Tan Tao Group seeks BOT power plant partners

Mar 25,2014 The long-delayed Kien Luong thermal power project could be pushed forward as the domestic investor Tan Tao Energy Corporation is seeking partners for it. The firm (TEC), a subsidiary of Tan Tao Group, is seeking partners after it has been allowed to convert the investment form of Kien Luong 1 thermal power plant … Continue reading

PetroVietnam set to buy Chevron gasfield stake

VIR, Feb 24, 2014 The Vietnamese government recently gave PetroVietnam the go-ahead to buy its US partner Chevron’s 42.38 per cent stake in the $4.3 billion Block B and 48/95 gas projects. According to Phung Dinh Thuc, chairman of PetroVietnam, due to a disagreement over the price of gas between the partners, Chevron has halted … Continue reading

Obama adopts civilian nuclear pact with Vietnam

VIR, Feb 25, 2014 US President Barack Obama on February 24 approved a civilian nuclear deal with Vietnam, paving the way for the US to sell its reactors to this Southeast Asian nation. “I have determined that the performance of the agreement will promote, and will not constitute an unreasonable risk to, the common defence … Continue reading

US helps Vietnam develop renewable energy

VIR, Feb 21, 2014 The US is willing to provide technical assistance and share experience in developing renewable energy in Vietnam, US Consul General Rena Bitter has said. Bitter was speaking at a joint Vietnam-US workshop on wind power cooperation in HCM City on February 20. She noted many US agencies have committed to renewable … Continue reading

EVN works to reduce losses

Vietnamnet Facing capital shortages, Electricity Viet Nam (EVN) has asked national coal group Vinacomin and PetroVietnam to invest in power plants, EVN deputy general director Dinh Quang Tri tells Vnexpress. In 2011, EVN claimed it had suffered VND38 trillion (US$1.8 billion) in incremental losses. However, in 2013 the corporation was able to reduce losses by … Continue reading

Vietnam says nuclear power plant delay won’t cause shortage

TN News – Jan 2014 Vietnam will not suffer from power shortages due to the delay in construction of its first nuclear power plant until 2020 since around 10 thermal power plants would be built by then, the chief of the Vietnam Energy Association said. Tran Viet Ngai, chairman of the VEA, told news website … 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

GE celebrates 20 years in Vietnam

General Electric was one of the first American companies to enter Vietnam, doing so in 1993, a year before teh US trade embargo was lifted. For the last 20 years GE has met Vietnam’s board needs in aviation, energy and healthcare. To celebrate GE Vietnam’sn 20th anniversary in Vietnam, GE’s vice chairman John G.Rice told … Continue reading

New hydroelectricity dam offers power surge

January 13, 2014 A major hydroelectric plant has come online in the central province of Nghe An, easing Vietnam’s chronic power shortage. Locally- owned Za Hung last week officially put into commercial operation its VND800 billion ($38 million) Nam Pong hydroelectricity plant in Nghe An’s Quy Chau district. “This plant will supply 70 per cent … Continue reading