HCM City to spend VND1 tril. on renewable power projects

HCMC will set aside an amount of VND1 trillion for renewable energy projects following approval from the Ministry of Industry and Trade for the city’s power development plan for the 2011-2015 period.As part of this plan, HCMC will build a plant producing power from garbage in Hiep Phuoc Waste Treatment Complex in Cu Chi District with a maximum capacity of 40MW. The city will also focus on generating energy from garbage, wind, solar power not only to produce energy but also to solve environmental problems.

Besides, HCMC will need up to around VND21 trillion to invest in its power grid, including low- and medium-voltage power cables, 110-kV and 220-kV power lines, to serve the demand for its socioeconomic development.

Under the plan, the maximum capacity of the city’s power system will reach 4,800MW in 2015 with a commercial electricity output of around 28.3 billion kWh and an annual growth rate of 12.9%.

In this period, HCMC will also put underground medium-voltage cables in new urban areas and industrial parks, including all power cables in districts 1, 2, 3, 4, 5, 10 and 11. Meanwhile, Go Vap, Tan Binh, Binh Thanh, Phu Nhuan and Thu Duc districts will have 85% of cables underground and the ratio for other districts is 20-40%.

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