Why rooftop solar power plant

NIllustrative image (Photo: internationalfinance.com) Jakarta (VNA) - Indonesia has set a target of issuing emission quotas for some coal-fired power plants within this month as a first step towards creating a mechanism for domestic carbon trading. Last year, Indonesia , among the world's biggest greenhouse gas emitters, set a more ambitious goal of reducing carbon emissions by 31.89% on its own or 43.2% with international support, by 2030. That compared to its 2015 Paris Agreement pledge to cut emissions by 29% or 41% with international help. Mohamad Priharto Dwinugroho, an official of the Ministry of Energy and Mineral Resources, said that the quotas will be set the latest by January 31. After obtaining the quotas, businesses are required to carry out carbon trading . The first phase of carbon trade will cover coal power plants with minimum 100 megawatt capacity that are directly connected to power grids owned by state utility Perusahaan Listrik Negara (PLN), … [Read more...] about Indonesia to set emission quotas for several coal-fired power plants

In light of Decision 2976/QD-BCT dated December 30, 2022 approving Vietnam’s power system supply and operation plan in 2023, of nearly 4,300MW of new power sources be supplemented to the power grid in the new year, there are only two large-scale power plants: Thai Binh II thermos-power plant encompassing two turbines with a combined capacity of 1,200MW and BOT Van Phong thermos-power plant encompassing two turbines with a combined capacity reaching 1,432MW. More power plants are expected to come on stream to feed the country's burgeoning power demands The remainder are mostly hydropower plants with a combined capacity of nearly 1,700MW, and one waste-to-power plant with 30MW annual capacity. In 2022, out of 3,407MW of new power sources to be added throughout the year, there were just three coal-fired power turbine groups with a total combined capacity approximating 2,000MW, the remainder are all small to medium-size hydropower plants. The power sources structure … [Read more...] about New power generation sources proves scant

A solar farm of 400GWh in An Giang Province. The ceiling price applicable to ground-mounted solar projects was set at 5.05 cents per kWh. — VNA/VNS Photo Thanh Sang The Ministry of Industry and Trade has recently introduced new ceiling prices for solar and wind energy in Viet Nam. On October 3, 2022, the ministry released Circular 15, which sets out a framework for the Viet Nam Electricity (EVN) to enter into tariff negotiations with developers of transitional solar and wind energy projects by reference to some specific ceiling prices. On January 7, 2023, the ministry set the ceiling prices at VND1,184.90 (5.05 cents) per kWh for ground-mounted solar projects, VND1,508.27 (6.43 cents) for floating solar projects, VND1,587.12 (6.77 cents) for onshore wind projects, and VND1,815.95 (7.75 cents) for offshore wind projects. EVN will now use these ceiling prices to negotiate tariffs with transitional projects, which are not subject to any tariff so far. At a seminar earlier this … [Read more...] about Ministry of Industry and Trade sets ceiling prices for solar and wind projects

A solar farm of 400GWh in An Giang province. (Photo: VNA) Hanoi (VNS/VNA) - The Ministry of Industry and Trade has recently introduced new ceiling prices for solar and wind energy in Vietnam. On October 3, 2022, the ministry released Circular 15, which sets out a framework for Vietnam Electricity (EVN) to enter into tariff negotiation s with developers of transitional solar and wind energy projects by reference to some specific ceiling price s. On January 7, 2023, the ministry set the ceiling prices at 1,184.90 VND (5.05 cents) per kWh for ground-mounted solar projects, 1,508.27 VND (6.43 cents) for floating solar projects, 1,587.12 VND (6.77 cents) for onshore wind projects, and 1,815.95 VND (7.75 cents) for offshore wind projects. EVN will now use these ceiling prices to negotiate tariffs with transitional projects, which are not subject to any tariff so far. At a seminar earlier this week, Deputy Chairman of the Vietnam Energy Association Nguyen Van Vy … [Read more...] about MoIT sets ceiling prices for solar and wind projects

On the websites of the Ministry of Industry and Trade (MoIT) and its affiliates, there are an increasing number of articles analysing the high power costs of several nations in the region and around the globe. The majority of information connects to the MoIT’s consideration of a proposal to raise the average retail price of energy as a means to assist EVN in rebalancing its finances after a $1.34 billion loss in 2022. There is a possibility of financial imbalance due to failure to change energy rates in a timely manner. Photo: Le Toan In December, EVN proposed to the MoIT that the selling price of electricity be raised in order to alleviate hardships and ensure financial balance in 2023 and subsequent years due to high fuel costs. EVN said that it is awaiting “a decision from the appropriate authorities”. EVN estimates that the average retail price of energy in 2022 was 8.2 US cents per kWh (excluding the exchange rate difference of the remaining power purchase … [Read more...] about Power price hike on the cards in Vietnam

