Vietnamplus

The Hoa Binh hydro power plant expansion project is expected to start in the second quarter of 2020 and be completed in 2023, according to Vietnam Electricity (EVN).

The Asian Development Bank (ADB) on October 2 signed a 37 million USD loan agreement with Da Nhim–Ham Thuan–Da Mi Hydro Power JSC to finance the installation of a 47.5 MWp floating photovoltaic (PV) solar power facility on the man-made reservoir of DHD’s existing Da Mi hydropower plant.

As State-owned enterprises (SOEs) have many functions in the local economy, they struggle to fulfil their main task of doing business, so they need solutions to improve business efficiency, according to experts.

Vietnam Electricity's (EVN) long-term foreign-currency issuer default rating stands at 'BB' with a positive outlook, according to Fitch Ratings.

The Ministry of Natural Resources and Environment has warned that northern localities are facing water shortages as reservoirs are drying up.

Since 2017, the Vietnamese Government has issued a number of priority policies to develop renewable energy to boost production and attract domestic and foreign investment, heard a workshop in Hanoi on September 17.

Vietnam's total rooftop solar power capacity is expected to reach around 2,000 MW by the end of 2020, according to Vietnam Electricity (EVN).

The Vietnam Electricity (EVN) collected over 219 billion VND (over 9.6 million USD) from an auction of its shares at the EVN Finance Joint Stock Company (EVN Finance), as it is trying to divest from the company, according to the Hanoi Stock Exchange (HNX).

The Live and Learn Environmental Education in collaboration with the Vietnam Initiative for Energy Transition (VIETSE) organised a seminar to promote sustainable use of energy in Hanoi on August 24.

A Vietnamese delegation attended the Vietnam – Laos conference for the development of the industry-trade, energy and mining sectors in the Lao capital of Vientiane from August 16 to 18.

With power transmission lines and sub-stations getting overloaded in some provinces, authorities and experts have urged the Government to allow renewable energy investors to install transmission systems and transfer them to the Vietnam Electricity (EVN) for operation.

The Lai Chau hydropower plant, a major facility on the Da River, has been listed as an important work related to national security.

A national plan is scheduled to be issued this year so as to serve as a basis to engage state agencies, businesses and individuals in digital transformation – a leading factor in growth facilitation and digital economy development.

More than 294,000 customers of the power sector suffered blackouts as power went out in northern localities of Quang Ninh, Hai Phong, Bac Giang, Hung Yen and Hanoi on August 3 due to storm Wipha, which landed in Quang Ninh on August 2 evening.

The Ministry of Industry and Trade will submit to the Government new scenarios for solar power prices in two regions on September 15 based on recommendations it received after presenting its proposal on the matter to the Government’s standing board on July 31.

Households in Vietnam which install rooftop solar power systems by 2021 will receive a maximum of 6 million VND (256 USD) each from the German Government through the German development bank KfW.

Vietnam could face an electricity shortage of 6.6 billion kWh in 2021 and 11.8 billion kWh in 2022. The shortage could increase to 15 billion kWh in 2023, according to the Ministry of Industry and Trade (MoIT).

Along with its rapid economic growth, Vietnam’s electricity demand is also increasing strongly, at around 10 percent a year, causing huge pressure on the energy sector, according to the Ministry of Industry and Trade.

The Japan Bank for International Cooperation (JBIC) is interested in investment plans for energy projects of the Vietnam Electricity (EVN) and Vietnam Oil and Gas Group (PVN), unveiled Kazuhisa Yumikura, Managing Executive Officer and Global Head of Infrastructure and Environment Finance Group at JBIC.

The 2019 international exhibitions on electrical technology and equipment (Vietnam ETE) and on products, technologies of energy saving and green power (Enertec Expo) are showcasing advanced technologies of the industry in Ho Chi Minh City between July 17 and 20.