The Hoa Binh Power Corporation (PC Hoa Binh) has applied synchronous measures to gear up for the coming summer season when power consumption demand surge may cause a risk of power supply disruption.
Workers of PC Hoa Binh instruct locals to apply power saving
measures during hot season.
Vice Director of PC Hoa Binh Nguyen The Hung said that in 2023, the Northern
Power Corporation in general and PC Hoa Binh in particular faced many
difficulties and challenges due to extreme weather conditions with prolonged
heat. Power demand surge in May and June last year led to a power shortage in
the north, he noted.
He said that last year, PC Hoa Binh’s commercial electricity output reached
1,319 billion kWh, up 8.8% compared to 2022, which was a high growth rate
compared to the general average of the Northern Power Corporation.
This year, the weather situation is forecast to continue to develop
complicatedly with the heat coming earlier and the temperature predicted to
increase higher than the average level in previous years. Therefore, the
electricity supply is likely to be greatly affected, especially in the Northern
region.
According to PC Hoa Binh's forecast, commercial electricity output in 2024 will
reach 1,414 billion kWh, an increase of 7.2% compared to 2023. The results of
the first quarter of 2024 were 306.52 million kWh, a rise of 9.1% compared to
2023.
In order to ensure safe and stable electricity supply during the hot season,
right from the beginning of 2024, Hoa Binh PC has deployed many synchronous
solutions, including speeding up major construction and repairing projects,
building power supply scenarios and non-commercial demand response (DR) plans.
The company has established a working group and supporting department to
implement the electricity demand management programme.
Hung said that one of the important solutions is strengthening communications
to encourage power saving efforts and call for large-scale customers to engage
in demand response (DR) programmes, and switching production hours during the
hot season.
Accordingly, PC Hoa Binh has sent requests to customers with consumption from 1
million kWh per year, asking for their coordination.
As of the end of the first quarter of 2024, the firm had signed agreements with
25,000 large-scale customers in power saving, along with 93 major customers in
DR implementation with total DR capacity of 35.13 MW.
The firm also reached agreements with 50 customers to mobilise diesel
generators with a capacity of 100 kW or more each to support in generating
electricity when the shortage of system's peak capacity occurs.
With these solutions, PC Hoa Binh has been ready to ensure power supply in the
whole hot season, meeting the demand for electricity for production and daily
activities of customers across the province.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
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.
