Business

Ensuring power supply to meet development needs

LE HIEP 31/07/2025 11:34

Hai Phong power sector has not only ensured stable and safe electricity supply but also proactively anticipated new waves of investment.

Leaders cut the ribbon to inaugurate the 110kV Nam Dinh Vu 1 – Nam Dinh Vu 2 transmission line
Delegates cut the ribbon to inaugurate the 110kV Nam Dinh Vu 1 – Nam Dinh Vu 2 transmission line

Amid Hai Phong’s rapid socio-economic growth following the city’s administrative merger with Hai Duong province, local electricity demand has been rising steadily. Aware of this trend, the power sector has not only ensured stable and safe electricity supply but also proactively anticipated new waves of investment by accelerating key projects, modernizing infrastructure, and enhancing system-wide operational capacity.

Accelerating infrastructure investment

The Northern Power Corporation has recently held an inauguration ceremony for the 110kV Nam Dinh Vu 1 – Nam Dinh Vu 2 transmission line at DEEP C industrial park complex. The project had a total investment of 73.9 billion VND. Despite unfavorable weather conditions, the project was completed and safely energized after more than five months of construction, meeting technical standards and deadlines.

Since the beginning of 2025, in addition to the Nam Dinh Vu 1 – Nam Dinh Vu 2 line, Hai Phong Power Company has completed several other projects, including the installation of a 63 MVA T3 transformer at the 110kV Trang Due substation, the 110kV Cau Rao transmission line and substation, and the construction of a 110kV line supplying power to the Lien Khe Cement substation.

According to Ha Huy Tam, Deputy General Director of the Northern Power Corporation, Hai Phong’s commercial electricity consumption grew by an average of 8.63% per year between 2021 and 2024. To promptly meet rising electricity demand, the corporation has implemented numerous key projects in the city. Between 2021 and 2025, the corporation is investing in 39 projects in Hai Phong with total capital exceeding 4 trillion VND, of these, 10 projects have been energized and 29 are currently under urgent construction.

Securing electricity supply for economic development

In the first six months of 2025, Hai Phong’s GRDP growth rate was estimated at 11.2% year-on-year, ranking second nationwide. The city’s Index of Industrial Production (IIP) rose by 14.6% compared to the same period in 2024, 1.6 times higher than the national average increase of 9.2%. Hai Phong also attracted about 1.3 billion USD in foreign direct investment (FDI).

In response, Hai Phong Power Company has proactively developed operational scenarios tailored to peak and off-peak periods, with regular assessment of power supply capacity at key nodes to avoid prolonged localized overloads.

The company has also closely collaborated with the Hai Phong Economic Zone Authority, industrial park infrastructure investors, and local authorities to forecast electricity demand. This enables timely adjustments to the power grid planning, aligning it with the pace of enterprise expansion and investment.

As one of Hai Phong Power Company’s major electricity consumers, Vietnam - Italy Steel JSC. consumes around 128 million kWh annually, with total electricity costs of approximately 216 billion VND. General director of the company Yasuhiro Yonemura acknowledged the power sector’s support in maintaining internal electrical systems and providing software platforms for power management and billing. These services help his enterprise save time and costs while enhancing its competitiveness.

Looking ahead, Hai Phong will require an energy system with high reserve capacity, flexible operation, and smart connectivity. The electricity sector has committed to continued investment in synchronized, sustainable, and adaptive infrastructure. Key solutions include energy-saving measures, renewable energy development, smart grids, and optimal power usage efficiency.

LE HIEP

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Ensuring power supply to meet development needs