At a conference in the Mekong Delta city of Can Tho on June 24, Mr. Nguyen Phuoc Duc, Deputy Director of the Southern Power Corporation (SPC), said that the money will be sourced from the State budget, official development assistance (ODA) loans, domestic commercial lending, domestic preferential loans and advances from customers.
The projects of the SPC includes one to provide electricity to over 6,100 ethnic Khmer households in the Mekong Delta province of Kien Giang, and one to reduce emissions in energy supply which using loans from the German Development Bank,
The SPC also plans to build a 110kV power line (152km) and a dozen of 110kV transformer stations, as well as carry out the third phase of a World Bank-funded project to support the development of electricity reform policy.
One project plans to build medium and low voltage lines by using Japan International Cooperation Agency (JICA)’s loans. Other schemes involve upgrades to the power distribution network in small- and medium-sized cities across 21 southern localities, especially building and reinforcing the 110kV power grids, and upgrading and expanding medium and low voltage grids.
More than 5,800 km of medium voltage line along with over 9,000 km of low voltage line and nearly 511,000 MVA transformer stations will be constructed.
A project will be carried out to provide electricity for the island communes of Hon Thom and Son Hai, and Phu Quoc island district in Kien Giang province.
Additionally, the SPC will develop the power grid in remote and mountainous areas to meet the target on rural households’ access to electricity by 2020.
The SPC strives to supply efficient electricity for 21 cities and provinces in the south during 2016 and the following years, while ensuring an average power growth of 10.5-12 percent per year and a reduction in power cuts by 2020.
About 49.4 billion kWh of commercial electricity were supplied to 21 southern cities and provinces in 2015, a year-on-year increase of 10.74 percent.
In the first five months of this year, nearly 22 billion kWh of electricity were supplied, representing a yearly rise of 13.31 percent. To ensure supply, the corporation invested over 18 trillion VND (810 million USD) to build power grids in the south between 2011-2015.
