Accelerating from beginning of the year

The year 2026 marks the first year of implementing the five-year plan under the adjusted Power Development Plan VIII, serving as a pivotal milestone for the development of the national power system in the new phase. Amid rising electricity demand, the transmission sector is tasked with ensuring synchronized infrastructure that stays one step ahead, laying the foundation for sustainable economic growth.

EVNNPT has identified ensuring the progress of key transmission projects from the very beginning of the planning period as its top priority. 500kV and 220kV transmission lines and substations play a crucial role in evacuating power from generation sources, integrating imported electricity and renewable energy, strengthening system interconnections, and enhancing inter-regional transmission capacity. Any delays in the first year would place significant pressure on subsequent years.

At the same time, investment preparation and project management are being further standardized and streamlined across the entire system. In particular, compensation and site clearance have been identified as critical tasks that must be prioritized. This remains the most significant bottleneck affecting the progress of transmission projects.

According to Mr. Truong Huu Thanh, General Director of EVNNPT, the number of projects to be commenced and energized in 2026 is expected to increase significantly, with a distribution across multiple provinces and regions.

In addition, increasingly stringent requirements on technical standards, environmental protection, and safety, along with fluctuations in material and labor costs, continue to put pressure on construction investment management. Given the tight schedule, EVNNPT must simultaneously implement multiple large-scale projects, requiring strong determination and concerted efforts across the entire organization.

In response to these challenges, EVNNPT is committed to taking decisive actions, enhancing accountability of unit leaders, and strengthening coordination with local authorities to promptly resolve difficulties, ensuring projects are implemented safely, efficiently, and on schedule.

In 2026, EVNNPT aims to develop numerous new power projects

Diversifying capital sources for transmission investment

To meet the substantial capital demand for transmission grid development under the adjusted Power Development Plan VIII, EVNNPT is implementing comprehensive measures to mobilize and efficiently utilize financial resources, ensuring that key projects are not disrupted.

First, EVNNPT is focusing on strengthening its financial capacity and improving key financial indicators to enhance its attractiveness to credit institutions and sponsors. The corporation is developing a plan to increase charter capital for submission to competent authorities for approval, while also pursuing international credit ratings to expand access to foreign capital sources at reasonable costs.

In parallel, capital mobilization plans are closely aligned with annual and medium-term investment plans to ensure balanced and efficient allocation of resources, prioritizing urgent projects with strong spillover effects and long-term benefits.

Mr. Truong Huu Thanh emphasized that diversifying financing methods is a key solution to reducing pressure from credit limits. In addition to traditional sources such as ODA loans, domestic commercial loans, and preferential loans from the Vietnam Development Bank, EVNNPT is also implementing foreign loans without Government guarantees, while exploring additional financing channels such as bond issuance and loans from local development investment funds.

Alongside institutional improvements and capital expansion, EVNNPT places strong emphasis on building a professional financing team with solid expertise and high responsibility. This is a critical factor in enhancing negotiation efficiency, shortening capital mobilization timelines, and ensuring sustainable financial resources for transmission grid development in the coming period.

Translator: Thu Hường