Vietnam Transmission Line Material Procurement - Conductors Supply

Project Information:

Project Name: Vietnam Transmission Line Material Procurement

Owner: Vietnam Electricity (EVN)

Delivery Date: 2023.11

What We Supplied:

ALUMINUM CONDUCTOR STRANDS STEEL CORE REINFORCED WIRE (AACSR Phlox) 59.7

ALUMINUM CONDUCTOR STRANDS STEEL CORE REINFORCED WIRE (AACSR Phlox) 75.5

ALUMINUM CONDUCTOR STRANDS STEEL CORE REINFORCED WIRE (AACSR Phlox) 116.2

ALUMINUM CONDUCTOR STRANDS STEEL CORE REINFORCED WIRE (AACSR Phlox 288)

AACSR 465/60 CONDUCTOR

Project News:

Electric power represents one of the most promising areas for U.S. commercial prospects in Vietnam. Vietnam Electricity (EVN), a state-owned enterprise that reports directly to the Prime Minister, is the largest buyer of electricity, and holds a monopoly on transmission and distribution. Electric power is under the jurisdiction of the Ministry of Industry and Trade (MOIT). The Directorate General of Energy, under the MOIT, which is responsible for overall energy planning and policy. The Electricity Regulatory Authority of Vietnam (ERAV), which is responsible for establishing and supervising the power market, power planning, tariff regulation and licensing.

The Vietnamese government relies on the national power development plans to advance the sector, which forecast growth in demand and map out the overall development of the power industry to meet demand ten years out. MOIT released the draft proposal for the national power development plan for the period of 2021 - 2030 with a vision to 2045 (Draft PDP8).

The country’s robust industrialization process has fueled a surging demand for energy in general and electricity. Vietnam is one of Asia’s fastest growing energy markets due to a large population and sharp economic growth coupled with fast declining reserves in its existing oil and gas fields.

According to Institute of Energy of Vietnam (IEV), Vietnam is set to face a surge in power demand and consumption over the coming decade, which will have an impact on its energy security. The Government of Vietnam expects power consumption to grow 10-12 percent annually through 2030, one of the fastest power consumption growth rates in Asia.

MOIT forecasted that localized power shortages in the manufacturing hub of Ho Chi Minh City is expected beginning in 2021, and that by 2030 it will lack more than 10,000 megawatts (MW) or 7.5 percent of total capacity.  The total investment capital for the 2021-2030 period will be about USD 128.3 billion (average about USD 12.8 billion per year), of which USD 950 million will be for power generation/source/plants and about USD 32.9 billion (USD 3.3 billion per year) will be for power grids.