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
Renewable power could be purchased directly, not via EVN: draft decree
Manufacturing enterprises should be able to buy electricity directly from renewable energy plants with or without going through state utility Vietnam Electricity (EVN), proposed the Ministry of Industry and Trade in a draft decree regarding the direct power purchase agreement (DPPA).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam ministry retains no-payment plan for excess rooftop solar power
The Ministry of Industry and Trade has retained last year’s proposal that excess power from rooftop solar systems in residences and offices be connected to the national grid without payment.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM requests stable power supply during peak period
Vietnamese Prime Minister Pham Minh Chinh on Monday ordered drastic, synchronous and effective measures to ensure stable power supply during the peak period this year and beyond.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
PV Gas receives second LNG delivery for power generation
PV Gas, a subsidiary of state-owned Petrovietnam, received its second load of 70,000 tons of liquefied natural gas (LNG) at its port in Vietnam’s southern province of Ba Ria-Vung Tau on Thursday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
PV Gas to supply LNG for power production
PV Gas, a subsidiary of state-owned Petrovietnam, is set to supply 70,000 tons of LNG to state utility Vietnam Electricity (EVN) for power production, starting mid-April, PV Gas said Tuesday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
LS Eco Energy to help Vietnam commercialize superconducting cable
LS Eco Energy, a subsidiary of South Korean chaebol LS Group, will cooperate with Vietnam on commercializing superconducting cables that can be connected to the national power grid.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
State utility EVN suffers huge losses from renewable energy licensing violations
Violations in granting electricity operation licenses and accepting commercial operation dates for a number of solar power projects have caused damage worth hundreds of billions of VND (VND100 billion = $4.04 million) to state utility Vietnam Electricity (EVN).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
EVN subsidiary, Australian firm to cooperate in offshore wind power development
EVNGENCO 3, a subsidiary of state utility Vietnam Electricity (EVN), and Australian offshore wind developer Corio Generation on Tuesday signed a memorandum of understanding on offshore wind power development in Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
No power shortage under ‘any circumstances,’ pledges state utility EVN
Vietnam Electricity (EVN), which holds a power distribution monopoly, is committed to not letting power shortages happen under “any circumstances” in order to accommodate economic growth of 6-6.5% this year.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to buy electricity from 7 Laos wind power projects
Seven wind power projects in Laos with a total capacity of 4,149 MW are looking to sell electricity to Vietnam via transmission lines in the latter's central province of Quang Tri.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Construction of first northern Vietnam LNG power project must start in Q3: Quang Ninh authorities
Authorities in Vietnam’s northern province of Quang Ninh have requested the investor and relevant agencies to urgently complete legal procedures to start construction of a $2.23 billion LNG power project in the third quarter of this year.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ensure sufficient power supply, energy projects’ progress: PM
Prime Minister Pham Minh Chinh has reiterated instructions that ministries and state-run energy giants ensure coal and gas supply for electricity production as well as progress of key power projects.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea’s Hyosung, Vietnam Electricity eye technological cooperation
South Korean industrial chaebol Hyosung and state utility Vietnam Electricity (EVN) plan to enhance their technological cooperation, company executives said at a Friday meeting.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Cost of materials inflated in EVN Binh Thuan scam
Many types of materials and electrical equipment used in a scandal involving Power Company Binh Thuan, a subsidiary of state utility Vietnam Electricity (EVN), and Tuan An Group had their prices inflated by up to 300%.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
China, Vietnam public utilities plan 500 MW hydropower project in central Vietnam
Two subsidiaries of public utilities in Vietnam and China plan to jointly build a 500MW hydropower plant in the central province of Quang Tri.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Politburo member in hot water
The Central Inspection Commission has proposed the Politburo and the Party Central Committee's Secretariat take disciplinary action against Tran Tuan Anh, a Politburo member and head of the Central Economic Commission, as Vietnam's anti-corruption drive intensifies.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Siemens Energy proposes EVN cooperation for offshore wind power transmission
Siemens Energy Vietnam has proposed cooperation with state utility Vietnam Electricity (EVN) in the transmission of offshore wind power projects’ output using high voltage direct current (HVDC) technology.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
EVN must ensure sufficient power supply, financial balance: Prime Minister
State utility Vietnam Electricity (EVN) must accurately forecast electricity demand and efficiently utilize power sources to ensure supplies, avoiding the outages that struck during peak periods in 2023, said Prime Minister Pham Minh Chinh.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former deputy trade minister arrested for Electricity Vietnam-related violations
Hoang Quoc Vuong, former Deputy Minister of Industry and Trade, has been detained on charges of wrongdoings related to a scam that occurred at state utility Vietnam Electricity (EVN).
