Vietnam’s import of electricity from China will jump to 2.5 billion kilowatt-hours this year, according to Vietnam’s state-owned power utility, Electricity of Vietnam Corp. (EVN).
According to Chinese statistics, China exported 1.84 billion kilowatt-hours worth some US$80.7 million to Vietnam from September 2004 to March 2007.
EVN CEO Pham Le Thanh said EVN was building more transmission lines to bring the electricity to other provinces to cope with ongoing shortages expected to continue next month.
Under a contract with the China Southern Power Grid Company, EVN is to buy electricity for use in northern Vietnam for at least 10 years. Thanh said he hoped new power plants would come into operation as scheduled so EVN could stop buying Chinese electricity when the contract is up.
EVN plans to supply 67 kilowatts of electricity this year, including 18 billion kilowatts bought from other sources, said Thanh.
He added that EVN was selling electricity at lower prices than it had to pay and would thus suffer some VND4 trillion ($250 million) in losses this year.
Source: Thanh Nien
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