Investment in the Energy Sector
Viet Nam faces severe power shortage for next few years
Viet Nam imported about 2.2 billions kWh of electricity from China in the first seven months of this year, 13.2 per cent more than in the same period last year, according to Electricity of Viet Nam (EVN).
Finance ministry declines petrol, oil price increases
The Ministry of Finance (MoF) decided yesterday not to approve an increase in petrol and oil prices proposed by dom-estic petrol and gas traders.
ADB loans to fund agricultural quality, clean energy projects
A US$95 million loan to improve the safety and quality of Viet Nam’s commercial food crops and to provide an alternative and clean energy supply to households through biogas development was signed yesterday in Ha Noi.
Gas price rise unlikely to force EVN’s hand
Concerned ministerial authorities have approved a PetroVietnam proposal to raise the price of Chu Long-basin gas for power plants from June.
President breaks ground on $700m power project
President Nguyen Minh Triet broke ground for construction of a 750MW thermo-power plant in Nhon Trach District, Dong Nai Province, on Saturday.
Electricity centre building begins
SOC TRANG — Viet Nam Oil and Gas Group (PetroVietnam) and southern Soc Trang Province yesterday began construction work on the Long Phu Electricity Centre.
Poor farmers learn to make bio-gas
Can Tho University is training poor farmers in the Cuu Long (Mekong) Delta province of Hau Giang to make bio-gas and fertilisers from water hyacinths and agricultural waste such as rice husk.
First solar panel plant opens
Long An –The county’s first solar cell panel manufacturing factory opened yesterday in southern Long An Province. The 2,000sq.m factory in Duc Hoa Ha Industrial Park cost the Mat Troi Do (Red Sun) JSC and HCM City Energy Conservation Centre US$10 million and can make solar cell panels with a capacity ranging from 25Wp to 175Wp (watt-peak). Its annual capacity is 5 Megawatt-peak.
ADB to double clean energy investments
The Asian Development Bank (ADB) will boost its investments in “clean energy” to US$ 2 billion a year by 2013, doubling its current contribution, the bank’s president said yesterday.
River to be diverted for dam plan
Thua Thien-Hue– The flow of the Sap River in A Luoi District in the central province of Thua Thien-Hue was dammed for construction of the A Luoi hydroelectric facility, under an order issued yesterday by Deputy Prime Minister Hoang Trung Hai.
World Bank loan to boost power
The State Bank of Viet Nam and the World Bank yesterday signed a concessional-credit agreement for US$202 million to increase the supply of electricity to the national grid from renewable energy sources, the latter said in a press release.
Competition good news for electricity market
Deputy Prime Minister Hoang Trung Hai met officials from the Ministry of Industry and Trade and other ministries to discuss a draft energy law yesterday.
Hefty price for more power
The Viet Nam power sector needs US$4-5 billion over the next 10 years to develop its infrastructure construction to meet increasing demand, according to the Ministry of Industry and Trade.
Electricity production rises, but shortfalls still loom in dry season
HCM City – Electricity output in the first quarter was up 4.03 per cent year-on-year at 18.6 billion kWh, according to the Electricity Regulation Agency of Vietnam.
Hydro-electric projects create downstream water shortages
The Dak Mi hydroelectric plant, now under construction from the Vu Gia-Thu Bon river system in the central province of Quang Nam, is causing water levels to recede downstream, Da Nang officials have said.
ADB funds electrification of poor and remote areas
Manila – The Asian Development Bank (ADB) has agreed to provide a US$151 million loan to help Vietnam expand and improve electricity supply in poor and remote areas.
HCM City seeks infrastructure cash
The HCM City’s Department of Transportation and Public Works hopes to raise capital for key infrastructure projects from multiple sectors through various investment forms, a senior official has said.
Petrol price up by VND500 per litre
Hanoi – Some large petrol distributors increased their retail prices yesterday by VND500, to VND 11,500 per litre of A92 petrol and to VND 12,00 per litre of A95, after receiving permission from the Ministry of Finance. […]
Proposed Climate treaty to aid poor nations
Environmental activists called on Monday for deep cuts in greenhouse gas emissions and for developed nations to pay US$160 billion per year to help the poor as part of a radical new UN climate treaty.
EVN readies to sell power to Cambodia
HCM City– Electricity of Viet Nam Group and Cambodian utility Electricite Du Cambodge (EDC) installed a 220kV line on Monday to enable supply of power to Cambodia.
Call for green investment
Global energy executives meeting here yesterday called for greater investment in traditional and alternative power sources to meet future demand, despite the current economic downturn.
Wind power could blow away electricity shortage
HCM CITY — Viet Nam has yet to exploit its enormous wind power potential, the Energy Department has said. It estimates 8.6 per cent of the country’s surface area as having the potential to generate 800 MW of wind power, mostly in central and southern provinces like Binh Thuan, Binh Dinh, Ninh Thuan, Tra Vinh, and Soc Trang
Electricity consumption rises
Power consumption by the production sector has edged up in the first five months of the year, according to figures from the Ministry of Industry and Trade.
Investment in the Energy Sector
Investment in the Energy Sector
Thumbs up for first wind plant
The Lam Dong People’s Committee granted the licence for construction of the province’s first wind power plant in Da Lat.