Vietnamplus

Fitch Ratings has affirmed PetroVietnam Power Corporation (PV Power)’s long-term foreign-currency issuer default rating (IDR) at “BB” with a positive outlook.

Electricity imports from Laos and China accounted for just a modest part of the total electricity demand of Vietnam, Deputy Minister of Industry and Trade Dang Hoang An.

The Vietnam Electricity Group (EVN) is negotiating to purchase more electricity from China and Laos, according to EVN General Director Tran Dinh Nhan.

The Mong Cai (Vietnam) - Dongxing (China) 110kV transmission line was completed and put into operation at 6 am on May 22, adding power supply to Mong Cai city in the northeastern province of Quang Ninh, according to the Mong Cai City Electricity.

Vietnam Electricity (EVN) recently approved temporary electricity prices for two wind power plants among 31 applications.

Deputy Prime Minister Tran Hong Ha has requested the Ministry of Industry and Trade to accelerate the process of issuing electricity licenses for wind and solar power projects that have been completed but have not yet been put into operation.

The Prime Minister has just approved the National Power Development Plan VIII, which guides the development of power plants and power grids between 2021 and 2030, with a vision until 2050.

Hydroelectric reservoirs' water levels are lower than annual averages, according to a May 10 report from Vietnam Electricity Group (EVN), and 10 are either close to or under the 'dead level'.

Wind and solar power investors continued to voice their grievances over difficulties in price negotiations and extending project deadlines with the Power Trading Company (EVNEPTC), a subsidiary of Vietnam Electricity (EVN), the sole power distributor in the market.

Mercedes-Benz Vietnam (MBV), a subsidiary of the Germany-based Mercedes-Benz Group AG, will introduce three all-electric car models in Vietnam in 2023, said MBV General Director Brad Kelly at a press conference in Ho Chi Minh City on May 9.

The northern region is facing a high risk of serious electricity shortage this summer due to rising demands and low output of hydropower plants as a result of unfavourable weather conditions, according to the Vietnam Electricity (EVN).

The average retail price of electricity increases 3% to 1,920.373 VND (0.082 USD) per kWh from May 4, following a decision by the Vietnam Electricity (EVN) on adjusting the electricity retail prices.

The Ministry of Industry and Trade has allowed the Vietnam Electricity (EVN) to revise up electricity prices by a maximum of 3% following the April 30 - May 1 holiday.

Ho Chi Minh City has set a target to save at least 2.2% of total energy consumption this year, which equals to 620 million kWh of electricity.

Credit ratings agency Fitch Ratings has affirmed Vietnam Electricity Northern Power Corporation's (EVNNPC) long-term foreign-currency issuer default rating at 'BB' with a positive outlook.

Brunei plans to build a waste incineration plant that can process 800 to 1,000 tonnes of waste per day to generate electricity, according to Minister of Development Dato Haji Mohd Juanda.

Singapore’s Energy Market Authority (EMA) said on March 16 that it has granted conditional approval for the local conglomerate Keppel Energy to import 1 gigawatt (GW) of electricity from Cambodia to the country.

Indonesia’s State-run electricity company PT PLN’s East Nusa Tenggara (NTT) readies 100 units of electric vehicle charging station (SPKLU) to support the 2023 ASEAN Summit in Labuan Bajo, West Manggarai District, NTT Province, reported Antara news agency.

The Minister of Industry and Trade has recently asked the trio of power giants to keep the supply of coal stable at all costs in 2023 as the mineral is essential for power generation and fertiliser production.

Prime Minister Pham Minh Chinh on February 26 gave the order to launch the construction of a road connecting Hoa Binh northern province and capital Hanoi and an expressway from Hoa Binh to Moc Chau district in neighbouring Son La province.