Approval of investment policy, investor of 500kV Lao Cai - Vinh Yen transmission line project

Lao Cai - Vinh Yen 500kV transmission line project expected to start construction in December 2025

The 500kV Lao Cai – Vinh Yen transmission line project aims to transmit power from hydropower plants in the Northwest region and neighboring provinces to the national grid; create strong connections between regions in the power system, increase the ability to operate safely and stably for the national power system.

The project also aims to reduce power losses in the transmission grid, increase the efficiency of EVN's electricity production and business, and prepare for the need to import electricity from China.

Project implementation locations: in Lao Cai, Yen Bai , Phu Tho, Vinh Phuc provinces.

The project scale includes: Construction of a new 500kV Lao Cai - Vinh Yen line, double circuit, approximately 228.92 km long; expansion of 02 more 500kV bays at the 500kV Vinh Yen substation to the 500kV Lao Cai substation.

Project investment capital: about 7,010.74 billion VND, of which: total project investment capital before tax is about 6,495.53 billion VND, expected to use owner's equity (about 1,299.11 billion VND) accounting for 20% of total project investment capital before tax and commercial bank loans (about 5,196.42 billion VND) accounting for 80% of total project investment capital before tax.

Project operation period: minimum 40 years (from the date of decision approving investment policy and investor approval).

Project progress: start in December 2025, construction within 06 months, strive to complete energization, put the project into use in May 2026.

Decision No. 1274/QD-TTg also clearly states the responsibilities of relevant agencies and organizations in implementing investment projects.