Vietnam wants more U.S. investments in renewable energyThe Saigon Times Daily Prime Minister Nguyen Xuan Phuc (R) and former U.S. Vice President Al Gore - PHOTO: VNA HANOI – Vietnam has strong potential to develop clean energy and wants to boost cooperation with the U.S. in this field in the near future, according to Prime Minister Nguyen Xuan Phuc. At a reception for former U.S. Vice President Al Gore on August 3, Phuc expressed his hope that Gore will contribute to promoting investments in clean energy by U.S. firms in Vietnam. According to Phuc, energy security is crucial to Vietnam, as it helps to ensure rapid and sustainable economic development for the country. Vietnam is working on diversifying its sources of energy and increasing its ratio of renewable energy sources to have sufficient energy supplies and meet international commitments concerning greenhouse gas emissions. Vietnam is also seeking capital and modern technologies to invest in the energy … [Read more...] about Vietnam wants more U.S. investments in renewable energy
Thermal power plant in india
Chinese investors to take over PetroVietnam’s power plant
The list of thermal power plants in Vietnam having investment capital from China will be extended once Chinese investors are approved to take over Long Phu III thermal power plant located in the Mekong Delta province province of Soc Trang. CSG is one of potential investor for Long Phu III thermal power plant. Source: vneconomy.vn The Ministry of Industry and Trade (MoIT) is collecting opinions from the local authorities on transferring Long Phu III thermal power plant from PetroVietnam to interested Chinese investors. According to MoIT, after the prime minister approved transferring the above thermal power plant from PetroVietnam to other partners, two Chinese investors expressed interest in taking over the project. The first one is China Southern Power Grid Co., Ltd. (CSG). It is the investor of the $1.75 billion Vinh Tan 1 thermal power project. The second one is a joint venture of five Chinese firms, including Zhejiang Energy International Limited and WIN Energy Joint … [Read more...] about Chinese investors to take over PetroVietnam’s power plant
Higlighting the downside of thermal power
Thao lives in Tan An, the capital of the Mekong Delta’s Long An province, 37 km from the proposed construction site of Long An-I, a 1,320 MW coal-fired power plant to be completed around 2020 and put into use in 2024.Though he has never lived near thermal power plants, he reads online articles about their environmental impact and is familiar with recent headline-making environmental disasters, including pollution from the Vinh Tan power plant in south-central Binh Thuan province. Like 15,166 others, Thao signed up with Stop Long An, an electronic petition on wakeitup.net started by an anonymous group of climate activists intent upon preventing the execution of the project and its 1,600 MW follow-up, Long An-II.He also worried about the effects of the plant’s toxic discharges on the surrounding land and water system, citing heavy metal poisoning and its impact on the food chain as his main concern. “It will destroy the rivers that serve as our source of water and … [Read more...] about Higlighting the downside of thermal power
President calls on India firms to do business in Vietnam
Speaking at a reception for Sengupta in Hanoi on February 13, President Quang said the Government of Vietnam is continuing with reform and improving business regulations to meet international standards and create favourable conditions for foreign investors. He said developing energy, particularly renewable energy, is a priority of Vietnam, expressing his belief that when Long Phu 2 thermal power plant is completed, it will pave the way for Indian projects to enter Vietnam. President Tran Dai Quang (right) shakes hands with Indronil Sengupta, Chief Executive – Vietnam at Tata Sons The President asked Tata Group to fast-track the project and put the thermal plant into operation on schedule. President Quang spoke highly of Tata’s move to expand business operations to other fields in Vietnam, including port development and coffee production and processing. He hoped that enterprises from Vietnam and India will propose ideas to step up two-way … [Read more...] about President calls on India firms to do business in Vietnam
President: Indian firms encouraged to do business in Vietnam
At a February 13 reception in Hanoi for Indronil Sengupta, Chief Executive – Vietnam at Tata Sons, President Quang told his guest that the Vietnamese government is persist with boosting reform and improving business regulations to meet international standards and offer the best possible conditions for foreign investors.Vietnam places priority on energy development particularly renewable energy, Quang said while hopeing that when Long Phu 2 thermal power plant is finished, it will facilitate the operation of Indian projects in Vietnam.The President asked Tata Group to expedite the project and put the thermal plant into operation on schedule. He said he hopes that enterprises from both nations will propose good ideas to boost two-way trade and investment at the forthcoming Vietnam – India Business Forum towards raising bilateral trade to US$15 billion in the time to come.Sengupta in turn briefed President Quang on the Tata Group’s projects in Vietnam, including a … [Read more...] about President: Indian firms encouraged to do business in Vietnam