Developing Vietnam’s Renewable Energy Industry
Over the last decade, there has been rapid growth in Vietnam’s energy industry. The demand for electricity in Vietnam has significantly increased in line with its overall economic growth. According to the Vietnam National Load Dispatch Centre data, the average daily electricity consumption was 615 million kWh per day in the first few months of 2020, […]
Wind power on horizon
An 80MW wind power investment project in Kampot province will be ready to deliver electricity as soon as the developer completes negotiating a power purchase agreement with state-run electricity supplier Electricite du Cambodge (EdC). Ministry of Mines and Energy spokesman Victor Jona on Sunday said the developer, The Blue Circle (Cambodia) Co Ltd, is a subsidiary […]
WB approves credit to support Vietnam’s response to climate change
NDO/VNA – The World Bank in Vietnam announced on June 6 that the Bank’s Board of Executive Directors have approved US$84.4 million of credit from the International Development Association (IDA) to support Vietnam’s multi-sectoral policy reforms so as to promote climate-resilient landscapes and green transport and energy systems.
Vietnam eyes power plants sales to fund new projects, ease debt – media
HANOI, June 2 (Reuters) – Vietnam plans to sell some operational state-owned power plants to foreign investors to raise funds for urgently needed new projects and ease pressure on public debt, local media reported on Tuesday. State-owned Electricity of Vietnam (EVN) and the government’s Commission for the Management of State Capital at Enterprises are drafting the […]
Vietnamese Conglomerate Vingroup Tests LG Chem Battery-Powered Electric Car For U.S. Rollout
An automotive manufacturer under Vingroup is testing an electric car in the Vietnamese capital Hanoi to prepare for a rollout next year in the U.S. market. It’s the latest expansion by the sprawling Vietnamese conglomerate, which already operates in real estate, malls and resorts.
Drought, scorching summer demand turn the heat on power industry
Prolonged drought and increased summer demand are exerting great pressure on the electricity industry as water levels in several major dams drop significantly. Doan Tien Cuong, director of Ialy Hydropower Company, told local media that water level at the 720 MW Ialy Hydropower Plant in the Central Highlands province of Gia Lai, the third largest […]
BlackRock Warns Korea’s Power Giant on Overseas Coal Plant Push
(Bloomberg) — BlackRock Inc. has challenged Korea Electric Power Corp. over plans to invest in new coal-fired power plants in Vietnam and Indonesia. The world’s top asset manager raised concerns over “several controversial coal projects” with a South Korean utility, including in meetings in the first quarter, it said in a report last month. BlackRock “contacted […]
Vestas scores 144MW hat-trick in Vietnam
Vestas has secured a turbine deal totalling 144MW for three wind farms in Vietnam. The order, which was placed placed by local developer Power Construction Company No1 (PCC1) in partnership with Japanese renewables outfit Renova, is for the Lien Lap, Phong Huy and Phong Nguyen projects located in Quang Trị province.
