Foreign firms power into electricity generation market

Growing demand for power is encouraging more and more foreign power companies to invest in Vietnam.
evn divests from non core businesses

EVN divests from non-core businesses

The Electricity of Viet Nam (EVN) will auction 62.5 million shares of EVN Finance Joint Stock Company, or 25 per cent of its stakes, on the Ha Noi Stock Exchange next month, the exchange announced on the website.
russian vietnamese firms enhance connectivity

Russian, Vietnamese firms enhance connectivity

Representatives from many Russian businesses in the fields of electricity, construction, underground, chemistry and petrochemistry met Vietnamese partners in Hanoi on October 22 to seek cooperative opportunities.
evn struggles to cope with rising input costs

EVN struggles to cope with rising input costs

The rising prices of coal and gas for power production look to push up the state-run Electricity of Vietnam (EVN)’s 2014 operating costs by around VND7 trillion ($328.6 million), which will seriously hurt the firm’s financial plan.
vietnamese german firms join hands to power con dao islands

Vietnamese, German firms join hands to power Con Dao Islands

Vietnam’s Duc Long Gia Lai Group (DLG) will co-operate with Germany’s Merica Group (MGC) to provide electricity for the Con Dao Islands.
locals protest hydropower plants

Locals protest hydropower plants

Quang Ngai - Upcoming construction of new hydroelectricity plants threatens residents of the central province of Quang Ngai's Son Ha district.
samsung invests in first thermoelectricity project in vietnam

Samsung invests in first thermoelectricity project in Vietnam

The General Department of Energy under the Ministry of Industry and Trade and the Republic of Korea’s Samsung C&T Corporation have signed a memorandum of understanding to develop the Vung Ang 3 thermoelectricity plant under the form of build-operate-transfer (BOT). 
europe must tackle ebola world threat say experts

Europe must tackle Ebola 'world' threat, say experts

European countries should urgently send trained medical staff, field laboratories, protective clothing, disinfectants and basic tools like electricity generators, said the health experts.
many new projects added to coal development plan

Many new projects added to coal development plan

Prime Minister Nguyen Tan Dung has approved the inclusion of at least eight projects in the country's coal industry development planning for 2020 to 2030 to meet domestic demand, especially for electricity.
sugar company plans foreign listing

Sugar company plans foreign listing

HA NOI - The shares of sugar company Bourbon Tay Ninh (SBT) would be listed on a foreign stock exchange after it merges with the Gia Lai Sugarcane Thermoelectricity (SEC) firm.
southern power corporation and siemens consortium sign a landmark contract in the power sector

Southern Power Corporation and Siemens Consortium sign a landmark contract in the power sector

The contract signing ceremony for package DEP-SPC-SCADA-1, which includes the design, supply, installation and commissioning of the SCADA/DMS (Supervisory Control and Data Acquisition/Distribution Management System) and 110kV unmanned substations took place yesterday in Ho Chi Minh City between the Southern Power Corporation under state power authority Electricity of Vietnam as the owner and Siemens Consortium including Siemens AG, Power Automation – a joint venture between Siemens and Power Singapore, and Siemens Limited Vietnam.
state owned power generation firm to go public

State-owned power generation firm to go public

Power Generation Corporation 3 (Genco 3), the biggest by capacity of the three Gencos under Electricity of Vietnam, is going to be the first among them to go public as part of the government’s plan to create a competitive power generation market.
evn purse strings tightened

EVN purse strings tightened

The Prime Minister has issued Decree 82/2014/ND-CP on the financial management of Vietnam Electricity (EVN).
evn banned from investment in property finance and securities

EVN banned from investment in property, finance and securities

The government has issued a regulation on financial management for Vietnam Electricity Group (EVN), banning the group from investing in certain of non-core areas, such as real estate, finance and securities.

AES eyes site for new Quang Ninh BOT power plant

AES-VCM Mong Duong Power Company, the owner and operator of Mong Duong 2 coal-fired power plant, will build another power facility in Quang Ninh to satisfy electricity demands in power-thirsty Vietnam.