Coal fired power stations under construction worldwide

The plan introduces several key takeaways for investors and financiers interested in the Vietnamese power sector. One notable aspect is the encouragement of rooftop solar and other renewable energy projects for self-consumption, without the need to connect to the national grid. This presents a favourable environment for investors keen on renewable energy opportunities. Chan Hong and Vi Nguyen Lawyers, Dentons LuatViet In addition, the Ministry of Industry and Trade (MoIT) has been tasked to prepare and submit to the government and National Assembly in 2024 the draft of the amended Law on Electricity, which will reflect and actualise objectives and planning under the PDP8 and the draft of the Law on Renewable Energy. These amendments will address key aspects such as the mechanism of auctions and bidding for the selection of investors and determination of tariffs. Investors shall be prepared and be alerted that the power sector in Vietnam would be entering into a … [Read more...] about Power plan a leap in the right direction for 2050 ambitions

To optimise the power sources, transmission, distribution, efficiency, and pricing with sectoral planning, a reasonable import of power and fuel can support socioeconomic development with a self-reliant green transition coupled with international integration. Vaibhav Saxena - Lawyer, Vilaf Further integration of the local industry will also realise the aim of Industry 4.0 through modernising and digitalising the power systems and network by using more smart technologies. Special emphasis is given to promoting renewable energy sources such as wind, solar, and hydro. Solar projects with planning inclusions are to be implemented in accordance with the Power Development Plan VIII (PDP8). Planned solar projects with no investors are to be halted until 2030, unless such projects are deployed off-grid. International commitments, green/climate funds, bonds, and credit sources are given importance to ensure a sustainable and green energy transition for Vietnam; while … [Read more...] about A well-planned greener transition through PDP8

The continuing intense heat and effects of El Niño have increased the demand for electricity in many parts of the country. Due to a dearth of precipitation in the north, water levels in hydropower reservoirs are unusually low, which has had a significant impact on electricity supply. The MoIT is to implement the PM's directive to increase electricity conservation over the 2023–2025 period and subsequent years by concentrating on practical and effective solutions. These are to be to submitted to the PM for approval by June 8. For wind and solar power projects that have been constructed but do not yet satisfy the requirement for employing the feed-in tariff mechanism, it will be necessary to study and advise their handling according to the level of competence in which they are run. It will also be necessary to evaluate the legal framework governing electricity to provide guidance for investment in the power grid. The promotion of public-private partnerships is seen as essential by … [Read more...] about Prime Minister seeks electricity supply guarantees