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New thermal power plant helps soothe Vietnam’s thirst for electricity In Vietnam, hydropower represents 35 per cent of installed electricity capacity. That’s great for maintaining a low tariff, but it brings challenges for a stable power supply at the end of the dry season when large quantities or the water generating capacity are depleted and there’s no rain to refill them. Compounding this seasonal challenge is a speedy economy growth that’s expanding at a 10-year-average rate of more than 6 per cent a year, creating electricity demand growth at an even faster 11 per cent annual rate. The result? Vietnam is finding it increasingly difficult to ensure reliable power during the end of the dry season and into the early months of the rainy season. Helping to fill the gap is the country’s first large-scale independent power producer (IPP) project namely the 600-megawatt Thang Long thermal power plant. Located about 70 miles (113 kilometers) north east of … [Read more...] about New thermal power plant helps soothe Vietnam’s thirst for electricity

DHD’s general director Le Van Quang and Christopher Thieme from ADB after the signing agreement. (Photo courtesy of ADB) Hanoi (VNA) — The Asian Development Bank (ADB) on October 2 signed a 37 million USD loan agreement with Da Nhim – Ham Thuan – Da Mi Hydro Power Joint Stock Company (DHD) to finance the installation of a 47.5 MWp floating photovoltaic (PV) solar power facility on the man-made reservoir of DHD’s existing 175 MW Da Mi hydropower plant. “This project will help to boost the share of renewable energy in Vietnam’s overall energy mix and decrease the dependence on imported fossil fuels such as coal,” said ADB Private Sector Operations Department Deputy Director General Christopher Thieme. VNA … [Read more...] about ADB inks deal to finance first large-scale floating solar power plant

DHD’s general director Le Van Quang and Christopher Thieme from ADB after the signing agreement. (Photo courtesy of ADB) The project marks the first large-scale installation of floating solar PV panels in Vietnam and the largest installation in Southeast Asia, according to ADB’s press release. “This project will help to boost the share of renewable energy in Vietnam’s overall energy mix and decrease the dependence on imported fossil fuels such as coal,” said ADB Private Sector Operations Department Deputy Director General Christopher Thieme. … [Read more...] about ADB inks deal to finance first large-scale floating solar power plant in Vietnam

Of which, total capacity of rooftop solar power projects of customers was 216 megawatts. It is expected that by the end of this year, another 300 megawatts of rooftop solar power will be added and 2,000 megawatts by the end of 2020. The Decision No.11/QD-TTg on mechanism to encourage the development of solar power has already expired from June 30 this year but there has not been new decision to replace it so the EVN does not have legal basis to carry out procedures to buy power of new rooftop solar power projects. Earlier, the Government had a resolution and a decision on the implementation of some specific mechanisms and policies to support Ninh Thuan Province in socio-economic development, in which the Government gave nods to the policy to develop the province into a center of renewable energy of Vietnam. Accordingly, the Prime Minister also ordered that by the end of 2020, the connected infrastructure with a design capacity of 2,000 megawatts must be completed. In order to make … [Read more...] about Nearly 13,000 rooftop solar power projects sell electricity to EVN

An overview of Hoa Binh Hydro Power Plant. (Source: baochinhphu.vn) Hanoi (VNA) – The Hoa Binh hydro power plant expansion project is expected to start in the second quarter of 2020 and be completed in 2023, according to Vietnam Electricity (EVN). The EVN Member Council has issued Decision No. 383/QD-EVN dated September 27, 2019 on the project investment with total capital exceeding 9.22 trillion VND (396.46 million USD), including 30 percent of reciprocal capital and 70 percent from commercial loans. The project aims to raise the national power network’s peak power and maximise utilisation of water discharged from the plant in the flood season for generating power. In addition, it will help improve frequency modulation capability and stablise the frequency of the national electricity system and reduce the working intensity of available turbines of the plant, thus prolonging the life of equipment and saving maintenance and repair costs. The plant expansion project will … [Read more...] about Hoa Binh hydropower plant to be expanded in Q2