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
No more blackouts, PM orders after consumer outcry
Prime Minister Pham Minh Chinh has asked relevant agencies, localities and state-owned utilities to ensure there is no repetition of this year’s early summer blackouts.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Special mechanisms needed for offshore wind, LNG-to-power projects in Vietnam
Vietnam’s Ministry of Industry and Trade has supported a request from developers of offshore wind power and LNG-to-power projects for special incentives as the country seeks to speed up its energy transition.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fitch upgrades ratings of Petrovietnam, Vietnam Electricty, subsidiaries to ‘BB+’
Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of state-owned oil-gas group Petrovietnam, state utility Vietnam Electricity (EVN), and subsidiaries of the two power giants to “BB+” with a “Stable” outlook.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
State utility EVN asked to propose more transmission lines from Laos
State utility Vietnam Electricity (EVN) should propose new transmission lines from Laos to Vietnam to increase electricity imports from the neighboring country, said Minister of Industry and Trade Nguyen Hong Dien.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam faces challenges to reach LNG power target: experts
Vietnam's goal of putting 13 liquefied natural gas (LNG) power plants into operation and replacing 18 GW of coal-fired power with 14 GW of LNG-fired power and 12-15 GW of renewable energy by 2030 is an ambitious target that faces many difficulties and obstacles, said experts.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Rooftop solar power can be connected to Vietnam national grid but not paid: draft decree
Vietnamese households with their own rooftop solar power systems will be able to contribute any excess power to the national grid run by state utility Vietnam Electricity (EVN), but with no payment, according to a new draft decree by the Ministry of Industry and Trade.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
State utility EVN has new general director
Nguyen Anh Tuan has succeeded Tran Dinh Nhan, who will retire from December 1, as general director of state-run Vietnam Electricity (EVN), starting from Friday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
State utility EVN to take over 2 thermal power plants after BOT contracts end
Vietnam Electricity (EVN) will take over two thermal power plants in the southern region after their build-operate-transfer (BOT) contracts end in 2024 and 2025.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Power price hike to benefit energy firms, hurt heavy industries: brokerages
A recent increase in Vietnam’s retail electricity prices will have mixed effects on local firms, with energy generators likely to be the biggest gainers and energy-intensive producers the largest losers, securities analysts have said.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
LNG-fired electricity unlikely in 2024: PV Gas
It is unlikely that LNG can be sold to power plants for electricity generation in 2024, “as the mechanism for LNG-fired power remains complicated,” said PV Gas CEO Pham Van Phong.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Electricity subsidiary director arrested for abuse of power
Nguyen Danh Son, director of Electricity Trading Company, has been arrested for allegedly abusing his positions and power in a scam that occurred at parent company Vietnam Electricity (EVN) and the Ministry of Industry and Trade.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam raises electricity retail prices 4.5% from Nov 9
Electricity retail prices in Vietnam went up 4.5%, starting Thursday, state utility Vietnam Electricity (EVN) announced on the same day.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Five officials of state utility EVN, trade ministry arrested
Five officials of the state-run Electricity of Vietnam (EVN) and the Ministry of Industry and Trade were arrested on Saturday for further investigation into their alleged "abuse of positions and power while on duty".
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
EVN leaders face heat for northern Vietnam power shortages
The Commission for the Management of State Capital at Enterprises (CMSC) has proposed reprimanding leaders of state utility Vietnam Electricity (EVN) for power shortages in the northern region this summer.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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