Investment Policy Required for Power Projects

​(News Portal – Dong Nai) - On the morning of June 28, Vice Chairman of the Provincial People's Committee Nguyen Thi Hoang met with Dong Nai Power Company Limited (PC Dong Nai) regarding the investment policy for 100kV power projects. ​

Vice Chairwoman of the Provincial People's Committee Nguyen Thi Hoang concludes the meeting. 

At the meeting, Vice Chairwoman Nguyen Thi Hoang emphasized two key points. Firstly, the source of funding must be clearly determined, specifically whether the power sector should proceed under the Investment Law or the Public Investment Law. Secondly, projects and power works must align with existing plans to be granted investment policies.

According to a report from PC Dong Nai, the company is currently facing difficulties in implementing 110kV power projects as per the Dong Nai Power Development Plan for the period 2016-2025, with a vision to 2035, which has been approved. Specifically, in 2023, the company submitted applications for investment policy approval for three 110kV power projects, but the province has not yet approved them because the projects do not align with land use plans and are not included in the local construction plans. The delay in obtaining investment policy approval has led to delays in project implementation, affecting the safe operation of the power grid and the provision of electricity for the province's socio-economic development.

Therefore, PC Dong Nai has proposed that the Provincial People's Committee, the Department of Planning and Investment, and the Department of Industry and Trade consider a unified approach where 110kV power grid projects within the province do not require investment policy approval (exempt from this procedure). 

Dong Nai Power Company Limited reports difficulties and challenges in implementing power projects. 

In cases where investment policy approval is mandatory under the Investment Law, the company suggests that after the project route and specific substation locations are agreed upon by the Provincial People's Committee (with coordinates for each pole and substation), they should proceed to coordinate with relevant departments, agencies, and localities to update the project into the land use and construction plans of the localities. Once the updates are complete, the company will apply for investment policy approval; the Department of Planning and Investment will then advise the Provincial People's Committee on approving the investment policy.