Corporation Works To Better Power Transmission

The Vietnam National Power Transmission Corporation (NPT) has said that it plans to invest 16.9 trillion VND (805 million USD) in power transmission lines this year, up 1.36 times from the previous year.

Accordingly, the NPT will put into operation 54 transmission lines ranging from 110kV – 500kV and launch additional 50 similar projects, especially those in the southern region.

On top of this, the corporation will deploy projects to improve the efficiency of official development assistance use and transmission capacity of power grids across the north.

In order to seek and utilise the needed sum, NPT will focus its efforts on improving the quality of investment, borrowing from various commercial banks and financial institutions, and scrutinising operation and management models to ensure minimal costs.

It will also call for new loans from domestic and foreign financial organisations in the time to come.

Source: VNA

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