According to a source from Lao Dong Newspaper, Mr. Le Thanh Do - Chairman of Dien Bien Provincial People's Committee - has just signed a decision approving the adjustment of the investment policy for the Na Phat hydropower project, Na Son commune.
Accordingly, the project was adjusted to increase in design capacity, total investment capital and postponed completion time to the end of 2028.
Specifically, the designed capacity of the Na Phat hydropower project increased from 6 MW to 10 MW; the average annual electricity output increased from 20.99 million kWh to 30.15 million kWh.
The total investment of the project is adjusted to increase from 210 billion VND (according to Decision No. 834/QD-UBND dated September 6, 2019 of the Provincial People's Committee) to more than 364 billion VND. Of which, the contributed capital is 72.855 billion VND, accounting for 20% of the total capital; the remaining capital is mobilized with 291.420 billion VND, equivalent to 80% of the total investment.
Compared to the old structure (30% contributed capital, 70% mobilized capital), the new structure shows greater dependence on loan sources from credit institutions.
The land area used for the project has also increased significantly, from 23.39 hectares to 38.42 hectares. The project implementation progress has also been adjusted, if the project was previously expected to start construction in the first quarter of 2020 and generate electricity in the fourth quarter of 2021, then according to the new decision, the construction time will start from the second quarter of 2026 and complete the generation of electricity in the fourth quarter of 2028.
After adjustment, the Na Phat hydropower project has a concrete spillway with a force majeure, the dam top elevation is expected to be 24.7m; the spillway elevation is 665m; the spillway width is expected to be 60m; the water channel is about 900m long from the water intake to the tunnel entrance...
The plant includes: 2 generators, Bin Francis turbine; a power distribution station with a 35 kV power supply. It is expected to connect to the regional 35kV grid or build a 35kV power line.
On August 24, the leader of Na Son commune, Dien Bien province - said that he had received information about adjusting the investment policy for the Na Phat Hydropower project. However, the local government has not yet provided information about the specific location to implement the project.
According to Lao Dong's research, the approved investor is Power Electric Joint Stock Company, with a certificate of registration of a joint stock company No. 5600297785. The company implementing the project is Na Phat Hydropower Company Limited, with business registration certificate No. 5600348976.
The People's Committee of Dien Bien province also assigned investors to be responsible before the law for the honesty, accuracy, and legality of information, documents, and data in the appraisal and approval dossier. Proactively balance and mobilize resources, urgently speed up project implementation to ensure completion on schedule.
The provincial departments, functional branches, local authorities and relevant agencies and units are responsible for inspecting, urging, guiding, and creating favorable conditions for investors and project enterprises in the process of organizing investment and construction according to approved progress and managing, operating and exploiting works in accordance with the provisions of law - the decision clearly stated.
