Aboitiz Power drops acquisition in Vietnam

The international investment subsidiary of Aboitiz Power Corporation has abandoned its planned $46 million wind power acquisition in Vietnam due to snags in the completion of deliverables of the relevant parties as set on prescribed deadline dates.

Companies request cheaper power to overcome coronavirus impacts

Businesses are proposing a reduction in power prices to help them overcome challenges brought about by the Covid-19 pandemic. The Ho Chi Minh City People’s Committee had recently proposed the government lower electricity prices by half during peak hours from March to May to help businesses at this time of crisis.

Thai energy firm to invest $457 mln in Vietnam solar farms

Thailand’s Super Energy Corporation has announced it will invest $457 million in four solar power plants in southern Vietnam. The company said in a recent statement that it would pay $72.9 million to acquire a controlling share in four solar power projects run by state-owned utility Vietnam Electricity (EVN) in Binh Phuoc Province, 120 km […]

Vietnam saves 436,000 kWh during Earth Hour 2020

NDO – Vietnam saved 436,000kWh of electricity, equivalent to VND812.9 million (US$34,900), in one hour from 20:30 to 21:30 on March 28, according to the National Power Dispatch Centre. In 2019, the country’s saved 492,000kWh of power – equivalent to VND917 million (US$39,400).