EVN sets out investment plan

6 September 2005 - Vietnam's state power utility Electricity of Vietnam is to spend $1.65bn over the next five years building power plants with capacity of 2300 MW in order to alleviate a shortage of electricity, which this year was exacerbated by low hydropower resources.

Vietnam currently has electricity generating capacity of 8.3 GW and has long-term plans to develop a competitive power market.

EVN, which failed to meet the hiked demand this summer due to a drought that drained the hydroplant reserves and is forecasting a similar problem will arise from 2006-10.

While accelerating the Uong Bi thermal power plant's construction to finish it and be operating by March 2006, EVN will build 18 steam turbines to put out a further 37 MW in 2006-07.

From 2007-08, EVN will build an additional eight steam turbines and two boilers, putting out another 1320MW, and will build a gas thermal power plant with a 600 MW annual output by 2008.

In addition, EVN will increase water levels in hydropower plant reservoirs, especially Hoa Binh, which will rise to 116m, and will make full use of diesel power plants to create an additional 160 million KWh at the Phu My and Ba Ria plants.

The public utility is also considering buying 770 million KWh in 2006 from China, 16 billion KWh in 2007 and 1.9 billion KWh in 2008.

EVN is considering the introduction of a build-operate-transfer (BOT) model in order to attract private financing for new power projects. It requires VND45tn ($2.8bn) to complete the 14 power projects now under construction.

The 14 projects should help EVN meet the additional 600MW demand over the next two years.

Since 1975, Vietnam has built many major power plants, including the Hoa Binh hydroelectricity power plant and the Phu My thermal power complex, as well as the North-South 500kV transmission line.

Power output has increased from under 3 billion KWh in 1975 to 53 billion KWh currently. The target for 2010 is 100 billion KWh.

Investment in the power sector has rapidly increased. EVN alone has invested more than $14 billion in the past decade. All districts and 91.25 per cent of households in the country now has access to the national electricity grid.

Sponsored by FLSmidth

Related Articles

Montana coal-fired power plant is latest to shut down

The J.E. Corette coal-fired power plant in Billings will shut down in August, its owner said Tuesday, making it the latest casualty in a wave of closures across the country that have left the coal industry reeling.

Putin's visit to Egypt nets plan to build nuclear plant

Russian President Vladimir Putin and his Egyptian counterpart said on Tuesday that the two countries plan to jointly build Egypt's first nuclear power plant, as well as boost trade relations and investments.

Follow Power Engineering on Twitter
Latest News

S. Africa court dismisses Westinghouse nuclear generator replacement dispute

A South African court dismissed a filing from Westinghouse Electric Co. asking to reopen bidd...

IAEA urges India to tighten nuclear safety regulations

The International Atomic Energy Agency (IAEA) is pressing India to tighten its nuclear safety...

Caterpillar's C280 Genset enters China offshore market

Caterpillar Oil & Gas will supply six of its Cat C280-16 offshore generator sets (gensets...

Justices divided over EPA mercury limits

The Supreme Court's conservative justices cast doubt on the Obama administration's first-ever...

Report: Global wind power installations increased by 42% in 2014

Global wind power installations grew 42 percent year-over-year, according to a new report con...

Low carbon standard passes Ill. Senate committee

An Illinois Senate committee passed a bill that would establish a low carbon standard that wo...

Russia to build two nuclear power reactors in Jordan for $10bn

Russia signed a $10 billion deal to build Jordan’s first nuclear power plant.

Iowa top officials on opposites sides in EPA lawsuit

Iowa's governor and attorney general were on opposite sides of a case argued Wednesday at the...

Power Engineering Current Issue

01/01/2015
Volume 119, Issue 1
1501pe-cover-lg
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Buyers Guide Categories

Buyers Guide Product Listings

Sargent & Lundy Construction Management Services

Providing complete construction management and ...

Mechanical Services

Expert mechanical services range from boiler ma...
Power Industry Wire News

Earthstone Energy, Inc. Reports Fourth Quarter and Full Year 2014 Results

Earthstone Energy, Inc. Reports Fourth Quarter and Full Year 2014 Results

Chicago's Lakeshore Recycling Systems Helps Change a Life on March 27 Airing of the Steve Harvey Show

Chicago's Lakeshore Recycling Systems Helps Change a Life on March 27 Airing of the Ste...

East West Petroleum Corp.'s CEO David Sidoo Interviewed by The Energy Report

East West Petroleum Corp.'s CEO David Sidoo Interviewed by The Energy Report

Perma-Fix Schedules Fourth Quarter 2014 Earnings Conference Call

Perma-Fix Schedules Fourth Quarter 2014 Earnings Conference Call

Murray Energy's Controlling Interest of Foresight Creates U.S. Coal Mining Giant, an Industrial Info News Alert

Murray Energy's Controlling Interest of Foresight Creates U.S. Coal Mining Giant, an In...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>