The National Power Transmission Corporation (EVNNPT), a subsidiary of Vietnam Electricity (EVN), plans to commence work on 34 electricity transmission projects and complete 63 others in 2024. The focus will be on enhancing the capacity of the 500 kV north-central power transmission grid and serving renewable power plants, as well as for the purchase of electricity from Laos. A detailed schedule for the operational progress of key projects will be established, along with plans to secure sufficient capital for major projects until 2025.
During 2023, the total generation capacity of Vietnam increased by 2.8 GW taking the country’s installed capacity to 80,555 MW, the highest in the ASEAN region. EVN invested nearly VND91 trillion in power projects, with 146 grid projects initiated and 163 others completed. In 2024, the company plans to invest over VND101.91 trillion in new projects and complete 190 grid projects of 110-500 kV voltages.
