EVN growth to allay power shortage

January 13th, 2014

The state-run Electricity of Vietnam will build five new power projects this year as part of high spending efforts to meet the country’s rapidly growing demand for energy.

The group plans to sink $5,8 billion into construction in 2014. The money will fund five new projects with the capacity to produce 2,555 MW for the national grid. New plants set to be built by the windfall are thế Thái Bình and Vĩnh Tân 4 power plants, while three other electricity generating facilities will be expanded, including the Duyen Hai power plant, and the Thác Mở and Đa Nhim hydroelectric projects.

“In late 2013, the Thai Binh thermal power plant and Vinh Tan 4 saw the signing of engineering-procurement-construction (EPC) contracts- the main task to be completed prior to their construction in 2014. The other projects are on the right track,” said Electricity of Vietnam (EVN).

Currently, nearly half the country’s electricity supply is generated by hydroelectric power plants, but due to weather and other factors, the need for more stable sources of electricity is ever more present.

The projects are expected to play an important role in preventing power shortages in the country, according to a press release from Mitsubishi, one of the contractors for the Thai Binh plant.

The five facilities will have an accumulative capacity of 1,656 MW and will be joined by five other projects expected to come online this year, including the 1,200 MW Vinh Tan 2 thermal power plant, the 156 MW Song Bung 4 hydropower facility, the 300 MW Haiphong 2 thermal power plant, the 600 MW Duyen Hai 1 thermal power plant and the 500 MW Mong Duong 1 thermal power plant.

Pham Le Thanh, general director of EVN said: “the operation of new generators and the construction of new power projects would reduce power supply pressure and avoid power cuts in the dry season, especially in the southern region.”

EVN aims increase the group’s output to 140.5 billion Kwh this year, up 9.9 per cent form 2013 to ensure adequate power supply for the country.

From 2011 to 20115, EVN has been tasked with running 42 generators at 20 power facilities, capable of producing 11,594MW. If they reach if those targets, it would represent 58.3 per cent of the nation’s electricity supply according to Vietnam’s power development master plan, and it includes updating and completing 330 transmission projects.

EVN will also start construction on 14 power generators to produce 12,410MW scheduled to come online in the 2016-2020 period.

In 2013, EVN’s electricity purchases and production reached about 127.84 billion kWh, up 8.47 per cent on year. Electricity demand in Vietnam is expected to see a remarkable increase of more than 10 per cent per annum in the coming years, due to the rising population and economic growth. Southern Vietnam in particular, the country’s largest economic bloc, which includes Ho Chi Minh city faces a critical situation in relation to the current imbalance between the existing supply and the increasing demand for electricity.

By Phuong Thu – VIR

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