AES gets ministerial nod for 2,250 MW LNG power project in Binh Thuan

AES gets ministerial nod for 2,250 MW LNG power project in Binh Thuan

American energy corporation AES has received in-principle approval from the Ministry of Industry and Trade for its VND50,432 billion ($2.11 billion) Son My 2 LNG-to-power project in the south-central province of Binh Thuan.

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

France aids Vietnam utility’s energy transition with EUR1 million grant

France aids Vietnam utility’s energy transition with EUR1 million grant

The French Development Agency (AFD) and the Electricite de France (EDF) have signed an agreement on financing Vietnam Electricity (EVN) with EUR1 million ($982,000) to facilitate the latter’s energy transition.

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

No price talks for renewables projects missing FiT deadline: EVN

No price talks for renewables projects missing FiT deadline: EVN

Vietnam Electricity (EVN) says it can’t negotiate prices with wind and solar power projects that have failed to meet the country’s feed-in-tariff (FiT) deadline of November 1, 2021.

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

Vietnam to import 8,000 MW of electricity from Laos

Vietnam to import 8,000 MW of electricity from Laos

Vietnam is set to import at least 3,000 and 5,000 megawatts of electricity from Laos in the 2020-2025 and 2025-2030 periods, respectively as per a memorandum of understanding (MoU) between the two governments.

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

Fitch affirms Vietnam Electricity at 'BB', outlook positive

Fitch affirms Vietnam Electricity at 'BB', outlook positive

Fitch Ratings has affirmed Vietnam Electricity's (EVN) long-term foreign-currency issuer default rating at 'BB' with a positive outlook and the state utility's senior unsecured rating of 'BB'.

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

$2.8 bln thermal power plant set for National Day inauguration

$2.8 bln thermal power plant set for National Day inauguration

Work on the foreign-invested Nghi Son 2 thermal power plant in Thanh Hoa province has been completed.

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

Quang Tri seeks designated seaport to drive major developments

Quang Tri seeks designated seaport to drive major developments

Authorities in Quang Tri province have proposed adding the specialized Trieu Lang seaport to Vietnam's 2021-2030 port system plan, with a vision to 2050, to facilitate two major projects.

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

Vietnam set to issue first internationally verified green bonds worth $75 mln

Vietnam set to issue first internationally verified green bonds worth $75 mln

EVN Finance has signed deals for a VND1,725 billion ($75 million) bond issuance that will mark Vietnam’s inaugural onshore, internationally verified green bonds in local currency.

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

Becamex-VSIP power firm in the pipeline

Becamex-VSIP power firm in the pipeline

Becamex IDC, a leading Vietnamese industrial development group, is preparing to set up an electricity company for power supply within industrial parks across the country.

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

PM asks EVN to prevent electricity supply shortage, crisis

PM asks EVN to prevent electricity supply shortage, crisis

Prime Minister Pham Minh Chinh requested Tuesday the country’s electricity sector, represented by Vietnam Electricity (EVN), prevent any power supply crisis to ensure socio-economic development.

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

Lao geothermal power plant to sell energy to Vietnam

Lao geothermal power plant to sell energy to Vietnam

Laos expects to obtain at least $613 million each year from selling geothermal power, a type of renewable, to Vietnam.

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

Electricity use peaks as heat wave grips Vietnam

Electricity use peaks as heat wave grips Vietnam

Hot weather across Vietnam put the country’s total electricity consumption at 45,528 megawatts at noon Tuesday, exceeding 45,000 MW for the first time ever.

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

Marubeni taps Vietnam energy opportunities

Marubeni taps Vietnam energy opportunities

Marubeni, a Japanese company investing in Vietnam’s clean energy sector, is seeking to expand cooperation with state utility Vietnam Electricity (EVN).

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

Petrovietnam fulfills 67% of full year revenue plan

Petrovietnam fulfills 67% of full year revenue plan

State-owned oil and gas group Petrovietnam reported consolidated revenue of VND372.2 trillion ($16.05 billion) in the first five months of 2022, fulfilling 67% of its full year plan.

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

Son La province should develop renewables: PM

Son La province should develop renewables: PM

Prime Minister Pham Minh Chinh has asked Son La authorities to develop renewable energy as one of the measures to drive the mountainous province’s growth.

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

Electricity shortage looms as key power projects delayed

Electricity shortage looms as key power projects delayed

Difficulties are likely to linger despite Vietnam’s electricity supply efforts as new slow-moving power generation sources cannot match increasing demand, said an industry report.

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

Central Vietnam manufacturing hub seeks okay for 6 wind power projects

Central Vietnam manufacturing hub seeks okay for 6 wind power projects

Authorities of Ha Tinh, a new manufacturing hub in central Vietnam, are seeking government approval to include its six wind power projects in the country's upcoming Power Development Plan VIII (PDP VIII).

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

Investment opportunities in LNG-to-power projects in Vietnam 

Investment opportunities in LNG-to-power projects in Vietnam 

In recent years, there has been much talk about liquefied natural gas (LNG) as a new new fuel for power production. How big is the opportunity?

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

Vung Ang 1 thermal power plant to run out of coal

Vung Ang 1 thermal power plant to run out of coal

The Vung Ang 1 coal-fired power plant in central Vietnam has used up most of its stocked coal while insufficient supply continues, putting its operation at risk.

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

Coal-fired power to compose third of Vietnam electricity capacity by 2030

Coal-fired power to compose third of Vietnam electricity capacity by 2030

The government is expected to put Vietnam’s electricity generation capacity at 146,000 megawatts by 2030, of which 25.7% is coal-fired power.

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

An Viet Phat proposes $372 mln biomass power project in central Vietnam

An Viet Phat proposes $372 mln biomass power project in central Vietnam

Private multi-sector group An Viet Phat, a pioneer in Vietnam’s clean energy field, has proposed to develop a VND8.5 trillion ($372 million) biomass power plant in Ha Tinh province.

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

Renewable energy makes up 17% of Vietnam electricity output

Renewable energy makes up 17% of Vietnam electricity output

Renewable energy in the first two months of the year accounts for 16.8% of Vietnam’s electricity output, which rose over 6.1% year-on-year to 39.59 billion kWh.

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

Korea-backed Hai Lang LNG power project at risk of delay

Korea-backed Hai Lang LNG power project at risk of delay

South Korean investors are fretting over possible delays in their liquefied natural gas to power project, Hai Lang phase 1, in Quang Tri province as it is not included in Vietnam’s draft power development plan VIII.

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