(HBO) - The Hoa Binh Hydropower Plant's output reached the benchmark of 250 billion kWh of production electricity at 14:05pm on May 25, making an important contribution to ensuring the country's energy security, said Pham Van Vuong, Deputy Director of the Hoa Binh Hydropower Company - the plant's operator.
The Hoa Binh
Hydropower Plant.
The plant has eight
turbines with total capacity of 1,920 MW. In recent years, the Hoa Binh
Hydropower Company has contributed from 1 – 1.4 trillion VND (43.3-60 million
USD). It also paid 300-450 billion VND (13-19.5 million USD) in resource taxes
to neighbouring Son La province andover 200 billion VND (8,6 million USD)
in forest environment service fees to six provinces in the upstream Da river
basin per year.
The Hoa Binh Hydropower Plant
is now being expanded under a project worth 9.22 trillion VND (399 million
USD). Once completed, the plant will have two more turbines, each with capacity
of 240 MW. The average annual power generation output is estimated at about
488.3 million kWh. As scheduled, the first turbine will generate electricity in
the third quarter of 2024, and the second one in the fourth quarter of that
year./.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.