PetroVietnam Secures Oil Deal With Russia’s Rosneft
VNS Russian firm Rosneft will provide six million tonnes of oil annually via the Kozmino terminal during the 2014-39 period for the Dung Quat Oil Refinery in Viet Nam. The Kozimo terminal is an oil pipeline extending from Eastern Siberia to the Pacific Ocean. According to a Rosneft press release on May 24, the … Continue reading
Nuclear plant to be delayed
Tuesday, January 21, 2014 Construction of Viet Nam’s first nuclear power plant may not begin this year, as earlier scheduled, Minister of Science and Technology Nguyen Quan recently told the media. The delay, which could last two to three years, is tied to developing additional safety measures for the nuclear power plant, to be built … Continue reading
Electricity industry seeks more investment capital
Tue, January 21, 2014 Capital demand for building infrastructure of the electricity industry is increasing, but the industry still has difficulty in gaining access to it, stated Electricity of Viet Nam (EVN). According to the national electricity development plan for the period 2011-20, created by the Energy Institute under the Ministry of Industry and Trade, … Continue reading
Understanding the implementation of new amendments to electricity law
Published on BTimes, November 15th, 2013 The Government issued Decree 137/2013/ND-CP implementing the Law on Electricity on 21 October 2013. The Decree provides a master plan for investment in electricity development, electricity purchase and sale, electricity prices, electricity operating licences and State administration of electricity activities and electricity use. Master plan on electricity development The … Continue reading
Int’l giants interested in power projects in Vietnam
Published on The Saigon Times Daily, October 8th, 2013 Many giant foreign companies such as Semcorp, Samsung and Sumimoto are showing strong interest in electricity projects in the country. Samsung Group, for instance, in late September clinched a memorandum of understanding (MOU) with the Ministry of Planning and Investment, to develop infrastructure projects, with a … Continue reading
Biomass power to be priced higher next year
Published on The Saigon Times Daily, October 8th, 2013 The prices of biomass power will increase by nearly twice when the Government issues a decision on a mechanism supporting power projects running on solid wastes late this year, said the Center for Renewable Energy under the Institute of Energy. Nguyen Duc Cuong, director of the … Continue reading
Green Power in Hanoi
By Vietnam Investment News, September 24th, 2013 A waste-to-power project is raising the bar in Hanoi’s green energy sector. The plant is located in Hanoi’s Soc Son district and is being developed by the Urban Environment Company and Hitachi Zosen with support from Japan’s New Energy and Industrial Technology Development Organisation (NEDO) at a total … Continue reading
China energy giant in BOT landmark
By Vietnam Investment Review, September 23rd, 2013 China Southern Power Grid’s long-awaited project to build the Vinh Tan 1 power plant in Binh Thuan province could become only the fifth foreign-invested build-operate-transfer power project licensed in Vietnam, amid the country’s power woes and strong interest from foreign developers. A high-ranking official from the Ministry of … Continue reading
Vietnam starts its first waste-to-energy plant project
By DTINEWS, September 19th, 2013 The construction of the first waste-to-energy plant in Vietnam will begin on September 19, in Hanoi. The construction is an attempt to reduce the amount of garbage in Hanoi and also to use the garbage to serve the society. It will be built inside Nam Son Waste Treatment Complex in … Continue reading
Investors pull the plug on hydropower
By Thanh Nien News, September 19th, 2013 The ardor to build hydropower plants is cooling off, with investors trying to pull out because of low profits. Construction firm Trung Nam announced it is selling its stakes in three hydroelectricity projects: the Dong Nai No. 2 in Dong Nai Province and Krong No Nos. 2 and … Continue reading
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