EVN to buy power from Petro Vietnam’s Ca Mau plant

EVN to buy power from Petro Vietnam’s Ca Mau plant

09/01/2008 -- 11:49 AM

Ha Noi (VNA) – Electricity of Viet Nam (EVN) will buy electricity from Ca Mau Power Plant, under a deal inked on Jan. 8 between EVN and Ca Mau Power’s main investor Petro Vietnam .

Under the deal, Ca Mau power plant will provide 1,500MW of power to EVN each year, becoming EVN’s biggest independent supplier – although the price of the purchase was not released.

EVN General Director Pham Le Thanh said the deal would help the group meet rising power demand during 2008.

Thanh added that through the deal, the electricity group also supports Petro Viet Nam in completing Ca Mau Plant No 2, a part of the main plant, which would raise capacity substantially.

“Through the deal on Jan. 8, our group expects to end shortages of power needed for daily activities, which have occurred during previous years,” Thanh said.

Bui Xuan Khu, deputy Minister of Industry and Trade, said the deal reflected the comprehensive co-operation between two giants in Viet Nam , while also promoting competition from local enterprises aimed at further integration into the World Trade Organisation.

Ca Mau Power Plant includes Ca Mau No. 1 and No.2, with a total investment of 12.6 trillion VND (787.5 million USD). It is located in U Minh district of the outhernmost province of Ca Mau .

The plant is expected to provide about 6.6 billion kWh to the nation’s power grid this year, representing 8 percent of total power capacity nationwide.-Enditem
(VNagency)