The 500 kV Monsoon - Thanh My transmission line project (section in Vietnam) has a total investment of more than 1,100 billion VND to bring electricity from Laos to Vietnam.
The project is nearly 45 km long, connecting the Monsoon wind power plant cluster (Laos) to the 500 kV Thanh My transformer station ( Quang Nam ). This is a project under the Power Plan VIII, approved by the Prime Minister in July 2020 for the electricity import policy and the connection plan to the Monsoon wind power plant (Laos).
The investment capital for this project, over 1,100 billion VND, was arranged by Vietnam Electricity Group (EVN) from a loan from the Bank for Agriculture and Rural Development ( Agribank ) and the group's counterpart capital.
EVN said that when the 500kV line connecting electricity from Laos is put into operation by the end of 2024, it will increase the transmission capacity to about 2,500 MW, helping to improve the ability to operate the national power system through importing electricity from Laos. However, according to the power purchase agreement, when operating, the line will initially receive imported electricity from wind power sources from Laos with a capacity of 600 MW and an expected average annual electricity output of about 1.7 billion kWh.
EVN leaders requested Power Project Management Board 2 - the unit assigned to represent the investor in managing the project, consulting units, supervisors, and contractors to construct on schedule and with quality so that the project can be put into operation soon.
According to the Power Plan VIII and the Cooperation Agreement between Vietnam and Laos in 2019, Vietnam will buy 3,000 MW of electricity from Laos by 2025 and about 5,000 MW by 2030 and can increase to 8,000 MW if conditions permit.
EVN has recently proposed that the Ministry of Industry and Trade accelerate the import of electricity from Laos and promptly submit to competent authorities for approval the policy of importing electricity from wind and hydropower plants of the neighboring country with a total capacity of over 225 MW. This is in the context that the North is likely to lack over 3,630 MW and an output of about 6.8 billion kWh during the peak dry season (May-July) in 2025, due to the very few new power sources coming into operation, mainly at the end of the year.
By August, the Prime Minister had approved the policy of importing about 2,698 MW of electricity from Laos, of which EVN had signed power purchase agreements (PPAs) with investors with a total capacity of 2,240 MW.
In addition to Laos, Vietnam also buys electricity from China via the 110 kV line. During the recent hot season in the North, the amount of electricity imported from Laos and China was about 11 million kWh per day, equal to 1/10 of the demand in this region.
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