Competitive wholesale power market

Illustrative image (Photo: VNA) Hanoi (VNA) - The Hapaco Group JSC is planning to invest 4 trillion VND (174.1 million USD) in a wind power project in the Central Highlands province of Gia Lai. The project is among those to be submitted for approval at the group’s annual shareholders’ meeting, which is slated for March 14. The meeting will also discuss an investment in building a 23-ha care centre for the elderly in the northern city of Hai Phong’s Thuy Nguyen district as well as Hapaco’s new development orientations in social housing and guest worker services. Hapaco (stock code HAP) was one of the first listed on Vietnam’s stock market. As of December 31 last year, its total asset exceeded more than 808 billion VND. Last year, the group reeled in 335 billion VND in revenue, an annual decrease of 11 percent. Its after-tax profit, meanwhile, hit 34.3 billion VND, up 69 percent on-year./. VNA …

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A wind farm in Binh Thuan province (Photo: VNA) Hanoi (VNS/VNA) - Investors from the UK were showing significant interest in investing in renewable energy projects in Vietnam, especially wind power, expecting the Vietnamese Government to introduce long-term support policies as well as simplification of procedures for project implementation. British Ambassador to Vietnam Gareth Ward said at the UK – Vietnam Renewable Energy Dialogue on Wednesday that clean energy was becoming a global trend, adding that every 1 investment USD in clean energy would help generate from 3-8 USD. The Vietnamese Government in 2015 approved the renewable energy development strategy to 2030 with a vision to 2050 which aimed to increase the percentage of renewable power from 35 percent in 2015 to 38 percent in 2020 and 43 percent in 2050. The Government also introduced incentive policies to encourage the development of wind power , biomass energy, energy from waste and solar power. Hoang Tien Dung, Director of the Ministry of Industry and Trade’s Electricity and Renewable Energy Authority, said developing renewable energy was important in the context that sources for hydropower were being exhausted, thermopower was limited due to commitments to global climate change and gas-fired power had high production costs. According to the draft national power development planning for 2021-30 period with a vision to 2045, Vietnam had large potential for renewable energy development which was estimated to amount up to 855GW, mostly solar power (434GW), and wind power (375GW). The potential for off-shore wind power was estimated at 158GW. Off-shore power was attracting increasing interest from foreign organisations and investors, Nguyen Ninh Hai, Head of the Renewable Energy Department under the Electricity and Renewable Energy Authority, said. Hai said that as off-shore wind power was a new thing to Vietnam, the Ministry of Industry and Trade was cooperating with some research …

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HCM CITY will reopen restaurants and other services from March 1. Other places such as gyms and theatres, bars, pubs remain closed until further notice. — Photo: baogiaothong.vn HCM CITY — The city authorities of HCM City have allowed the reopening of restaurants and other services starting from March 1. There have been no community transmitted COVID-19 cases in the city since February 11. Dương Anh Đức, deputy chairman of the city's People's Committee, said the city could reopen tourism activities, food and beverage businesses, wholesale markets, wet markets, museums and libraries. However, services such as bars, pubs, beer clubs, sports facilities and gyms will remain closed until further notice. Activities not included in these groups can reopen but must comply with COVID-19 epidemic prevention and control regulations. Ceremonies, religious and worship activities can be held with no more than 50 people at the same time. Attendees must follow COVID-19 prevention regulations and maintain social distancing of one metre or more. On February 24, the city People’s Committee approved the Department of Education and Training’s proposal to reopen schools from Monday (March 1). The People's Committee on February 9 directed related units to stop all cultural, sports, entertainment activities, and temporarily close all beauty salons, karaoke, pubs, bars, beer clubs, massage, video games, theatres, movie cinemas, sports facilities, yoga classes and gyms to avoid the spread of the COVID 19. —  VNS …

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