|Illustrative image (Source: VNA)
The National Steering Committee for Electricity Development said under PDP VII for the 2016-20 period, total national power output would reach 21,650MW, including 14,465MW, or 66.8 percent, by other producers.
In the 2016-30 period, EVN has been assigned to invest in 24 projects with a total capacity of 15,215MW, including 14 projects in the 2016-20 period with a total capacity of 7,185MW.
Nine out of the 24 projects are operating, while the remaining 15 projects are under construction or in the preparation stage.
The Steering Committee said EVN had approved an adjusted design for the Quang Trach I Thermal Power Project with a capacity of 2,400MW. This would be a key project, making an important contribution to ensuring national energy security.
The Government has requested the State Bank of Vietnam to support EVN in loans for this project. They need to report difficulties to the Government.
EVN expects to start construction of the project at the end of 2020 and put the project into operation in 2024.
For the Quang Trach II Thermal Power Project (2,400 MW), the Management Board of Quang Binh Economic Zone has been collecting opinions evaluating this project to report to the Ministry of Planning and Investment. According to the revised PDP VII, the project will be put into operation in 2028-29.
Meanwhile, EVN has submitted to the Prime Minister for approval the pre-feasibility study report (PreFS) of O Mon III Thermal Power Plant project to receive a decision of the investment policy. Therefore, according to the National Steering Committee, the project is forecast to finish five years later than planned.
According to the revised PDP VII, the O Mon IV thermal project (1,050MW) will operate in 2021, the Dung Quat I Thermal Power Project in 2023 and the Dung Quat III Thermal Power Plant in 2026.
According to Minister of Industry and Trade Tran Tuan Anh, standing deputy chairman of the National Steering Committee, power projects have been implemented in three investment models, including those invested by Vietnam Electricity (EVN), the Vietnam National Oil and Gas Group (PetroVietnam) and Vietnam National Coal and Minerals Group (Vinacomin); build-operate-transfer (BOT) projects and independent power producer (IPP) projects.
The revised PDP VII includes 62 projects with a large capacity of over 200MW in the period from 2016 to 2030. Of which, 15 projects have completed as scheduled while the remaining 47 projects are delayed.
PVN is the investor of eight key power projects with a total capacity of 11,400MW, including three projects in the 2016-20 period and five projects in the 2021-30 period. At present, all eight projects have faced difficulties, so have not been completed according to the schedule in the revised PDP VII.
Meanwhile, TKV has been developing four projects with a total capacity of 2,950MW, including two projects in the 2016-20 period and two other projects in the 2021-30 period. All four projects are set to finish two years later than planned or longer.
Nineteen thermal power plant projects are invested in the form of BOT, with a total capacity of nearly 27,000MW. There are seven IPP projects with a total capacity of about 2,000MW.
According to the National Steering Committee, the IPP projects are also delayed. It is hard to know when those projects will be completed, including My Ly and Nam Mo hydroelectric projects; Cong Thanh Thermal Power Project; and Hoi Xuan Hydropower Project.