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dam-l LS: Vietnam Revises Down Power Output Target
Vietnam Revises Down Power Output Target
( September 13, 1999 )
HANOI (Sept. 13) XINHUA - The Vietnamese government has decided to revise
down the country's power output target of this year because of slackening
consumption.
Vietnam's Ministry of Planning and Investment has agreed to a
proposal by Electricity of Vietnam (EVN) to revise down the year's power
output target, according to a report of Vietnam's English newspaper The
Saigon Times Daily on Monday.
Early this year, the EVN set a target of producing and buying a total
power of 24.38 billion kilowatt hours, but now wants to adjust it down to
23.47 billion kilowatt hours and reduce the year's sales target to 19.18
billion kilowatt hours from 19.88 billion.
The regional financial and economic crisis has resulted in a business
slowdown in the country, which has in turn affected power consumption, and
that early rain has eased electricity demand, said EVN.
The EVN is expected to cut annual power production from 27 billion
kilowatt hours to less than 26 billion next year.
With regard to the current consumption level, the domestic demand for
power should be met by 2005 when the power plants now under construction
are commissioned.
In this period, new power projects will not be encouraged to avoid
oversupply.