Electricity

The backbone of Vietnam’s electricity remains hydropower which produced 3.066 billion kWh, down by 38.31 percent while coal-fired plants produced 10.196 billion kWh, up by 10.99 percent, gas turbines produced 2.916 billion kWh, oil-run thermoelectric turbines 180 million kWh and renewable energy including wind, solar, biomass 887 million kWh. … [Read more...] about Power supply to face challenges in upcoming dry season

According to the Politburo, Vietnam is facing challenges in meeting national energy security targets and still has to import energy due to insufficient domestic supplies. Many power projects have been delayed and several projects invested by State-owned enterprises have incurred losses while the efficiency of energy exploitation remains low. … [Read more...] about Vietnam encourages private investment in energy: Politburo

Earlier on February 12, the World Bank released a new report titled Vietnam Solar Competitive Bidding Strategy and Framework, which was compiled over more than two years in partnership with the government of Viet Nam. It said: “Viet Nam could boost its portfolio of solar energy from the current 4.5GW to tens of gigawatts in ten years, create thousands of jobs as well as achieve the government’s Nationally Determined Contribution climate change target.” … [Read more...] about MoIT no longer keen on bidding mechanism for solar power price

Hanoi (VNA) – The National Energy Development Strategy by 2030, with vision to 2045 aims to ensure national energy security, which serves as a foundation for growth. With such importance, the Politburo has approved a resolution which sets directions for the strategy. According to the Politburo, Vietnam is facing challenges in meeting national energy security targets and still has to import energy due to insufficient domestic supplies. Many power projects have been delayed and several projects invested by State-owned enterprises have incurred losses while the efficiency of energy exploitation remains low. Therefore, the strategy will prioritise rapid and sustainable energy development along with environmental protection and national security safeguarding. It also aims to diversify sources of energy and effectively use renewable, clean and new energy sources. Vietnam will prioritise wind and solar power and encourage investment in power plants using urban … [Read more...] about Strategy aims to ensure national energy security

The oil and gas sector recorded no losing tickers this session. POW of Vietnam’s second-biggest electricity generator PetroVietnam Power shot up 4.3 percent, PLX of petroleum distributor Petrolimex added 0.6 percent, and GAS of energy firm PetroVietnam Gas kept its opening price. … [Read more...] about VN-Index surges one percent, led by blue chips