh City will be impacted.

However, the speeding up process may be hurt by EVN’s lack of cash. State-run EVN announced in 2010 it lost VND23.5 trillion ($1.1 billion) and in 2011, EVN losses were a mere VND3.5 trillion ($168 million).

From 2011 to 2015, EVN will need around $20 billion to run 42 generators at 20 power plants to produce 11,594MW. That would be 58.3 per cent of the electricity supply in the Seventh National Power Development Master Plan for 2011-2020, with a vision to 2030. The group will also continue completing 330 power transmission projects.

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