Notably, 10 major power projects were supposed to go into operation from 2016-20 according to the adjusted plan, but they have been delayed beyond 2020. The projects in question are Song Hau 1 (1,200MW), Thai Binh 2 (1,200MW), Long Phu 1 (1,200MW), Na Duong 2 (110MW), Cam Pha 3 ( 440MW), Cong Thanh (600MW). Renewable energy sources (mainly solar power) have grown much faster than their targets thank to the impacts of development incentive policies. … [Read more...] about Viet Nam to face power shortages
Power shortages
Vietnam to face power shortages
A series of projects have been launched in accordance with a power master plan to meet the demand. The average growth rate of electricity sources from 2011-15 reached 13 per cent a year. However, from 2016-19 the growth of power source construction decreased significantly with a yearly average of only 8 per cent, of which the biggest decrease was hydropower (5 per cent) and coal thermal power (10 per cent). … [Read more...] about Vietnam to face power shortages
Electricity projects progressing slowly, Vietnam warned of power shortage
Electricity Regulatory Authority rethinks single pricing model The Electricity Regulatory Authority (ERA) has changed the proposal of allowing household consumers to choose to pay electricity bills under either a multi-tiered price or single-price mechanism. … [Read more...] about Electricity projects progressing slowly, Vietnam warned of power shortage
Ministry proposes overhaul of investment framework for power projects
Mustering the financial resources required to increase the country's energy supply, which was estimated at US$8-10 billion annually, has been difficult. State-owned enterprises have struggled financially, so the country must look to the private sector and foreign investors, who often require government assurances and other forms of assistance. … [Read more...] about Ministry proposes overhaul of investment framework for power projects
MoIT proposes overhaul of investment framework for power projects
It also proposed greater autonomy for local governments by making them investors in infrastructure projects with investment value under VND5 trillion. Projects with investment value between VNDD2.3-5 trillion using State capital with State-owned enterprises as investors would be put under the management of the Prime Minister. … [Read more...] about MoIT proposes overhaul of investment framework for power projects
