Many power projects cut to help control inflation

July 08, 2011 | 16:00

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The Electricity of Vietnam (EVN) and its subsidiaries have decided to cancel construction of 300 projects with total investment of VND12.5 trillion ($609 million) in response to government Resolution 11.

The resolution was passed to control inflation, stabilise the macroeconomy and ensure social security.

EVN reviewed its investment plans and was able to identify projects which could be cancelled without affecting the nation's power supply or other key projects of constructions.

Its subsidiaries have been actively co-operating with localities to develop land for the construction of power supply facilities as well as developing awareness raising programmes to inform the public about the need to save power.

EVN statistics reveal that the country saved 530 million KWh of electricity in the first half of the year.

EVN said that 1,700MW was added to the country's power system in the first six months of the year as a result of five new power projects with total capacity of 1,085MW. At the same time, power demand in the period was 18.3 per cent less than predicted.

It also completed 56 power grids ranging from 110KV to 500KV.

The group said that electricity regulations and controls had been effective due to a higher water level in reservoirs and power savings in production and consumption.

The group said the power system was expected to reach 314.5 million kWh per day this month.

EVN plans to maximise output by hydropower plants and mobilise other resources such as coal and turbines in addition to importing electricity to meet the country's socio-economic development needs.