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
Formosa Ha Tinh Steel suffers 2022 loss of $320 mln in Vietnam
Formosa Plastics Group’s turnover from its Vietnam activities fell 12% year-on-year to TWD158.1 billion ($5.1 billion) in 2022, and Formosa Ha Tinh Steel posted a loss of TWD10 billion ($322 million), according to the Taiwan-based giant’s annual report for last year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
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
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
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
Malaysia investor to complete site clearance for $3 bln thermal power project in Mekong Delta
Malaysia’s Toyo Ink Group Berhad is ready to pay and complete site clearance for its VND72 trillion ($3.05 billion) Song Hau 2 thermal power plant in Hau Giang province, said a company representative.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia’s Toyo Ink signs $2.2 bln deal for southern Vietnam power plant
Toyo Ventures Holdings Berhad’s subsidiary Toyo Ink and Song Hau 2 Power Company have signed a temporary engineering, procurement and construction (EPC) agreement with the Sunway-PECC2 Consortium in relation to the Song Hau 2 thermal power plant project in Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Long-delayed Thai Binh 2 thermal power plant to begin commercial operations this year
The long-delayed Thai Binh 2 thermal power plant in the eponymous province is on track to begin commercial operations on December 31.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Yes, no: trade ministry turns around, says nix coal-fired power
The Ministry of Industry and Trade has proposed that five thermal power projects with a total capacity of 6,800 MW be excluded from the national power development plan VIII (PDP VIII).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand's EGATi abandons $2.3 bln thermal power project in central Vietnam
Thailand's Ministry of Energy confirmed Thursday that state utility EGATi will abandon its $2.3 billion BOT coal-fired power project in Quang Tri province.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ministry proposes inclusion of five coal-fired projects in new power plan
The Ministry of Industry and Trade has proposed that the government includes five coal-fired thermal power projects in the national power development plan VIII.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
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