OCBC says coal plants it’s financing in Vietnam will be its last
SINGAPORE • Oversea-Chinese Banking Corp Ltd (OCBC), South-East Asia’s second-largest lender, said two Vietnamese coal-fired power plants will be the last it finances as it increases funding for renewable projects. “We won’t do any new coal-fired power generation plants in any countries, except for the power projects that we are already in, or we have […]
PM – Vietnam agrees to provide additional 50MW of electricity
Prime Minister Hun Sen has told Fresh News that Vietnamese Prime Minister Nguyen Xuan Phuc has decided to provide the additional of 50MW of electricity on top of 200MW supply to Cambodia. The Premier added that the Vietnamese Prime Minister conveyed best regards to Cambodian King, the President of the Senate, the President of the […]
Power plant’s use of sugarcane bagasse raises farmers’ incomes
Phu Yen (VNS/VNA) – More than 10,000 sugarcane–farm households in the central province of Phu Yen are earning higher profits thanks to the use of bagasse from a sugar factory to produce electricity. The factory owned by KCP Vietnam Industries Limited (KCP VIL) has bought sugarcane from farmers in the province at a price 100,000 VND (4.3 USD) per tonne higher than the […]
Vietnam, Netherlands boost cooperation in climate change adaptation
Hanoi (VNA) – Deputy Prime Minister Trinh Dinh Dung and Dutch Minister of Infrastructure and Water Management Cora van Nieuwenhuizen agreed at their meeting in Hanoi on April 9 to tighten joint work to design and implement suitable policies and measures to cope with climate change. The Vietnamese Government official welcomed his guest to Vietnam, […]
Renewable energy: the future of power for Vietnam
Vietnam could meet its long-term energy demands by adding renewable energy sources and cutting-edge battery storage technologies to its arsenal of solutions, experts said at a two-day international conference on renewable energy that ended on April 4 in HCM City. Speaking on the sidelines of the conference, Nguyen Tam Tien, CEO of Trung Nam Group, […]
Ministry mulls direct power sale
Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) is considering allowing companies that use a lot of power to buy electricity directly from power plants. Speaking at a press meeting in Hanoi on April 5, Nguyen Anh Tuan, director of the Electricity Regulatory Authority of Vietnam (ERAV), said they have been working with […]
EXIM extends credit to develop renewable energy in Vietnam
EXPORT-IMPORT Bank of Thailand (Exim Thailand) has extended $65 million in credit to Eastern Power Group Plc and Communication & System Solution Plc to finance the construction of two solar-power plants in Phu Yen, Vietnam, with a combined generating capacity of around 100MW. Exim president Pisit Serewiwattana said the support was intended to encourage Thai […]
Hanoi ensures sufficient power supply in 2019
Hanoi (VNA) – The Vietnam Electricity’s Hanoi Power Corporation (EVNHN) pledges to ensure sufficient power supply to people in the capital city of Hanoi in 2019, said its Deputy General Director Nguyen Anh Tuan during a meeting of the municipal Party Committee on April 2. Tuan said due to the prolonged hot weather, the power […]
Vietnam’s petrol, LPG import down in Q1
HANOI, April 1 (Xinhua) — Vietnam imported 2 million tons of various kinds of oil and petroleum products totaling nearly 1.2 billion U.S. dollars in the first quarter of this year, posting respective year-on-year drops of 42.6 percent and 47.6 percent, its Ministry of Industry and Trade said on Monday. Meanwhile, the country imported 349,000 […]
Vietnam’s gas station leader hedges bets with EV chargers
HANOI — Vietnam’s state-controlled Petrolimex, the top distributor of gasoline to the country’s more than 40 million motorbikes, aims to diversify operations ahead of a projected long-term slowdown in demand for the fuel. Formally called Vietnam National Petroleum Group, the company operates about 5,000 gas stations nationwide and has added locations at a pace of 70 […]