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Vietnam invests 5.93 bln dollars to boost power grid capacity in 2016
Vietnam invested more than 134.85 trillion Vietnamese dong (5.93 billion U.S. dollars) into boosting the national power grid capacity in 2016, according to the state-run power group Electricity of Vietnam (EVN).
It was 1.8 percent higher than the figure the group had planned for 2016. Last year, EVN put into operation five turbines at northern Lai Chau and Huoi Quang hydro-power plants as well as southern Duyen Hai thermal power plant with combined capacity reaching 2,305 mega watt.
The EVN also joined Cai Chien island in the northern province of Quang Ninh, Cu Lao Cham island in the central province of Quang Nam and Lai Son and Hon Nghe islands in the southern province of Kien Giang to the national grid last year.
Also, the group completed 297 projects on upgrading and expanding the national grid, including transformer stations and transmission lines which are key to power security in the south, electricity transmission capacity between the north and the south, and electricity supply for capital Hanoi and key northern economic zones.
According to EVN Director Dang Hoang An, in 2016, the group mobilized some 2.96 billion U.S. dollars worth of official development assistance and preferential loans from international financial institutions, such as the World Bank, and the Asian Development Bank among others.
Also, the group completed 297 projects on upgrading and expanding the national grid, including transformer stations and transmission lines which are key to power security in the south, electricity transmission capacity between the north and the south, and electricity supply for capital Hanoi and key northern economic zones.
According to EVN Director Dang Hoang An, in 2016, the group mobilized some 2.96 billion U.S. dollars worth of official development assistance and preferential loans from international financial institutions, such as the World Bank, and the Asian Development Bank among others.
