Korea’s Doosan interested in EVN’s Quang Trach 2 power project

Korea’s Doosan interested in EVN’s Quang Trach 2 power project

Doosan, a South Korean heavy industry conglomerate, is looking to work with state utility Vietnam Electricity (EVN) on the latter’s Quang Trach 2 power plant in Quang Binh province, among other renewable energy projects.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam mining group builds 110 MW coal-fired power plant in Lang Son province

Vietnam mining group builds 110 MW coal-fired power plant in Lang Son province

Vietnam’s national mining group Vinacomin kicked off construction Friday of the 110 MW Na Duong II coal-fired power plant in the northern mountainous province of Lang Son.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Northern Vietnam province seeks power plant fuel shift from coal to LNG

Northern Vietnam province seeks power plant fuel shift from coal to LNG

Nam Dinh province is seeking approval to have its $2.2 billion Nam Dinh 1 power plant, currently a build-operate-transfer (BOT) project, shift to using LNG instead of coal as its fuel.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Sumitomo-invested $2.58 bln thermal power plant in central Vietnam inaugurated

Sumitomo-invested $2.58 bln thermal power plant in central Vietnam inaugurated

Van Phong Power Company, a wholly-owned subsidiary of Japanese keiretsu Sumitomo, inaugurated the 1,432 MW Van Phong 1 coal-fired power plant in Vietnam’s central province of Khanh Hoa on Wednesday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Renewables to make up 70% of power mix in Vietnam by 2045

Renewables to make up 70% of power mix in Vietnam by 2045

Vietnam plans to have renewables account for 15-20% of total primary energy by 2030 and the weight will be raised to 65-70% by 2045, according to the newly approved National Energy Development Strategy.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES earns 2023 revenue of $344 mln in Vietnam, plans to sell power plant by mid 2025

AES earns 2023 revenue of $344 mln in Vietnam, plans to sell power plant by mid 2025

AES Corporation earned a revenue of $344 million from its operations in Vietnam in 2023, according to the American energy company’s year performance review.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Korean chaebol SK eyes 1.32 GW LNG-fired power plant plan

Korean chaebol SK eyes 1.32 GW LNG-fired power plant plan

A consortium between Vietnam’s T&T Group and SK E&S, the renewable energy arm under South Korean chaebol SK, plans to deploy a 1,320-MW LNG-fired power plant in the central province of Quang Tri.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam tops ASEAN in electricity sources, output up 4.56% in 2023: EVN

Vietnam tops ASEAN in electricity sources, output up 4.56% in 2023: EVN

Vietnam’s electricity sources in 2023 grew 3.6% year-on-year to 80,555 MW while output rose 4.56% to 280.6 billion kWh, state utility Vietnam Electricity (EVN) reported Tuesday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Sumitomo-invested 1,432 MW thermal power plant approved for full operation

Sumitomo-invested 1,432 MW thermal power plant approved for full operation

The 1,432 MW Van Phong 1 coal-fired power plant, invested by Japan’s Sumitomo Corporation, was approved for full commercial operation last week after Deputy Minister of Construction Bui Xuan Dung gave the green light for its second turbine.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES sells 51% of thermal power plant in Vietnam

AES sells 51% of thermal power plant in Vietnam

American energy company AES Corporation has reached an agreement to sell its 51% equity stake in Mong Duong 2 coal-fired power plant in Vietnam to the Czech Republic-based Se.ven Global Investments, the two sides announced on Thursday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Malaysia Exim Bank to arrange $2.42 bln for southern Vietnam thermal power project

Malaysia Exim Bank to arrange $2.42 bln for southern Vietnam thermal power project

Export-Import Bank of Malaysia Berhad (EXIM) has been appointed exclusive Mandated Lead Arranger for a syndicated financing facility of $2.42 billion for the $3 billion Song Hau 2 thermal power plant in Hau Giang province.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietcombank loans $140 mln to Vietnam’s biggest coal-fired power plant

Vietcombank loans $140 mln to Vietnam’s biggest coal-fired power plant

The Khanh Hoa province branch of Vietcombank, the largest lender by market valuation, has signed a short-term credit agreement of $140 million with Van Phong Power Company Limited, the operator of the Van Phong 1 power plant.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Coal to LNG shift proposed for $2.3 bln central Vietnam power plant

Coal to LNG shift proposed for $2.3 bln central Vietnam power plant

The central province of Quang Tri has suggested the termination of the 1,320-MW Quang Tri I coal-fired power plant project and a fuel shift to LNG.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thailand’s Gulf Energy eyes 3,000 MW LNG power project in northern Vietnam

Thailand’s Gulf Energy eyes 3,000 MW LNG power project in northern Vietnam

Thailand’s Gulf Energy Development Public Company Limited is eyeing to build an LNG power center in Nam Dinh and cooperate with South Korea’s Taekwang Power on a project in the same province.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

EVN, Jera ink Vietnam-Japan cooperation in decarbonization

EVN, Jera ink Vietnam-Japan cooperation in decarbonization

State utility Vietnam Electricity (EVN) and Japanese energy company Jera signed a memorandum of understanding Thursday on cooperation in strategic decarbonization.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nghe An province to push progress of LNG power project

Nghe An province to push progress of LNG power project

Vietnam’s central province of Nghe An is looking to add the Quynh Lap LNG-to-power plant project to its energy masterplan by August 30 before starting the investor selection process in October.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Coal mine collapse kills four in northern Vietnam

