strong dppa scheme desired

Strong DPPA scheme desired

The Minister of Industry and Trade is likely to sign a draft circular regulating a pilot project for electricity purchases and sales between renewable energy generators and consumers under direct power purchase agreements. However, while the ministry is gaining support from some organisations, experts advise designing the schemes in an appropriate manner.
group radiating firm eco friendliness

Group radiating firm eco-friendliness

Locally-invested TH Group is applying high technology to produce electricity to fuel its production, save costs, and contribute to ensuring national energy security and environmental protection.
pv power look for epc contractor for nhon trach 3 and 4 thermal power plants

PV Power look for EPC contractor for Nhon Trach 3 and 4 thermal power plants

Vietnam's second-largest electricity producer, PetroVietnam Power Corporation (PV Power), and the managing board issued the bidding information to call for investors for the engineering, procurement, and construction (EPC) package for Nhon Trach 3 and 4 thermal power plants.
conditions in place for offshore development

Conditions in place for offshore development

Reducing the cost of capital for offshore wind power projects in Vietnam will be the main driver for lowering electricity costs and encouraging investment in such projects, argue several international energy experts, with the right government policies needed to be implemented quickly to follow through with the country’s energy development schedule.
evn permitted to exceed loan ceiling to develop quang trach 1 thermal power plant

EVN permitted to exceed loan ceiling to develop Quang Trach 1 Thermal Power Plant

The prime minister has allowed Vietcombank to provide a loan exceeding the statutory ceiling for Electricity of Vietnam to develop Quang Trach 1 Thermal Power Plant.
nghi son 2 thermal power plant phase 1 connected to national grid

Nghi Son 2 Thermal Power Plant – Phase 1 connected to national grid

The first 500kV transmission line connecting Nghi Son 2 Thermal Power Plant to the national electricity grid was put into operation on March 26.
ge renewable energy secures second wind farm project in binh thuan province

GE Renewable Energy secures second wind farm project in Binh Thuan province

GE Renewable Energy has been awarded a contract by local partner Vietnam Joint-stock Construction Electricity Corporation (VNECO) to supply eight of GE’s 3.8-137MW wind turbines to support the construction of Thuan Nhien Phong (TNP) wind farm in Binh Thuan province in Vietnam’s southcentral coast, according to the company’s recent statement.
capital mobilisation query leads power plan analysis

Capital mobilisation query leads power plan analysis

The third draft of the National Power Development Plan 8 (PDP8) is 843 pages thick but only nine of these cover financial issues, with an average mobilisation of $13 billion per year until 2045. The capital is allocated to power generation, transmission lines for gas, and wind power sources, among others.
pdp8 priorities and risks addressed

PDP8 priorities and risks addressed

The progression of the country’s  National Power Development Plan 8 is a particularly important task for Vietnam to mobilise the resources required to provide sufficient electricity and ensure overall energy security. However, after the publication of the plan’s third draft, several local institutions have criticised the set focus and have warned about entailing risks.
texas freeze creates energy mix debate

Texas freeze creates energy mix debate

News of the Texas power crisis spread throughout Asia, where energy growth markets such as Vietnam are considering US liquefied natural gas imports as an alternative to coal-fired electricity generation. Sam Reynolds,  energy finance analyst from the US’ non-profit Institute for Energy Economics and Financial Analysis outlines the lessons to take on board from the recent crisis.
cpi produces record growth in february

CPI produces record growth in February

Hiking prices of food, catering services, and public transport services over the Lunar New Year holiday, as well as the end of Electricity of Vietnam's power-price assistance programme were the main reasons behind the record increase of the consumer price index (CPI).
vietnam needs 1283 billion usd to develop electricity industry

Vietnam needs 128.3 billion USD to develop electricity industry

Vietnam needs about 128.3 billion USD of investment capital to develop its electricity industry in 2021-2030, according to draft electricity planning released by the Ministry of Industry and Trade (MoIT).
shake up for solar power investment

Shake-up for solar power investment

The Electricity and Renewable Energy Authority of Vietnam has submitted a report that requests approval of the prime minister’s draft decision on selection of investors for grid-connected solar power projects in Vietnam. Baker McKenzie’s managing partner Frederick Burke and special counsel Nguyen Thanh Hai outline the main changes and proposed regulations for investors.
apt solutions sought for local solar power

Apt solutions sought for local solar power

The year 2021 will be characterised by an even bigger challenge for the authorities and developers to standardise the quality level of rooftop installations in terms of compliance to construction law, electrical standards, and fire safety, and to match grid availability and local consumption after the Vietnamese rooftop solar market skyrocketed last year.
evn to invest in 21 billion thermal power project in quang binh province

EVN to invest in $2.1 billion thermal power project in Quang Binh province

Electricity of Vietnam (EVN) will invest approximately $2.1 billion in Quang Trach II Thermal Power Plant in Hon La Economic Zone, Quang Binh province.