thai energy firm inks a deal with evn to supply wind power from laos to vietnam

Thai energy firm inks a deal with EVN to supply wind power from Laos to Vietnam

BCPG Pcl., a Thailand-based developer and owner of renewable energy projects in the Asia-Pacific region, has entered into a power purchase agreement with Electricity of Vietnam for the development of a 600MW wind power plant in Laos to deliver green energy to Vietnam.
coal conundrum ahead forces vietnam to rethink priorities

Coal conundrum ahead forces Vietnam to rethink priorities

While the pressure on the environment and issues like climate change are increasing, it remains difficult for Vietnamese companies and the government to turn away from fossil fuels completely. However, experts warn that while a strong reliance on them will only increase related problems, using state-of-the art technology would count most.
a paradox of power consumption and generation

A paradox of power consumption and generation

While power consumption is off the charts, Vietnamese cities are experiencing more frequent power cuts. Meanwhile, due to underlying grid insufficiencies, renewable energy projects are paradoxically being forced to reduce output.
france supports extension of ialy hydropower plan through afd

France supports extension of Ialy hydropower plan through AFD

Fabrice Richy, director of the French Development Agency (AFD) in Vietnam and Nguyen Xuan Nam, vice chairman of Electricity of Vietnam (EVN) signed a credit facility agreement for a €74.7 million ($88.6 million) non-sovereign concessional loan aiming at financing the extension of Ialy Hydropower plant, supporting Vietnam's energy transition.
power plan revised to render market more competitive

Power plan revised to render market more competitive

The government this month requested the Ministry of Industry and Trade to review and re-submit the Power Development Plan VIII as the scheme is geared towards speeding up establishment of a competitive electricity market. The aim, to ensure fair participation of all stakeholders, has the potential to attract investors and mobilise all resources for energy development.
coal hydro power to give way to renewables

Coal, hydro power to give way to renewables

Electricity of Vietnam (EVN) plans to mobilise 32 billion kWh of renewable energy, including 26.3 billion kWh of solar power, meaning the output of coal-fuelled and hydro-power plants will be reduced.
renewable energy output up nearly 160 percent during jan apr

Renewable energy output up nearly 160 percent during Jan-Apr

Vietnam’s total output of electricity from renewable energies hit 9.5 billion kWh in the first four months of 2021, up 156.9 percent year-on-year, and accounting for 11.8 percent of the total electricity output, according to a report by the Vietnam Electricity (EVN).
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.
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.
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).
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.
investors give evn genco 2 cold shoulder at ipo

Investors give EVN Genco 2 cold shoulder at IPO

Despite Power Generation Corporation 2 (EVN Genco 2) owning substantial interests in several thermal and hydropower plants, 99.97 per cent of the stake it offered at its initial public offering (IPO) was unmarketable.
significant gains towards public investment goals

Significant gains towards public investment goals

Despite slow disbursement of foreign loans, that of public investment has become faster, contributing to making the country’s positive economic growth target feasible for the year.