The National Power Transmission Corporation (EVNNPT) will commence 34 electricity transmission projects and complete 63 others this year, its Chairman of the Member Council Nguyen Tuan Tung told a conference on Tuesday.
The two companies agreed to develop joint projects based on the capability of each side and the advancements of Rosseti. They will also collaborate in technology exchange, digital transformation, personnel training, and occupational safety.
The Vietnam Electricity Group (EVN) is planning to have all equipment on transmission lines and 80 per cent of 110 kV circuit facilities digitalised from now to 2022.
Viet Nam''s National Power Transmission Corporation (EVNNPT) launched 36 power transmission projects with a total investment capital of VND19.74 trillion (US$850 million) in 2019.
Ninh Thuan Province has seen a boom in renewable energy projects, especially solar power, but power transmission lines have failed to handle the capacity.
Fitch Ratings on Wednesday assigned Viet Nam’s National Power Transmission Corporation (EVNNPT) a long-term foreign-currency issuer default rating (IDR) of ''BB'' with a stable outlook for the first time.
Viet Nam’s solar power plants are facing a crisis in consumption of their electricity because there has not been synchronous development of power transmission infrastructure or a suitable operation mechanism.
The HCM City People’s Committee has proposed that the Ministry of Ministry and Trade approve the city’s power transmission development plan with a total investment of about VND42.9 trillion (nearly US$1.9 billion).
The Mekong Housing Bank (MHB) has agreed to provide a VND376 billion
(US$18 million) loan to build a new 220kV power transmission line from
the Thuong Kon Tum-Quang Ngai plant.