Vietnam suffers capital shortage for power infrasturcture

Capital shortages for electricity infrastructure forced Electricity of Vietnam Group to increase power purchase from other sources.

The Ministry of Construction has said that work on many electricity projects of EVN and the Vietnam National Oil and Gas Group cannot continue due to a capital shortage from investors, newswire Vnexpress reported.

In the first seven months of this year, EVN bought 36.78 billion kWh of electricity from outside providers, accounting for 56.1 percent of the total output, said EVN.

It bought 1.571 billion kWh from neighboring China, EVN said in its report on business and production performance in January-July.

In July alone, EVN’s electricity supply for households and production was sufficiently maintained at a total 10.38 billion kWh, of which, power production was 5.551 billion kWh, accounting for 53.5 percent.

Cumulatively, in the first seven months of this year, EVN’s electricity production and purchases were 69.097 billion kWh, rising 11.2 percent over the same period last year.

Specifically, electricity production was 30.315 billion kWh, making up 43.9 percent of its total output.

According to EVN, as expected, this month the load of the power system is able to reach up to 348 million kWh per day, and the largest capacity would range around 19,000-19,300 MW.

Also this month, the group’s electrical system operation target is to exploit hydropower plants such as Son La and Hoa Binh to ensure safe operation of the grid.

“Ongoing power projects account for 40 per cent in planning and 75 per cent of the capacity of the whole sector”, said the ministry.

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