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Vietnam Electricity Group (EVN) announced huge investment in power project plans for 2009

Posted on : 14 May, 2009

 

Hanoi - The Vietnam Electricity Group (EVN) has reported that it is to invest almost 50 trillion VND in electricity generation sources during 2009, including nuclear power plants.

The State-run business revealed that it has raised 44.39 trillion VND so far and is actively seeking the remaining 5.6 trillion VND.

To make up the shortfall, the national group said that it would make full use of official development assistance (ODA) and preferential credit sources, seek commercial loans, and ensure the smooth progress of an approved plan to issue 4 trillion VND worth of bonds.

With the planned investment, EVN will strive to put into operation nine electricity plants with a combined capacity of 2,696 MW and commence construction of four thermal-electricity plants, capable of producing 3,800 MW in total, this year.

The group is also finalising reports regarding investments in two nuclear power projects, Ninh Thuan 1 and 2, to be submitted to the National Assembly before April this year.

 

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