illustrative image (Source: VNA)Hanoi (VNA) – The Electricity of Vietnam(EVN) said it channelled more than 134.85 trillion VND (5.93 billion USD) into boostingthe national grid capacity last year.
The figure was 1.8 percenthigher than the investment sum the group planned for 2016 and was equal to 9percent of total social investment of the entire nation.
As a result, the EVN putinto operation five turbines at Lai Chau and Huoi Quang hydropower plants aswell as Duyen Hai thermo-power plant with combined capacity reaching 2,305 MW.
The pace at most other keygeneration projects is on schedule.
In 2016, the EVN completed297 projects on upgrading and expanding the national grid, including transformerstations and transmission lines which are key to power security in the south, electricitytransmission capacity between the north and the south, and electricity supplyfor Hanoi and key northern economic zones.
As part of EVN projectslast year, Cai Chien island in the northern province of Quang Ninh, Cu Lao Chamisland in the central province of Quang Nam as well as Lai Son and Hon Ngheislands in the southern province of Kien Giang have joined the national grid.
Projects to expandelectricity access in Lao Cai’s Muong Khuong district and for 2,800 householdsin Son La have been underway since 2016 and are expected to finish prior to theupcoming Lunar New Year, which is due to fall on January 27.
According to EVN Director DangHoang An, the group mobilised some 2.96 billion USD worth of officialdevelopment assistance and preferential loans from international financialinstitutions, such as the World Bank, Asian Development Bank and JapanInternational Cooperation Agency.
Strong investment led tosmoother performance of EVN projects, with none cancelled due to money shortagethroughout 2016.-VNA
VNA
