Vietnam

 

 

 

 

 

 

Electricity of Vietnam will start the construction of Lai Chau hydropower project at the end of December 2010.

A symposium tackled measures to solve difficulties in hydropower cooperation difficulties between Laos and Vietnam.

The Electricity Regulatory Authority of Vietnam is developing plans to increase electricity price in 2011. This will be based in coal price and prices of other inputs. According to Mr. Tran Viet Ngai, Chairman of Vietnam Energy Association, electricity price in 2012 and 2013 has to increase to 7 to 8 cents per KW from 5.3 cents. "If electricity price and the profit rate of enterprises are too low, the power sector shall be at a loss, unable to borrow from foreign investment and no one shall invest in the power sector of Vietnam. The increase should be implemented from early 2011. In the coming dry season, if there is no electricity, damages and losses due to power shortage shall be even bigger", said Mr Ngai. According to Vietnam Electricity Corporation or EVN, the current electricity price of 5.3 cents per KW  is too low, and should be increased to 6.5 cents, which has been approved by the Government for 2011 to ensure profitability and attract investors. “In 2011, if we are not affected by natural disasters like this year, there will be more water for hydro-power reservoirs, and the 30 per cent increase in electricity price shall be sufficient to compensate for the electricity sector”, shared an official of the power sector. But Minister of Finance Vu Van Ninh said that while the price of electricity in 2011 will certainly be increased, the amount and time of increase should be calculated so as not to affect low-income people, and not distort the economy because of the subsidized price.

The total output for Ca Mau 1 and Ca Mau 2 power plants has reached 7.94 billion KW. It exceeded Ca Mau Petrovietnam Power Company’s 7.6 billion KW target by 4 per cent with revenues has reaching US$337.8 million.

The construction site of Son La hydropower plant has officially been put into no load operation.

Vietnam hopes to generate 18,000 KW annually with its first grid connected solar system . The network, installed on the roof of the Ministry of Industry and Trade office will help to save roughly US$612 in power bills for the office. Mr. Stefan Mappus, Governor of Baden - Württemberg and Deputy Minister of Industry and Trade Le Duong Quang inaugurated the grid connected solar system on the rooftop of MOIT’s building.  The ceremony had the attendance of representatives from more than 50 leading German companies and representatives from related departments of the MOIT.

General Electric wants to expand in Vietnam after putting into operation the Hai Phong wind turbine factory.

Chinese and South Korean firms want to invest in the $2.1 billion coal-fired power plant in Quang Ninh province. It is being built by the United States-based AES Corporation and its Vietnamese partner Vinacomin.

Cummins Power Generation brings forth a fully integrated, reliable and highly efficient power technology to five Big C hypermarts in Vietnam.

Japan’s Premier Naoto Kan affirmed his country’s commitment to meet all of Vietnam’s requirements in   implementaing its nuclear power project. This includes providing preferential loans, technology transfer, human resource training, cooperation in waste treatment and ensuring a stable supply of materials during the project’s life-time.