Indonesia’s State Electricity Company PLN has said that it will mobilise funding from foreign resources, given that it needs an investment of around 72 trillion ringgit (4.7 billion USD) per year until 2030 in order to support electricity projects.
The Cambodian government has approved more than 830 million USD worth of electricity infrastructure projects, which consist of a 150MW hydropower dam, a 265MW coal-fired power station, and three transmission lines.
The Ho Chi Minh City Power Corporation (EVN HCMC) on April 28 said it has resumed a number of electricity projects after the southern city ceased social distancing measures.
The primary task of Vietnam Electricity (EVN) is to ensure adequate supply of electricity for socio-economic development, Prime Minister Nguyen Xuan Phuc has said.
Bidding for electricity projects instead of using the feed-in tariff price mechanism would make Vietnam's electricity more transparent and offer cheaper consumer power prices, experts said at a conference in Hanoi on November 27.
The Vietnam Electricity Group (EVN) has announced that it will accelerate its projects within this year to ensure electricity supply for 2019, thus meeting rising demand for energy in service of the national development as well as that by foreign investors.
The Ministry of Industry and Trade (MoIT) has been asked to report the list of approved solar power plants to Prime Minister Nguyen Xuan Phuc before July 15, 2018.
The Southern Power Corporation under the Electricity of Vietnam Group (EVNSPC) is planning to build 53 more 110 kV power projects in southern provinces and cities, bringing the total number of works in 2017 to 79.
Five solar power projects worth over 14.8 trillion VND (651.2 million USD) have been approved to invest in the central coastal province of Binh Thuan as of May 2017.
Deputy Prime Minister Trinh Dinh Dung has urged PV Power, a member company of the Vietnam Oil and Gas Group (PVN), to accelerate the implementation of electricity projects.
Vietnam encourages investment in electricity projects due to increasing domestic demand, Deputy Prime Minister Trinh Dinh Dung told CEO of the Korea Southern Power Company (KOSPO) Yoon Jong-keun.
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