moi powers ahead with plan to raise electricity prices

MoI powers ahead with plan to raise electricity prices

The Ministry of Industry (MoI) is pushing ahead for Central Party Committee approval to raise power prices.At a meeting with the committee’s Economic Board on energy prices, held last week in Hanoi, MoI officials said the urgent demands of reinvestment for power projects and debt repayment were the reason for the proposed increase of electricity prices.
power price rise sparks debate

Power price rise sparks debate

Government officials said last week that proposed increases in electricity prices were reasonable and would not have an adverse effect on the economy.

Loans power up electricity

The cash-strapped power industry got an injection of financial support from the World Bank, which last week decided to provide huge loans.

Power plan short circuits

The new price of electricity proposed by Electricity of Vietnam (EVN) was rejected last week, meaning the sole enterprise that distributes electricity will have to cope with a greater financial burden for investment.

Move to avert central power crisis

A multi-billion dollar electricity complex in the central province of Ha Tinh has been proposed as a way to meet an expected rise in the central region’s power demands over the next few years.

Gannon powers up $200m energy plan

The US-based Gannon Group has unveiled a plan to invest $200 million to build a 600 megawatt gas-fuelled power factory to supply electricity for manufacturing enterprises located in the industrial parks of southern Dong Nai province.
power hope for foreigners

Power hope for foreigners

Foreigners in Vietnam are banking on the government to approve a plan to remove the electricity industry’s two-tiered pricing system, a scheme that offers Vietnamese nationals lower rates than their foreign counterparts.
incombank set to enjoy loan privilege

Incombank set to enjoy loan privilege

The government is likely to grant a special privilege concerning the lending limit for one state-owned commercial bank so it could fund a capital-thirsty national power transmission lines project developed by Electricity of Vietnam (EVN).

India’s KCP offers sweet deal on power generation

India’s $26-million KCP Vietnam Sugar Company said last week it planned to build two additional power facilities once the company’s negotiations on electricity price with Electricity of Vietnam (EVN) produced positive results.

EVN gets cold feet over giant Formosa project

State-run Electricity of Vietnam is reconsidering its power purchasing contract with Hung Nghiep Formosa, saying the price set by the Taiwan-backed joint venture is “impossible”.

Power price bids to spark competition

State-owned Electricity of Vietnam (EVN) is to introduce a competitive pricing mechanism to stimulate competition in the electricity supply industry.