EVN Northern Power Corporation improves investment efficiency

Upgrading rural power grid

EVN Northern Power Corporation General Director Nguyen Phuc Vinh said that the corporation has invested nearly VND8 trillion in the construction, development, maintenance and upgrading of the rural power grid. The corporation would strive to bring power to about 1,000 communes in rural areas in 2014.

The EVN Northern Power Corporation has taken advantage of Official Development Assistance (ODA) capital to renovate and upgrade the rural power grid. The corporation has paid special attention to investment efficiency because of complex terrains in rural and mountainous areas, dispersive additional charges and long medium-low tension wires. The corporation would strive to complete the rural power grid based on quality regulations in the next three or five years.

Optimizing investment in power projects

To optimize costs in the construction sector and effectively use nearly VND9.059 trillion in investment capital for power projects in 2014, the EVN Northern Power Corporation is striving to ensure progress and quality of construction projects, improve investment capital efficiency, renovate management methods, create jobs, ensure social welfare and better living conditions for workers. The corporation will pay special attention to preventing corruption and saving costs.

The EVN Northern Power Corporation is focusing on 220 kV power transmission line projects for key economic zones such as the Vinh Tuong 220kV transformer station, the Ninh Binh 220kV transformer station, the Yen Binh 220kV and 110kV transformer stations in Thai Nguyen Province for the Samsung Electronics Vietnam Thai Nguyen. In addition, the corporation will disburse capital for projects that are drawn the balance sheet and urgent projects to prevent overload for medium and low tension wires in cities and towns.

The EVN Northern Power Corporation established the steering committee and subcommittees to build the project on optimizing costs in the construction sector with the aims of tightly controlling costs right from the preparation, appraisal and approval of investment projects, strictly managing progress and quality of projects and putting projects into operation on schedule. In addition, the steering committee and subcommittees are able to select construction portfolio and allocate capital, contributing to improving investment efficiency.

To optimize costs and improve investment efficiency, the EVN Northern Power Corporation is perfecting mechanisms and policies, regulations on quality management for construction projects in accordance with the state’s provisions.

Source: VEN