Investors, contractors to be held accountable for sluggish power plant projects

Presiding at a yesterday meeting with relevant agencies to remove barriers for sluggish electricity plant projects, Minister of Industry and Trade Tran Tuan Anh said that individuals and organizations will be held accountable for these projects after considering consequences of each.
At the meeting (Photo: SGGP)
At the meeting (Photo: SGGP)

Regarding these power plant projects falling behind schedule, Minister Anh said red tape has been hindering power plant projects; therefore, he asked to remove red-tape difficulties as soon as possible.

Additionally, he mentioned to impose sanction on investors of stagnant projects asking the Electricity and Renewable Energy Department of the Ministry of Industry and Trade to reconsider significant projects with focus on unresponsive ones as well as verify the cause and consequences of each projects to find out solutions.

According to the Ministry, some projects are undertaken by the Vietnam Electricity (EVN), The Vietnam Oil and Gas Group (PVN), the National Coal and Minerals Group (TKV), foreign-invested projects under Build-Operate-Transfer (BOT) contracts and independent power producer (IPP) hydro power project

The Ministry valued that electricity supply basically meet the demand by 2020; however, in some cases, the country runs short of power.

In the first six months of the year, electricity consumption increased by 10 percent. Heat waves striking the country resulted in rises in power consumption and capacity in April, May and June.

It is forecast that power consumption will continue rising by 10 percent in remaining months of the year. Accordingly, investors proposed to raise solar power capacity to 25,000MW and wind power of around 16,000MW.

By June, 89 solar plants have been operated with capacity of nearly 4,500 MW.