Extending power grid to Con Dao: Proposed grant of more than VND 2,500 billion to EVN

The Government submitted to the National Assembly for permission to allocate VND 2,526.16 billion to EVN for implementing the project to supply power from the national grid to Con Dao district, Ba Ria - Vung Tau province.

Minister of Finance Ho Duc Phoc, authorized by the Prime Minister, has just submitted a report on supplementing the medium-term public investment plan with central budget capital for the 2021-2025 period from the general reserve source, for Vietnam Electricity (EVN).

The Government's report on supplementing the medium-term public investment plan for EVN from the reserve source of the medium-term public investment plan clearly states the need for investment and the basis for choosing the power supply plan for Con Dao district.

Illustration photo

Right from the beginning of the medium-term public investment plan period 2021-2025, the Government reported to the National Assembly and the National Assembly decided to allocate capital to EVN to implement the project to supply power from the national grid to Con Dao district, Ba Ria - Vung Tau province.

By June 2023, the Prime Minister approved the project investment policy (after reporting to the  National Assembly at the 5th session), so the entire capital of VND 2,526.16 billion expected to be assigned to EVN has been transferred to the planning reserve of medium-term public investment plan for the period 2021-2025 according to regulations.

According to the decision to approve the project's investment policy, the Prime Minister assigned the Ministry of Industry and Trade (MOIT) to be the agency deciding on project investment, with EVN as the investor. The total investment of the project is VND 4,950.156 billion, of which EVN's capital is about VND 2,423.996 billion, and the Central budget capital is VND 2,526.16 billion.

The investment in the project is to supply stable and safe power to the power grid on the island, meeting the socio-economic development tasks of Con Dao district, contributing to ensuring national defense and security and security, as well as national sovereignty of sea and islands, is necessary.

The basis for choosing the power supply plan for the project has been calculated by MOIT, EVN, and the People's Committee of Ba Ria - Vung Tau province, proposing 5 power supply options for Con Dao district, giving 6 criteria for evaluation for each plan. The national grid level option is selected because it meets all 6 criteria with the lowest electricity cost.

Therefore, to effectively use this capital source, the Government reports to the National Assembly for a mechanism to assign the project's central budget capital plan to EVN.

The handover of assets after the project is completed is carried out in accordance with the law on public asset management and relevant legal regulations.

From the above analysis, the Government submitted to the National Assembly for permission to allocate VND 2,526.16 billion to EVN to implement the project to supply power from the national grid to Con Dao district, Ba Ria - Vung Tau province.

The National Assembly assigned the Prime Minister to assign the medium-term public investment plan with central budget capital for the 2021-2025 period to EVN to implement the project. MOIT shall perform state management functions and assigned tasks.


  • 16/01/2024 11:36
  • evn.com.vn
  • 46