Panorama Restaurant & Bar on the 11th floor of the Authentic Hotel in Hanoi's Old Quarter is one of the most ideal addresses in the capital to bid farewell to the Year of Tiger and welcome the Year of Cat. The restaurant is offering packages for guests to watch fireworks and enjoy European-style dishes on the rooftop floor. You can order a combo for two including one tapas platter, two glasses of wine and two entrance tickets for VND1.499 million ($64). Another package includes one luxury table, an assorted cheese and ham platter, one bottle white or red wine and entrance tickets for a group of four for VND4.499 million. The restaurant is at 13 Ly Thai To Street, Hoan Kiem District. Fireworks will light up the sky over 31 Hanoi locations on Lunar New Year' s Eve . On the ninth floor of La Siesta Premium Hang Be, Cloud Nine Restaurant in Hanoi's Hoan Kiem District … [Read more...] about 9 rooftop restaurants in Hanoi, HCMC for Tet countdown parties

In terms of support for economic growth, Japan and Vietnam have given high priority to the Ho Chi Minh City urban railway line 1, the Ben Thanh-Suoi Tien route. So far, all the trains have been transported to Vietnam, and the construction work is being accelerated so that the line can be put into service very soon. Shimizu Akira, Chief representative in Vietnam Japan International Cooperation Agency JICA is also cooperating with the Vietnamese government to realise the carbon-neutral energy supply, namely an onshore wind power project in Quang Tri province, which started operations in late 2021. We are also working on a solar power plant which will contribute to the energy transition to greener energy in Vietnam. Human resource (HR) development is recognised as the foundation for growth, as Vietnam Japan University has 260 graduates and over 130 new students enrolled. Furthermore, over 40 Vietnamese cadres, civil servants, and government employees are currently … [Read more...] about Rich Japanese cooperative culture set to continue

This time of year is critical for the competitiveness of foreign-owned businesses in Vietnam. Last Tuesday, Hark-Kyu Park, president and CFO of Samsung Electronics, expressed the company’s expectation that the Vietnamese government would continue to support its development. He said that Vietnam is an essential partner and Samsung’s biggest manufacturing hub worldwide. Rising energy costs to require roadmap for businesses’ timely adjustment of strategies. Photo: Le Toan Do Nguyet Anh, chairman of the board at Northern Electric Equipment (NEE), said last month that Samsung in northern Vietnam “stopped several manufacturing lines” and “restricted satellite operations.” The longer-than-usual production halt resulted in a drop of 300 million kWh. Samsung is now one of NEE’s major clients in terms of power use. The steady recovery of domestic production is anticipated to result in a rise of 8-9 per cent in the industrial production index in 2023. Since Q4 of 2022, however, … [Read more...] about Rising energy costs to require roadmap for businesses’ timely adjustment of strategies

Sembcorp has made significant progress by growing its industrial property portfolio. How can its achievements be assessed? Charles Chong, head of Sembcorp Development in Vietnam Since Sembcorp started Vietnam Singapore Industrial Park (VSIP) in 1996, we have diversified our industrial property portfolio. With VSIP, we pioneered the integrated township and industrial park concept. In 2022, Sembcorp launched a new smart and sustainable VSIP and obtained a licence for our 12th VSIP, to be developed in the Mekong Delta city of Can Tho. Sembcorp has also completed ready-built warehouses in Haiphong city and Hai Duong province, both in the north. We are working with Vietnam in its industrialisation and urbanisation journey. We are proud that our projects have brought us closer to the Vietnamese people by generating good employment opportunities, catalysing growth in provinces, establishing communities in new places, and taking care of the disadvantaged in our communities. … [Read more...] about Sembcorp’s consistent sustainability

Vi, who has almost 20 years of experience working in the field of finance and investment credit, discussed credit financing for renewable energy initiatives, including wind and solar, at the event. She said the spectrum of electricity investment in Vietnam could be divided into three categories: foreign investors, Vietnamese corporate entities that can arrange credit with domestic and foreign banks, and businesses that have not yet had the opportunity to arrange capital but wish to. During 2017–2019, international investors could obtain capital inflows at a cost of around 4–5 per cent, but Vietnamese firms had to obtain capital from local banks at a cost of 11–15 per cent of total capital expenses. Therefore, local investors were pressured to invest much more than their international counterparts. In addition, Vietnamese organisations and businesses continue to need assistance in gaining access to credit, owing to the fact that international banks do not lend to local businesses … [Read more...] about Misleading to assert foreign firms dominate Vietnam’s energy sphere: expert