Luu Viet Tien, head
of Investment Department of the National Power Transmission Corporation said
total investment capital needed for developing electricity transmission network
by 2020 is $10 billion.
Electricity
transmission projects can access only $4
billion funded by ODA and commercial sources and the rest $6 billion has not
been arranged, Tien said at a meeting about modernizing electricity
transmission network held in Hanoi June 20.
Tien
also said average price of electricity transmission in Vietnam was 6.58% in
2008-2012, much lower than the average price in the world and, citing
electricity transmission prices of 76.1 dong and 83.3 dong respectively in
2011, 2012.
He
proposed the government to raise electricity transmission prices to 10-12% of
electricity prices from over 6% in 2011-2012 as “the current electricity
transmission prices are not enough to meet investment in the future”, he
stressed.
It
is estimated that electricity demand will rose 14.1% in 2011-2015 therefore
Vietnam needs to develop electricity
capacity of 43,000MW in 2015, meanwhile, electricity transmission
capacity for 220kV-500kV of the National Power Transmission Corporation cannot
catch up the power generation development pace.
Tien
predicted the demand for power load will be up 15%.
It
is estimated that power transmission network needs $760 million new investment
each year and in 2013-2016 National Power Transmission Corporation plans to
invest 36 small projects from the North to the South with a total investment of
$700 million.
StoxPlus
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