According to the firm’s managing director Song Kok Cheong, Toyo Ink has nearly concluded its deals in land rent, coal supply, BOT (build-operate-transfer) and power plant. The firm has diversified its business portfolio for eight years by investing in the power sector and seeking opportunities in Vietnam, he said. In 2012, the group was allowed to invest in the 2,00MW plant in the form of BOT for 25 years starting from 2021. Song said that he hopes his company will receive an investment licence in three months so a joint venture will be set up to gather investments as the firm can afford only 20 percent of total capital. According to the group’s calculation, the 3.5 billion USD project will generate a revenue of about 970 million USD when it becomes operational in 2021.-VNA … [Read more...] about Toyo Ink Group prepares for Song Hau 2 thermal power project
Thermal power calculation
In 2004, the power sector produced 46 billion KWh of power, up by 73 percent over 2000 and increased by 3.7 times against 1994. However, this has not met the requirements of the rapidly developing economic sector and civil consumption. The average power consumption is only 561 KWh/ person/year, or in 131st position in world ranking. Meanwhile, 44 countries in the world have generated over 1,000 KWh ( produced 27,000 KWh, the : 14,000 KWh and : 11,000 KWh). Recently, the Northern provinces have suffered from serious power shortages. However, due to the construction delay, the second circuit of the 500 KV transmission line has been connected to Ha Tinh, therefore, it is now possible to transmit power from the South to the North. If the second circuit is connected, the additional supply of 400 MW for Hanoi can regulated from Yaly hydraulic power plant (capacity of 720 KW), five Phu My plants (capacity of over 3,800 MW) and others power plants. That … [Read more...] about Ha Tinh Province Developing Vung Ang Thermal Power Plant
Nguyen Van Nam, former director of Trade Research Institute speak with Hai Quan (Customs) newspaper about the sudden rise in power bills. Many people have been complaining about a sudden jump in their power bills. What do you think is the main reason for this increase? In my opinion, there are three main reasons for this increase. Firstly, it's because the power tariff has gone up. When I look up my family's power bill, I see that the new tariff has increased about 8 per cent compared with the previous rate, without adding ten per cent value added tax. Thus, the actual power tariff is higher than that announced by the government (7.5 per cent). Despite the fact that the difference is small (less than one per cent), it reflects the dishonesty of the power sector. Secondly, the power bill has increased because of hot weather, which forces the people to use their cooling systems. Consumers have to pay progressive tariffs for electricity. Under this pricing method, the more … [Read more...] about Power sector must explain just why it runs at a loss
It is the crucial mark to acknowledge the cooperation between the two sides, said Chairman of Toyo Ink Group Song Kok Cheong.Vice Chairman of Hau Giang Province’s People’s Committee Trinh Xuan Thanh revealed that the province will closely coordinate with investors and relevant sides to soon launch the project, which will be carried out under the BOT (Build-Operate-Transfer) model.In 2012, the group was allowed to invest in the 2,00MW plant in the form of BOT for 25 years starting from 2021.According to the group’s calculation, the US$3.5 billion project will generate a revenue of about US$970 million when it becomes operational in 2021. By Thuy Dung … [Read more...] about Largest thermal power plant to be launched in Hau Giang
Workers at the Electricity of Viet Nam's Power Transmission Company No 4 connecting power lines. Despite a lingering drought in the Central Highlands and the southern region, electricity demand is expected to be met by thermal power plants. — VNA/VNS Photo Ngoc Ha HA NOI (VNS)— Power supply will meet the anticipated surge in demand during the dry season this year, said Dang Huy Cuong, director of the Electricity Regulatory Authority of Viet Nam. The authority under the Ministry of Industry and Trade was prepared to tackle the falling output at hydropower plants due to prolonged drought in the Central Highlands and southern region, he said. Gas-fuelled thermal power plants would operate at full capacity until July, which would provide over 4 billion kWh per month, in addition to over 3 billion kWh per month from coal-fueled thermal power plants. According to Electricity of Viet Nam (EVN), while hydropower makes up about 40 per cent of the country's electricity output and … [Read more...] about Power assured during dry season
A noted oceanographer says Vietnam is overlooking an abundant energy resource, the waves of the East Sea. Dr. Nguyen Tac An is former dean of the Vietnam Institute of Oceanography in Nha Trang and current Chairman of Vietnam’s branch of the Intergovernmental Oceanographic Commission (IOC). An talked with the HCM City newspaper Thanh Nien about the potential for wave power development in Vietnam. In 1973, An says, research began on wave power in some developed countries like the US, Portugal and France. In 2003, Portugal deployed the first 30 MW wave power plant. The production cost of wave power is equivalent to wind power, that is, about 10 US cents per kilowatt-hour. What is wave power? Wave power is the capture of wave energy to do useful work, for example, electricity generation or water desalination. An easy way to capture the already abundant energy in the ocean is through a simple air chamber. As the waves rise and fall in the chamber, they force air through … [Read more...] about Energy challenges: Why not wave power too?
