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Government encourages foreign investment in power industry
30 July 2007
Prime Minister Nguyen Tan Dung has just ratified the national energy development plan which calls for investment in power sources and distribution network from any economic agencies, domestic and oversea investors for the 2006-2015 period, also for the period until 2025.
The country will need a 17% per year increase in additional output (basic project) and will be able to increase up to 20% per year (perfect project) for the 2006-2015 period, contributing the national socio-economic development with GDP growing from 8.5% to 9% per year for the 2006-2015 period.
To satisfy the additonal output needs as above, Vietnam will have to ensure the progress of the construction of hydro power plants, boosting the building of coal-run thermopower plants, developing the gas-run thermopower sources, new kind of energy, recreated energy in the remote, mountainous, border, island areas. At the same time, it is necessary to take initiative in the exchange of power energy with the countries in the Region.
The plan also sets targets of completing the preparation of the nuclear power plant project for the Prime Minister’s approval.
Vietnam Railways
Address: 35 Le Loi Street, Quy Nhon City, Binh Dinh Province, Vietnam
Tel: (84-56) 818886, 818888, 818889, 824015 Fax: (84-56) 818887 Email: ipcbinhdinh@vnn.vn
Person in charge: Mr. Nguyen Thanh Hai, Director, IPC Binh Dinh