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DAM-L LS: Vietnam announces ambitious energy plan (fwd)
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Date: Mon, 27 Nov 2000 18:13:50 -0800 (PST)
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subject: LS: Vietnam announces ambitious energy plan
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Vietnam announces ambitious energy plan
( November 23, 2000 )
Ho Chi Minh City (dpa) - Vietnam aims to increase its
annual power
generation to 11,000 megaWatts within five years to
accommodate the
country's growing demand for electricity, state media
said Thursday.
State-owned monopoly Electricity of Vietnam (EVN)
said the ambitious
plan - a 57 per cent rise on this year's power
production total - was part of a
10-year, 15.78-billion-dollar energy development
strategy, Vietnam News
reported.
EVN director Dao Van Hung said Vietnam's
consumption is expected to
surge from 26.75 billion kiloWatt hours (kWh) this year
to as much as 49
billion kWh in 2005 and 78 billion kWh in 2010, the
paper said.
Vietnam produces 7,000 megaWatts per year, but is
expected to fall 300
to 500 megaWatts short of its needs in 2000, forcing the
state to buy
electricity from private plants, the newspaper added.
Hydroelectric plants are to account for 40.9 per
cent of the nation's
electricity capacity, Hung was reported to have said.
Gas and diesel-powered plants are to generate 41.5
per cent, while the
remaining 17.6 per cent will be thermal energy, he added.
Consumption has risen an average 14 per cent per
year since 1995, the
paper said, as 96.4 per cent of rural districts have
connected to the national
grid and the impoverished country increases industrial
production and turns on
to consumer trends.
Progress on a handfull of power projects,
including plans for a
1.5-billion-dollar gas pipeline involving a British
Petroleum-led foreign
consortium, has stalled due to haggling over gas prices. dpa
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