The Vietnamese Ministry of Science and Technology confirms that Vietnam will continue developing nuclear power, but it will ask partners to raise the safety criteria, said Deputy Minister of Science and Technology, Le Dinh Tien. To not make nuclear power “terrible” Russia helps Vietnam develop atomic energy Nuclear power and unanswered questions Deputy Minister of Science and Technology Le Dinh Tien. Tien talked with correspondents about Vietnam’s nuclear power projects on the sideline of the conference, on “challenges in developing nuclear power in developing countries” held in Hanoi recently. What is Vietnam doing to prepare for the construction of the first nuclear power plant in Ninh Thuan Province in 2014? Vietnam is negotiating with Russia and Japan to prepare for selecting a partner to carry out a feasibility study. Initial designs will begin, and costs will be calculated after the study is finished. Because this is the first nuclear power … [Read more...] about Vietnam to continue nuclear power projects, says deputy minister
VietNamNet Bridge - Nuclear power will be cheaper than other power sources only if there are many power plants, said Dr. Le Van Hong from the Vietnam Energy Institute, when asked about production costs of nuclear power. According to Cao Chi, senior researcher of the Vietnam Atomic Energy Institute, the investment rate for nuclear power will be much higher than hydropower and thermal power. However, in 2020-2025, when the first nuclear power plant is scheduled to become operational and Vietnam begins importing coal to run thermal power plants, nuclear power will have more competitive prices. “The required initial investments for nuclear power will be higher, but when they become operational, they will have cheaper input materials than thermal power plants. Therefore, in the long term, nuclear power will be cheaper,” Chi explained. The biggest cost is the money needed to build nuclear plants, which have less need for raw materials. One nuclear … [Read more...] about Nuclear power cheaper, only if there are many plants: scientists
The Government has made a brave decision to stop building the nuclear power plant project in the central province of Ninh Thuan, said deputy chairman of the National Assembly’s Science, Technology and Environment Committee Le Hong Tinh yesterday. He made the statement on the sideline of a NA particular meeting to listen to Minister of Industry and Trade Tran Tuan Anh, authorized by the Government, to present a draft resolution on the project’s stop. According to Mr. Le Hong Tinh, the assessment and inspection agency of the project has agreed with the Government’s proposal to no longer build the nuclear power plant. The National Assembly will further discuss and analyze the proposal before making an official final decision. Talking about reasons for the end of the project, Mr. Tinh said that besides insufficiency, Formosa environment disaster has raised fears of environment pollution. Although there are technologies to preserve nuclear waste, it also poses implicit … [Read more...] about NA deputy says Government is brave to stop nuclear power project
VietNamNet Bridge - The opportunity to develop the wind power industry in Vietnam has never been clearer than now. But without the right policy and implementation, the potential is just potential and the "golden opportunity" will pass. Initial lessons learned from the first wind power projects in Vietnam are very useful. The golden opportunity of wind powerWind power industry in VietnamWind power data - national assets The first 1,300 wind turbines are damaged or do not work effectively, mainly because of lacking experience and lack of thorough investigation of resources, climate, weather characteristics. Many countries in the world that go ahead on the path of wind power development have left the precious experience that Vietnam can learn from but we do not know, know a little or cannot effectively use it that experience, especially in implementing leverage policies to develop wind power. The numbers of wind potential and the good comments of when Vietnam's wind … [Read more...] about When will Vietnam’s wind power industry thrive?