Sunflower electric power corporation

It is projected that coal demand for power generation will be boosted before the end of the year On September 13, Vietnam Electricity (EVN), Vietnam National Coal and Mineral Industries Group (Vinacomin), and Northeast Corporation signed a cooperation agreement for coal to supply electricity. Under the agreement, Vinacomin and Northeast Corporation will supply 56.48 million tonnes of coal to EVN’s coal-fired power plants. “We are working with Vinacomin and Northeast Corporation to secure a sufficient coal supply for our coal-fired power plants using anthracite coal from January 2024,” said EVN president Tran Dinh Nhan. “We have completed the plan to provide additional coal to coal-fired power plants in operation to ensure future demand.” In 2023, Vinacomin has signed coal purchasing contracts for 22 thermal power plants with an output of 38.52 million tonnes of coal. From now to the end of the decade, EVN’s coal-fired power plants will generate about 40-42 billion kWh per … [Read more...] about Coal supply moves shoring up generation of power

The increase in electricity prices remains a hot topic as it has a major impact on households and businesses alike. Vietnam Electricity (EVN) has proposed another increase in retail electricity prices to compensate for its losses. Speaking at the state capital management in enterprises seminar last week, Nguyen Xuan Nam, vice president of EVN, said, "EVN accepts selling electricity at much lower prices than feed-in-tariffs (FiT). Although electricity prices have climbed three per cent in 2023, it only minimizes some parts of lingering difficulties since 2022. This year, retail electricity prices were not adjusted in a timely manner. As a result, EVN has incurred a loss of $1.48 billion." He added, "EVN's main task is to ensure a sufficient supply of electricity to the economy. However, the company encounters many challenges in mobilising and balancing its capital to fund its initiatives and ensuring safe operation and sufficient electricity supply in the following years. In 2023, … [Read more...] about Adjusting electricity tariff vital to the energy sector

The latest draft plan for implementation of Power Development Plan VIII (PDP8), submitted by the Ministry of Industry and Trade (MoIT) on August 31, pointed out the vast challenges remaining despite the approval of the plan in May. Detailed implementation will direct success of PDP8, Source: Vietnam+ “For solar power projects that have been approved and assigned to an investor, the specific progress will be considered in the implementation plan PDP8. However, this request cannot yet be carried out according to the MoIT’s Institute of Energy,” noted the latest draft plan. The Institute of Energy, the unit responsible for developing plans to implement PDP8, explained that there are currently 23 solar power projects approved and assigned to investors with a total capacity of about 2,360MW. This is a much higher capacity than the 1,500MW limit currently set in the PDP8. Meanwhile, the MoIT reported that there are more than 2,000 proposed wind, solar, and small … [Read more...] about Detailed implementation will direct success of PDP8

Last week, Hanoi police determined that the cause of the mini apartment fire in Hanoi that killed 56 people and injured dozens was an electrical short circuit on a gasonline-engine motorbike. The information dispelled rumours that the cause of the fire was a fault in an e-bike. However in recent days, as a result of the rumours, owners of all types of buildings in the city introduced rules to limit the charging of e-bikes in basements and centralised parking areas. Some localities even issued a document prohibiting the charging of electric vehicle (EV) batteries in apartment basements. Added spark wanted for EV charge stations, illustration photo 27-year-old Nguyen Huong Giang, a resident of Thanh Xuan district in Hanoi complained, “The building owners and their management boards agreed that there are no EVs allowed, and no-one is allowed to recharge in the building. So where can I park my e-bike and how can I charge it?” There are many others like Giang. On a … [Read more...] about Added spark wanted for EV charge stations

Two weeks ago, the government held a forum to help make the first steps to shape the market of high-efficiency energy-consuming equipment by 2030. The move is made amid the rising pressure to alleviate power outages and achieve the net-zero goal by 2050. More options looked at for energy-efficiency goals, photo VNA The event, on developing the high-efficiency energy-consuming market from policy to implementation, was organised by the Office of the Steering Committee for Energy Efficiency under the Ministry of Industry and Trade (MoIT). One measure discussed was promoting the use of high-efficiency energy-consuming equipment and gradually eliminating outdated technological products. Meanwhile, low-efficiency energy-consuming equipment such as storage water heaters and infrared hobs is prohibited to import, produce, and sell in Vietnam, according to a decision made in May. Dang Hai Dung, deputy chief of the Office of Sustainable Production and Consumption under the … [Read more...] about More options looked at for energy-efficiency goals

Hanoi takes a selective approach to attracting investment, prioritizing projects in high-tech, clean-tech, and environmentally friendly sectors. Hanoi will create conditions for domestic and foreign investors to develop the semiconductor industry in the city and the whole country, said Deputy Chairman of Hanoi People's Committee Nguyen Manh Quyen at the seminar "Development of Semiconductor Ecosystem and Connection for Investment in Hanoi" on September 27 in Hanoi. Delegates at the conference. Photo: The Hanoi Times He stated that the semiconductor industry is of great interest to the Government and the Prime Minister as it enhances Vietnam's participation in regional and global value chains and the development of high technology, electronics, semiconductors, financial centers and innovation. "Prime Minister Pham Minh Chinh encouraged US semiconductor companies to deepen and expand their investments in Vietnam at various stages, including infrastructure … [Read more...] about Hanoi encourages semiconductor investment