South Vietnam to get $225-B power project investments

Vietnam's Southern Electricity Corporation will invest nearly US$225 billion for power projects this year.

The projects include a sea cable system from Ha Tien to Phu Quoc island, and power transmission networks in rural areas.

The firm has signed an EPC contract with Italy’s Prysmian Powerlink Srl company for laying 56km of sub-sea cable to Phu Quoc island. The power transmission line, which also comprises of 7.6km of cable on land and a 110kV station, is scheduled to be completed in 2014, connecting the resort island to the national power grid. Total investment in the line surpasses $111 million.

Meanwhile, $49 million will be poured into the construction of power grids in areas inhabited by Khmer people in Kien Giang, Soc Trang and Tra Vinh provinces.

Besides, the German Development Bank-funded rural power distribution project will be accelerated to meet the deadline in 2014. With a total investment of VND1 trillion, the project aims to ensure stable electricity supply, improve safety and reduce power loss in rural areas.

The corporation invested a total of $139 million in 45 110-kV-power grid projects and 218 distribution networks in the south.

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