Vietnam Ministry to Propose Investors of 13 Power Projects
Vietnamese Prime Minister Nguyen Tan Dung has recently requested the Ministry of Industry and Trade to propose investors of 13 power projects state-owned Electricity of Vietnam Group (EVN) has recently refused to invest in due to severe capital shortfall.
The Premier also asked EVN to continue acting as investors of 25 power plants with a total capacity of 27,660 MW under the national electricity development plan between 2006 and 2015, and vision 2025, approved by the government.
The government leader asked the group to draw lessons from and work out measures to speed up construction of its stagnant power projects.
The electricity sector must continue efforts to boost administrative reform with the focus on easing long monopoly on power distribution and trading activities and creating a more competitive electricity market, Mr. Dung said.
EVN needs over VND43 trillion (US$2.6 billion) for power projects in 2008, however, it said that nearly VND36 trillion (US$2.18 billion) is available.
Capital lack may worsen Vietnam’s power thirst after 2012, analysts said.
Vietnam is forecast to lack 8.6 billion kWh of power this year. The figure will climb to 36 billion kWh in 2020 and 120 billion kWh in 2030. (Investment)
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