The existing Ialy Hydropower Plant
Ialy Hydropower Plant Extension project (with 2 power units x 180MW per each) is invested by EVN; The Power Project Management Board No. 2 (EVNPMB 2) is the investor's representative for project management.
The total investment cost is VND6,398.63 billion; of which, about 30% is funded by the owner’s equity and the remaining 70% is funded by non-sovereign commercial borrowings.
The project is located in Ya Tang commune, Sa Thay district, Kon Tum province and Ia Mo Nong, la Kreng communes, Ialy town, Chu Pah district, Gia Lai province.
The project implementation schedule is as follows: Construction commencement in the first quarter of 2021; commercial operation date of power unit 1 in the second quarter of 2024; commercial operation date of power unit 2 in the third quarter of 2024.
The investment objectives of the project are to increase dispatchable generation capacity for meeting loads in the South, especially during peak hours; to contribute to improving the operation mode of the power system (enhancing generation capacity and peaking power of the load diagram, increasing operational flexibility, reliability, safety, etc.), thereby contributing to reducing generation cost of the system; at the same time, to make the most of the water flow by minimizing the annual discharge of excess water, raising the annual average electricity output of about 223.6 million kWh per year, contributing to reducing annual fuel costs, mitigating CO2 emission and decreasing the reliance on fossil fuels.
In addition, the project will reduce the working intensity of the existing power units, thereby extend the lifetime of equipment, save maintenance and repair costs.