Coal mine collapse kills four in northern Vietnam

Four workers were killed in a coal mine collapse on Saturday in Quang Ninh province, Vietnam's coal mining hub.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese coal majors report mixed Q2 profit results

Vietnamese coal majors report mixed Q2 profit results

Major Vietnamese coal firms Vinacomin-DeoNai Coal, Mong Duong Coal, and Vang Danh Coal all reported large profits in the second quarter of this year, while Cao Son Coal posted a loss of VND4.3 billion ($182,000).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central Vietnam thermal power project receives mammoth equipment import package

Central Vietnam thermal power project receives mammoth equipment import package

The first shipment of equipment for the Quang Trach 1 thermal power project, a 1,200-MW coal-fired plant, arrived at the central province of Quang Binh's oil-gas port on Monday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Coal power plant investors asked to develop fuel conversion plans

Coal power plant investors asked to develop fuel conversion plans

The Ministry of Industry and Trade (MoIT) has called on investors in coal-fired power plants to develop plans to switch from coal to biomass fuel and ammonia before their plants reach 20 years old.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam coal group to increase supply for thermal power plants

Vietnam coal group to increase supply for thermal power plants

Vietnam’s national mining group Vinacomin will supply almost 18.7 million tons of coal in the second half of this year for thermal power plants in the country to help ease electricity shortages, its CEO Dang Thanh Hai said.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thermal power stocks expect to benefit from El Nino as hydropower declines

Thermal power stocks expect to benefit from El Nino as hydropower declines

The majority of thermal power companies reported disappointing business results in the first quarter of 2023, but analysts say the outlook for 2023 remains bright given the El Nino effect.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese coal majors report strong Q1 profits

Vietnamese coal majors report strong Q1 profits

Major Vietnamese coal firms Cao Son Coal, Vang Danh Coal, Mong Duong Coal and Vinacomin-DeoNai Coal all reported large profits in the first quarter of this year thanks to rising coal prices.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam PM demands sufficient power supply

Vietnam PM demands sufficient power supply

Electricity supply sources in Vietnam have to leave no stone unturned to ensure adequate supply during the heat wave across the country, Prime Minister Pham Minh Chinh said.  

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam plans to generate 50% of power from renewable sources by 2030

Vietnam plans to generate 50% of power from renewable sources by 2030

Energy-thirsty Vietnam expects renewable energy to make up 50.3% of the total capacity generated by 2030, as outlined in the country’s latest power development plan.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thai-backed $2.3 bln thermopower project canceled in central Vietnam

Thai-backed $2.3 bln thermopower project canceled in central Vietnam

Authorities in Quang Tri have informed EGATi of the Vietnamese province’s decision to terminate the Thai electricity firm’s 1,320-megawatt coal-fired power project.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam firm breaks ground for country’s first green hydrogen plant

Vietnam firm breaks ground for country’s first green hydrogen plant

Clean energy company TGS started the construction of Vietnam's first green hydrogen factory on Thursday in the Mekong Delta province of Tra Vinh, with the total cost estimated at VND8 trillion ($341 million).

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vung Ang I thermal power plant to resume first turbine operation next week

Vung Ang I thermal power plant to resume first turbine operation next week

The 1,200MW Vung Ang I thermal power plant in central Vietnam is ready to resume operation of its first turbine from next Wednesday, after a suspension was forced due to technical disruption starting September 2021.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vung Ang II thermal power plant set to enter operation in 2025

Vung Ang II thermal power plant set to enter operation in 2025

The Vung Ang II thermal power plant is set to begin commercial operation of its first turbine in July 2025 and then its second in November 2025, its investor said.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

VN-Index up 6 points on steel, coal stock rally

VN-Index up 6 points on steel, coal stock rally

Vietnam’s benchmark VN-Index went up 6.38 points, or 0.6%, to 1,072.22 on Wednesday from a sharp fall of 23.45 points in the previous session, thanks to the rally of steel and coal stocks.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central Vietnam province seeks to revitalize $2.3 bln power project after Thai firm quits

Central Vietnam province seeks to revitalize $2.3 bln power project after Thai firm quits

A shift to using gas is expected to help an abandoned 1,320-megawatt coal-fired power project in Quang Tri province to fire up again.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

State mining giant Vinacomin records $345 mln profit in 2022

State mining giant Vinacomin records $345 mln profit in 2022

Mining group Vinacomin reported a profit of VND8,100 billion ($345 million) in 2022, exceeding its target by 56% and up 154% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam to generate, import 285 billion kWh in 2023

Vietnam to generate, import 285 billion kWh in 2023

Energy-thirsty Vietnam is set to produce and import a total 284.5 billion kilowatt hours (kWh) of electricity this year, 16 billion kWh higher than 2022's tally and 29 billion kWh more than 2021.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam Electricity thermal power plants face coal shortage

Vietnam Electricity thermal power plants face coal shortage

Thermal power plants run by state utility Vietnam Electricity (EVN) are expected to receive 17.98 million tons of coal in 2023, but that will leave a shortfall of about 1.5 million tons.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Quang Binh seeks to shift 1.2 GW coal-fired plant to LNG

Quang Binh seeks to shift 1.2 GW coal-fired plant to LNG

Authorities in the central province of Quang Binh are accelerating procedures to turn a 1.2 gigawatt coal-fired power project into using liquefied natural gas (LNG) to match Vietnam’s cleaner energy transition.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7