Last Saturday, power production topped 36,000 MW for the first time, according to the National Load Dispatch Center (NLDC) under Vietnam Electricity, the national power utility. Consumption on the same day reached the record-high 756.9 million kWh. Vu Xuan Khu, deputy director of the NLDC said consumption could go up to 800 million kWh a day during May and June as the summer gets hotter. Last month, Vietnam broke its national high temperature record as the mercury hit 43.4 degrees Celsius in central Ha Tinh Province, according to a forecaster at the French meteorological agency Meteo France. Weather experts have warned that Vietnam should brace for more heat waves this summer. But electricity production is facing challenges as reservoirs in the central and southern region are low on water. With the current water volumes in these reservoirs, the hydropower plants can produce 2 billion kWh , equal to national consumption for three days, Khu said. EVN is also … [Read more...] about Vietnam power consumption surges as summer heats up
Vietnam power
Vietnam’s renewables industry looking rosy
The energy industry is now looking to the private sector as a financial, source in order to develop, according to the World Bank Photo: shutterstock.com In 2018, the Vietnamese renewable power sector fared well, with solar and wind ventures being registered and starting construction. This was helped along by a big push in incentives via government policy in a bid to spur development in one of the most promising sectors, which remains largely untapped. According to the latest report of state-owned Electricity of Vietnam (EVN), 332 solar projects registered to the power master plan with capital of 22,300 megawatts (MW), in which 121 projects have been approved with 6,000MW before June 2019. Meanwhile wind projects had been approved with 4,000MW registered. “The developments in both wind and solar power show Vietnam’s efforts to meet the targets set in the Revised Power Development Master Plan VII to produce 10.7 per cent of its electricity from renewable sources by 2030, … [Read more...] about Vietnam’s renewables industry looking rosy
South Korean firms show CSR toward Vietnam
The Hanoitimes - Ambassador of South Korea to Vietnam Kim Do-hyon urged Korean companies to ramp up their CSR efforts to contribute to Vietnam’s socio-economic development. South Korean companies operating in Vietnam have again demonstrated their corporate social responsibility (CSR) by funding scholarships for Vietnamese students with good performances. Ambassador of South Korea to Vietnam Kim Do-hyon poses for a group photo at the event. Photo: Minh An At the South Korean Entrepreneur CSR night in Hanoi on December 17, 58 Korean firms awarded 90 scholarships worth VND900 million (US$38,300) to 90 students proposed by the Ministries of Labor, War Invalids and Social Affairs, Industry and Trade, Planning and Investment, Foreign Affairs, and the Hanoi People’s Committee, among others. Among the companies were Samsung Electronics Vietnam, LG Electronics Vietnam Hai Phong, Youngjin Vina, Everpia, Jahwa Vina, Lotte Vietnam, Power Logics Vina, Shinhan Bank … [Read more...] about South Korean firms show CSR toward Vietnam
Coal remains indispensable to Vietnam power needs: Deputy PM
Speaking at a meeting Wednesday he warned that if Vietnam does not resolve its coal shortage, it could face a power shortage right from this year. Since there are currently no effective alternatives, "coal power must be developed with modern and environment-friendly technologies," he said. Total electricity production next year is estimated at 232.5 billion kilowatt hours, with coal power plants accounting for exactly half, and requiring 13 million tons of coal. "Under all circumstances and at all costs, Vietnam must provide enough electricity to the economy," Dung said. He ordered the Ministry of Industry and Trade to quickly draft a plan for consumption of local and imported coal. He instructed the country’s two coal suppliers, Vietnam National Coal-Mineral Industries Corporation (Vinacomin) and the North-Eastern Company (NECO), to sign coal purchase contracts next year. Data from EVN shows demand for electricity this month is 18.89 billion kilowatt hours. To meet this, the … [Read more...] about Coal remains indispensable to Vietnam power needs: Deputy PM
Competitive electricity in Vietnam? It’s still far away
VietNamNet Bridge - More than one electricity generator and wholesaler exists in Vietnam, but the country still does not have a competitive electricity market. Vietnam is string for a competitive electricity market Tran Dinh Long, deputy chair of the Vietnam Power Association, under the Electricity Law and the Prime Minister’s Decision No 63, said Vietnam will experience three stages of development before a competitive electricity market is established. Vietnam plans to develop existing power companies into wholesale buying companies. However, it is necessary to prepare well for the development, especially the legal framework. But it is unclear when such a framework will be completed. Vietnam plans to develop existing power companies into wholesale buying companies. However, it is necessary to prepare well for the development, especially the legal framework. But it is unclear when such a framework will be completed.Consumers RELATED NEWS Power sector … [Read more...] about Competitive electricity in Vietnam? It’s still far away