Total investment capital demand of the Group is 479,000 billion VND during the period of 2021 – 2025
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The general objective of the Plan is to develop EVN into a strong economic group, operating sustainably, effectively and profitably; preserving and developing the state capital invested in EVN and the capital of EVN invested in other enterprises; completing other tasks assigned by the state owner. Making a major contribution to the task of ensuring sufficient electricity supply for socio-economic development, production and business, and consumption of people at a reasonable electricity price, ensuring the preservation and development of state capital invested in the Group.
The specific goals and tasks set for EVN are to direct the operation of the national power system with the goal of ensuring continuous, stable, efficient and effective power supply, in accordance with regulations, ensuring the security of electricity supply. Perform the political task of playing a major role in ensuring sufficient electricity supply for socio-economic development, production and business, and consumption of people.
Invest in the development of power source and grid projects assigned according to the Power Development Plan and cooperation frameworks between Vietnam and international partners, ensuring progress, quality and investment efficiency , especially important, key, urgent works such as the 500 kV transmission line from Quang Trach (Quang Binh) to Pho Noi (Hung Yen); building a smart grid, efficient synchronization with power sources and providing electricity to loads. At the same time, promoting environmental protection measures in the construction investment and operation of power works.
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Main indicators of the 5-year plan 2021-2025: – Electricity produced and purchased: 1,404,891 million kWh – Commercial electricity: 1,288,064 kWh – Power consumption ratio for transmission and distribution: Strive to reduce to 6% by 2025 – Standard profit on equity: 3% – Capital investment demand: 479,000 billion VND |
Perform the assigned tasks of infrastructure investment, training and development of human resources to serve the development and operation of the competitive electricity market in Vietnam according to the levels approved by the competent authority; early deployment and promotion of the retail electricity market.
Implement the restructuring plan of the Vietnam Electricity Group for the period up to the end of 2025 after being approved by the competent authority.
Build an intelligent and flexible power grid system, capable of high automation from transmission to distribution.
Ensure meeting electricity demand with an average annual commercial electricity growth rate of about 7%
The Decision specifies the implementation plan for the following areas: Electricity supply; power source development investment; grid development investment; rural, mountainous and island electrification investment.
In the field of electricity supply, the plan ensures meeting electricity demand with an average commercial electricity growth rate in the period 2021 – 2025 of about 7%/year (in which the commercial electricity growth in the years 2022 – 2025 is about 7 ,82%/year). Prepare options to be able to meet sufficient electricity demand with a higher commercial electricity growth rate.
Regarding the field of power source development investment: Start construction of 07 power source projects with a total capacity of 3,643 MW and 150 MWp including: Hoa Binh MR Hydropower, Ialy MR Hydropower, Quang Trach I Thermal Power, Tri An MR Hydropower, Bac Ai Pumped-storage Hydropower and Phuoc Thai 2, 3 Solar Power.
Put into operation 04 power source projects with a total capacity of 840 MW and 150 MWp including: Hoa Binh MR Hydropower, Ialy MR Hydropower and Phuoc Thai 2, 3 Solar Power.
Continue to implement solutions to speed up the investment progress of key power source projects to put into operation the remaining 06 projects in the period 2026 – 2030 with a total capacity of about 5.803 MW including: Quang Trach I Thermal Power, Tri An MR Hydropower; Dung Quat I&III Thermal Power, Quang Trach II LNG, Bac Ai Pumped-storage Hydropower.
Deploy procedures to prepare for investment in expanding existing hydropower plants, pumped-storage hydropower plants and power projects using liquefied gas according to the approved plan. At the same time, continue to study and supplement offshore wind power plant projects, expand the remaining existing hydropower plants (Son La, Lai Chau, Huoi Quang, Ban Chat), low-head hydropower plants… to have sufficient basis for Reporting to competent authorities for consideration, approval for inclusion in Plan VIII/ Implementation Plan of Plan VIII.
Focus on completing the key project of the 500 kV transmission line from Quang Trach (Quang Binh) to Pho Noi (Hung Yen) in 2024
Grid development investment sector: Invest in 500 – 220 kV grid works assigned in Power Plan VIII, including completing and putting into operation 225 500 – 220 kV transmission grid works with a total length of about 10,500 km and a total substation capacity of about 63,000 MVA. In which, focus on investing in the construction and completion of the key project of the 500 kV transmission line from Quang Trach (Quang Binh) to Pho Noi (Hung Yen) in 2024.
Rural, mountainous and island electrification investment sector: Implement investment in rural electrification projects in localities assigned in the Rural, Mountainous and Island Electrification Program for the period 2021 – 2025 in accordance with the objectives of the Program and the ability to allocate state budget capital in the period 2021 – 2025.
Continue to allocate capital sources to renovate and expand the existing power grid, ensuring the reliability of electricity supply and power quality, meeting the electricity consumption requirements of people and businesses.
Total investment capital demand of the whole Group is 479,000 billion VND
The Decision clearly states that the Total investment capital demand of the whole Group is 479,000 billion VND, including:
+ Net investment capital: 278,215 billion VND
+ Capital contribution to electricity projects: 1,455 billion VND
+ Payment of principal and interest on loans: 199,330 billion VND.
Total investment capital demand of EVN Parent Company is 99,950 billion VND, including:
+ Net investment capital: 50,402 billion VND
+ Repayment of principal and interest on loans: 49,548 billion VND
+ For capital contribution to invest in Vinh Tan 3 Thermal Power Project will be updated and supplemented after the competent authority approves the capital contribution policy.
To achieve the set goals, EVN will implement solutions on corporate governance and management; financial solutions; investment solutions; solutions on the operation of power plants and electricity market; solutions on science and technology, safety, environment and sustainable development; solutions on defense – security – foreign affairs.
