10:38 | 12/08/2015 Industry
Electricity of Vietnam (EVN) aims to mobilise over VND600 trillion (US$27.9 billion) from both domestic and international sources to further develop power plants and the power grid from 2016-2020, the Ministry of Industry and Trade said on August 6.
In the next five years, EVN aims to build and put 11 power projects with 19 turbines into operation with total capacity of 5,819 megawatts.
The group will negotiate with domestic banks and international financial organisations for loans to carry out its investment plans.
In the next five years, EVN aims to build and put 11 power projects with 19 turbines into operation with total capacity of 5,819 megawatts. The group will also ensure progress on key and urgent projects, including the Lai Chau hydropower plant and projects under the Vinh Tan, Duyen Hai and O Mon power centres, while continuing with preparations to launch the first nuclear power plant in Ninh Thuan.
Part of the investment amount will be used for projects to supply electricity to rural, mountainous and island areas from 2013-2020, to meet the goal of providing access to electricity for all rural households.
From 2011 to 2015, EVN spent nearly VND480 trillion (US$22.3 billion) to develop power plants and the power grid, 2.37 times the amount spent from 2006 to 2010./.