Over the years, Phu Tho province has mobilized all resources to invest in industrial zones (IZs) and industrial clusters (ICs), in order to attract domestic and foreign investment. In the 2016-2020 period, the attraction of investment has made an important contribution, bringing the province's economic growth rate to 7.86%, higher than in the period 2011-2015 (6.95%); Gross Domestic Product (GRDP) in 2020 is estimated to have increased 1.7 times compared to that in 2015.
Cam Khe 2 110kV substation is expected to be energized in October 2021 to supply power to Cam Khe industrial zone and surrounding areas.
In the next period, power demand in the province will continue to grow high, it is expected that power demand in 2021 will grow by 12%, and in the whole period of 2021-2025 it will increase by 13%, especially the loads in industrial zones, industrial clusters and centers of districts and towns will develop rapidly, due to an investment transition after COVID-19 and the free trade agreement between Vietnam and the EU comes into effect.
In order to ensure sufficient power supply for socio-economic development, Phu Tho Power Company has reported to Northern Power Corporation to build 7 new 110kV substations with a total investment of over VND1.3 trillion, expected to be completed from now to 2023 to ensure power supply to load demand. The implementation of these projects that are in accordance with Phu Tho province Power development plan in the period of 2016-2025 with a vision to 2035 which has been approved by the Ministry of Industry and Trade, contributing to a successful implementation of the province's socio-economic development program for the period of 2021-2025.