On the afternoon of January 23 in Hanoi, Vietnam Electricity (EVN) President and CEO Nguyen Anh Tuan chaired a meeting to implement EVNNPT’s investment and construction plan for 2026. The meeting was held in a hybrid format, combining in-person and online participation from units across the corporation. Attending the meeting were EVN Board Member Dang Huy Cuong, EVN Vice President Pham Hong Phuong, and leaders of EVN’s functional departments.

Very large investment volume

At the meeting, EVNNPT General Director Truong Huu Thanh reported that in 2026, EVNNPT had been assigned a very large investment and construction workload by EVN. According to the plan, EVNNPT must complete energization of 86 projects, including 22 projects at the 500kV level, 62 projects at the 220kV level, and 2 projects at the 110kV level. At the same time, 87 projects are scheduled to commence, comprising 28 projects at 500kV, 57 at 220kV, and 2 at 110kV.

The total capital requirement for EVNNPT’s investment and construction in 2026, as approved by EVN, surpasses VND 27.27 trillion, of which more than VND 20.13 trillion is pure investment capital, mainly allocated to 500kV and 220kV grid projects. The remainder is for repayment of principal and interest. EVNNPT assessed that its own capital sources in 2026 will basically meet the requirement for counterpart funding, and it is actively arranging loan capital in line with the approved disbursement plan.

EVNNPT General Director Truong Huu Thanh reports at meeting. Photo: Ng. Tuan

Regarding investment preparation, in 2026, EVNNPT must carry out a large number of tasks, such as preparing and submitting investment policy proposals for approval, approving feasibility study reports, and approving technical engineering and construction drawings for numerous projects. These are important prerequisites to ensure the timely commencement and energization of projects as scheduled.

Prioritizing key projects, avoiding scattered investment

At the meeting, EVN Vice President Pham Hong Phuong noted that, based on discussions with units, the key issues and solutions in current investment and construction activities are largely similar, focusing on planning and scheduling, the quality of engineering consultancy, contractor capacity, project management, and discipline in implementation.

Given the very large investment volume in the 2026 - 2030 period, which surpasses the ability of available resources to be deployed simultaneously, EVN Vice President requested EVNNPT to urgently develop an internal criteria set to screen and prioritize projects transparently and proactively, avoiding scattered and inefficient investment. At the same time, it is necessary to strengthen cost management, tightly control the cost estimates preparation and management, conduct thorough site surveys, and clearly define construction methods from the engineering stage, thereby improving investment efficiency, reducing pressure on project management, and enhancing coordination among units within the Group.

EVN President and CEO Nguyen Anh Tuan delivers concluding remarks at meeting. Photo: Ng. Tuan

Concluding the meeting, EVN President and CEO Nguyen Anh Tuan emphasized that any adjustment of project schedules must be based on proposals from EVNNPT and agreed with EVN’s Planning Department, ensuring feasibility while not affecting the objective of reliable power supply. Critical projects that have a direct impact on the power system need to be given the highest priority, and every effort must be made to complete them on schedule.

Translator: Thu Hường