LS-VINA, a subsidiary of LS Eco Energy, will supplyย $33 millionย in ultra-high voltage cables for a new grid construction project led byย Vietnam Electricity (EVN). As a result, the project strengthens Hanoiโs power network and helps meet fast-growing electricity demand in the capital and nearby districts.
The EVN grid project targets both central Hanoi and suburban areas with a newย 220 kV national transmission network. Moreover, it supports Vietnamโs strategy to secure reliable power for cities, industry, and infrastructure. EVN plans to raise installed generation capacity fromย 69 GWย toย more than 150 GW by 2030ย and build overย 16,000 km of new 220 kV linesย nationwide.
LS Eco Energyโsย Haiphong facilityย can produce up toย 100,000 tonsย of cable material each year, making it theย largest cable plant in Vietnam. Consequently, that capacity covers a large share of the countryโs estimatedย 200,000-ton annual cable demand, with LSโVINA supplying nearlyย half of the total volume.
LSโVINA holds about anย 80% market shareย in Vietnamโsย 220 kV cableย segment. In addition, it is theย only manufacturer in the countryย capable of producing cables at this voltage level. Therefore, LSโVINA plays a key role in Vietnamโs grid expansion and long-term energy development plans.
For more on LS Eco Energy and its affiliates, visit ls-ecoenergy.com.
