Pouring more than 2,500 billion VND into EVN to bring power grid to Con Dao

EVN was given 2,526 billion VND to extend the power grid to Con Dao ( Ba Ria - Vung Tau province), according to the Resolution passed by the National Assembly today.

More than 94% of delegates approved the Resolution. Accordingly, VND 2,526 billion was taken from the central budget reserve of the 2021-2025 medium-term public investment plan, accounting for about 60% of the total investment capital of this project. The remaining resources for the project to bring electricity to Con Dao from EVN's own capital, equivalent to more than VND 2,420 billion.

For the project to be implemented effectively, the National Assembly Resolution requires the Prime Minister to decide and assign EVN as the investor. The Government is responsible and committed to choosing the optimal grid power supply option to ensure efficiency, savings, reasonable cost and cost; assess environmental impacts and synchronization with the island district planning.

The Ministry of Industry and Trade is responsible for appraising feasibility study reports and construction-related contents, as well as inspecting, supervising and monitoring to prevent policy exploitation, group interests and negativity.

According to the investment policy for the project to supply electricity to Con Dao approved by the Government in June 2023, the power transmission line to Con Dao will include a 23.1 km overhead line; a more than 73 km submarine cable and a 6.1 km submarine cable on the island, along with other items. The total estimated investment is about VND 5,000 billion. The electricity demand in this island district by 2025 is more than 24.5 MW and will reach 114.4 MW by 2045.

National Assembly deputies pressed the button to approve the Resolution on allocating central budget capital to EVN and public investment projects on the morning of January 18. Photo: Hoang Phong — National Assembly deputies pressed the button to approve the Resolution on allocating central budget capital to EVN and public investment projects on the morning of January 18. Photo: *Hoang Phong*

According to the Resolution, the National Assembly also agreed to allocate more than VND63,720 billion for public investment projects in five areas such as transportation, national defense and security, state management and science and technology. Of which, 91% of capital will be poured into 32 transportation projects (ie VND57,730 billion) to complete the synchronous and modern strategic infrastructure system and strive to have over 3,000 km of expressways by 2025.

Previously, the opinion of delegates discussing on January 16 was that among the projects on the list submitted by the Government to receive capital, which have completed investment procedures, there are some cases where the expected allocation of resources exceeds the level prescribed by the Law on Public Investment.

Explaining and accepting before the National Assembly votes to approve, Mr. Le Quang Manh, Chairman of the Finance and Budget Committee, said that most projects currently have sufficient resources. Only 4 projects in the fields of science, technology and security have not yet been expected to have sufficient funding. However, these are important and urgent projects that need to be implemented immediately. The National Assembly's standing body will work with the Government to consider and take resources from increased revenue, savings, and annual budget reserves to have enough capital for these projects.

For projects that have not completed investment procedures, the National Assembly has not yet decided at this session to allocate specific capital for projects that have not completed procedures. Instead, the Resolution assigns the Government to direct ministries, branches and localities to complete project investment procedures and submit them to the National Assembly for consideration and decision before the Government allocates capital.

In urgent cases, the Government shall report to the National Assembly Standing Committee for decision and report to the National Assembly at the nearest session. For important national projects, the Government shall submit to the National Assembly for decision on approval of the investment policy according to the Law on Public Investment.

Mr. Minh

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