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

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

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

Samsung Plans to Invest into Vietnam’s Power Industry

By StoxPlus, September 5th, 2013 Samsung Asia Pte. Ltd –the South Korean mobile phone group plans to pour its money into Vietnam’s power sector, the portal of Vietnam’s customs reported. In details, Samsung will invest in one of Vietnam’s hydropower plants in the Central or South of Vietnam. It this month [Sep], the group will … Continue reading

Electricity output increases 10% YoY in Jan-Aug

By StoxPlus, September 5th, 2013 Total commercial electricity output was estimated to reach 76 billion kWh in the first eight months of this year, increasing 9.64% from a year ago, the Vietnam Electricity (EVN) announced. In which, the domestic commercial electricity output rose by 9.53%. Vietnam saved total of 1.7 billion kWh in the first … Continue reading

Trung Nam To Relinquish Hydropower Plants

By Saigontimes, August 27th, 2013 Dang Cong Chuan, deputy general director of Trung Nam Group, told the Daily on Monday that the group has become less enthusiastic about hydropower projects due to costly investments while the economic efficiency is not as high as before. Trung Nam will sell part of its ownership in Dong Nai 2 hydropower … Continue reading

PVI Provides Insurance For Lai Chau Power Plant

By VNS, August 27th, 2013 The Petro Viet Nam Insurance Joint Stock Corporation (PVI) has recently signed an agreement to provide insurance service for Lai Chau hydro power plant project owned by Viet Nam Electricity (EVN). With a total value of VND14.7 trillion (US$700 million), this has been one of the biggest insurance contracts for … Continue reading

Hydro-Power Plant To Be Built In National Park

By VNS, August 26th, 2013 A small hydro-power plant project is going through the final procedures before being built in the Chu Yang Sin National Park in Dak Lak Province. The project preparations have been progressing despite a call by the Central Highlands Steering Committee to stop all new hydro-power projects in the region. In … Continue reading

Ialy Hydropower Plant – A Great Energy Source of Tay Nguyen

By TalkVietnam, August 16th, 2013 The Ialy Hydropower Plant is the largest project on the Se San River and ranks 3rd in the whole country with a total capacity of 720MW and an overage electricity production of 3.68 billion KWh/year. The Ialy Hydropower Plant, under the Electricity of Vietnam (EVN), was built in 1993 on the Se … Continue reading

Power Trader Accused Of Abusing Monopoly Position

By Vietnamnet, August 12th, 2013 A private hydropower company in the north has filed a petition accusing Electric Power Trading Company (EPTC) of abusing its position as the only power buyer in the competitive power market. In the petition sent to Vietnam Competition Authority (VCA) of the Ministry of Industry and Trade, the private power … Continue reading