Vietnam Electricity to speed up projects in 2019 amidst rising demand

It wants to accelerate the construction of transformer stations and start operations of a line in South Saigon.

Vietnam Electricity (EVN) will accelerate its projects in 2019 to meet rising demand and ensure sufficient supply for the year, Vietnam Energy reports.

The projects include 220kV transformer stations in Luu Xa, Quynh Luu and Quang Chau and the Binh Long – Tay Ninh 220kV line. EVN will also hand over the site for the construction of a 500kV line.

It also eyes switching on the operations of the South Saigon – Precinct 8 220kV line in December 2018.

EVN is also turning its affiliate Electricity Generation Corporation 3 (EVNGENCO3) into a shareholding company. It eyes doing the same with EVNGENCO2 and EVNGENCO1 following the prime minister's guidelines.

The report added that ensuring electricity supply at reasonable prices has been a headache for authorities due to rising demand and increased demands from foreign investors that operate their factories in Vietnam.

Photo by Maurice Koop, CC BY-ND 2.0