HCMC – The Government has approved a 500kV power transmission line project worth over VND3 trillion to bolster electricity supply in the country’s northern region.
This project constitutes one segment of the larger 500-kV transmission line circuit 3 project, designed to alleviate stress on the existing 500kV lines, particularly during periods of heightened transmission when northern hydroelectric plants operate below their capacity.
The National Power Transmission Corporation (EVNNPT) has been entrusted with the project’s implementation.
Of the total cost, VND925 billion, equivalent to 30%, will be funded by the project owner, while the remainder will be financed through commercial bank loans.
Once the Nam Dinh 1 thermal power plant commences operations, the new line will play a pivotal role in channeling power output from regional thermal and renewable energy plants into the national grid.
The 74.4-km line will link the 500kV distribution yard of the Nam Dinh 1 plant to the 500kV Thanh Hoa transformer station, traversing the provinces of Nam Dinh, Ninh Binh, and Thanh Hoa. Construction is scheduled to commence this year, with a target completion date of June 2024.
The Ministry of Planning and Investment will oversee investment evaluations in compliance with the national Investment Law, while the Ministry of Industry and Trade will assume state project management responsibilities and guide the EVNNPT in refining the project’s framework.
The Ministry of Natural Resources and Environment will ensure adherence to environmental regulations and assist provincial committees with land-related procedures.
The project received formal approval on October 24, 2023, as outlined in Decision 1241 by the prime minister.
Source: The SaigonTimes