Society

PV Power urged to speed up electricity projects

Deputy Prime Minister Trinh Dinh Dung has urged PV Power, a member company of the Vietnam Oil and Gas Group (PVN), to accelerate the implementation of electricity projects.
PV Power urged to speed up electricity projects ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – Deputy Prime MinisterTrinh Dinh Dung has urged PV Power, a member company of the Vietnam Oil and GasGroup (PVN), to accelerate the implementation of electricity projects.

He made the request while addressing the 10thfounding anniversary of PV Power in Hanoi on May 17.

PV Power produces nearly 7 percent of the 42,000MW of electricity generated nationwide.

According to the national electricitydevelopment plan, power capacity will increase by 1.5 times by 2020 and threetimes by 2030, with coal and gas-fueled power contributing 60 percent.

With the uneven distribution of electricity atpresent, the south is forecast to suffer from electricity shortages if thermalpower projects are not put into operation as scheduled.

Therefore, the electricity sector and PV Power hasan important task, Dung said.

He recognised the company’s achievements overthe past 10 years and asked it to mobilise all financial and human resources tospeed up thermal power projects in the north and south.
The Deputy PMrequested PV Power to operate power plants in the most efficient way whilefinalising investment procedures for new projects.

At the same time, the company should continuerestructuring and focus on main manufacturing activities, he added.

Director General of the PVN Nguyen Vu Truong Son pledged to support PV Power to implementelectricity projects and carry out existing ones.

In 10 years of existence, PV Power has generated138 billion kWh of electricity and grossed about 180 trillion VND (8.4 billionUSD) in revenue, earned pre-tax profits of 9.63 trillion VND (423 million USD)and contributed 8.83 trillion VND (388 million USD) to the State budget.-VNA
VNA
#PVN#PV Power#Vietnam Oil and Gas Group#electricity#projects#founding anniversary#development plan#power capacity#distribution#thermal power#operation#restructuring#revenue#pre-tax profits#State budget
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