Renewable energy projects in Ninh Thuan face overloaded electricity grid

The central province of Ninh Thuan has seen a boom in renewable energy projects, especially solar power, but power transmission lines in the province have failed to handle the capacity, experts have said.

Renewable energy projects in Ninh Thuan face overloaded electricity grid

A rooftop solar power system in Ninh Thuan Province.

A number of solar and wind projects in the province have been developed after preferential incentives on prices for renewable power were issued, according to the Ministry of Industry and Trade. Many renewable energy projects, however, cannot operate at full capacity.

Luu Xuan Vinh, chairman of the province’s People’s Committee, said the Government and the ministry had approved 30 solar power projects in the province with total capacity of more than 1,817MW and total registered capital of over VND50 trillion (US$2.13 billion).

Since June, as many as 18 solar and wind projects have been operating but they have had problems connecting fully with the national grid.

As a result, 10 renewable energy power projects among 18 in the province were forced to reduce capacity when the grid became overloaded, with damage estimated up to VND500 billion ($21.7 million).

To solve the problem, he recommended that the Government build more 220-500KV transmission lines and stations to serve wind and solar power plants in the province.

Nat’l energy security

At a recent meeting with provincial officials, Deputy PM Trinh Dinh Dung said that wind and solar power in Ninh Thuan were contributing greatly to national energy security.

Within one year, the province installed more than 1,000MW of wind power and solar power, but the transmission infrastructure has not kept pace with the development of electricity production.

As of June 30, more than 80 solar power plants with a combined capacity of 4,460MW have been connected to the national grid, according to the Electricity of Viet Nam (EVN).

EVN has agreed to continue the current feed-in tariff (FiT) rate of 9.35 US cents per kWh for rooftop solar-power projects nationwide until 2021, as proposed by the Ministry of Industry and Trade.

Under the FIT programme, the feed-in tariff rate was effective between June 1, 2017 and June 30 this year to all types of solar technologies, including floating, ground-mounted, and rooftop solar-power projects.

 

By the end of this year, another 13 solar power plants are scheduled to be connected to the national grid, with a combined capacity of 630MW, raising the total number of the country’s solar power plants to 95.

Ninh Thuan aims to become the renewable energy centre of the country. Blessed with abundant sunshine and wind year round, the province is home to 25 solar power projects.

The province has a high level of sunshine hours (2,467) per year and solar radiation per square metre (1,700kWh), making it ideal for solar energy projects.

Under the province’s green energy plan, by 2030 the province is expected to reach a total capacity of 1,500MW in wind energy and 3,912MW in solar energy.

Viet Nam’s national grid was overloaded in the second quarter of this year, with an influx of 89 new renewable power plants becoming active, many in Ninh Thuan, where solar radiation is high.

Several plants had to operate at about only 60 per cent of their maximum capacity, which could causes financial losses this year, according to investors.

The rapid construction of new renewable energy power plants in the first half of this year came as investors sought to beat the June 30, 2019 deadline to enjoy the FiT of 9.35 cents per kWh for the next 20 years, experts said.

The registered capacity of solar power projects in Viet Nam has reached 25,000 MW, far exceeding the government’s initial target to have 4,000 MW by 2025.

Renewable energy accounts for 9 per cent of Viet Nam’s energy mix, already surpassing the target of 7 per cent set for next year, according to EVN. — VNS

More power grids needed to unlock renewable energy capacity

More power grids needed to unlock renewable energy capacity

The Ministry of Industry and Trade has proposed the prime minister allow for more power grid projects than earlier planned to handle the high capacity of wind and solar power projects in Ninh Thuan and Binh Thuan.  

Vietnam needs foreign aid to develop renewable energy

Vietnam needs foreign aid to develop renewable energy

Renewable energy has emerged as one of the most preferred sectors for investment in Vietnam, coming third behind fintech and education.

 
 

Other News

.
New money into stock market slows down, economy growth may miss expectations
New money into stock market slows down, economy growth may miss expectations
BUSINESSicon  16/07/2021 

In its recent report, Dragon Capital said that the market uptrend is still led by new individual investors.

Foreign retailers come, Vietnamese billionaires struggle to survive
Foreign retailers come, Vietnamese billionaires struggle to survive
FEATUREicon  16/07/2021 

The increasing presence of foreign giants has put great pressure on domestic retailers.

HCM City applies ‘production-and-quarantine’ model
HCM City applies ‘production-and-quarantine’ model
FEATUREicon  16/07/2021 

Many enterprises in HCM City are operating under a so-called production-and-quarantine model, i.e. maintaining production while strictly following quarantine rules amid the Covid-19 outbreak.

How to harmonize the two 'fronts'?
How to harmonize the two 'fronts'?
FEATUREicon  15/07/2021 

There must be satisfactory solutions for the sake of the economy and the country's reputation in international relations because the pressure to open up, for example, through accepting vaccine passports, is great.

Vietnam Airlines to raise over $346 million through share issuance
Vietnam Airlines to raise over $346 million through share issuance
BUSINESSicon  15/07/2021 

At the General Meeting of shareholders held on Wednesday morning, Vietnam Airlines JSC (HVN) approved a plan of raising VND8 trillion (US$346.2 million) through share issuance. 

Two updated scenarios put forward for Vietnamese economy until year’s end
Two updated scenarios put forward for Vietnamese economy until year’s end
BUSINESSicon  15/07/2021 

The Central Institute for Economic Management (CIEM) has revised two scenarios for the Vietnamese economy by the end of the year, with the GDP rate forecast to expand by 5.9% and 6.2%, respectively.

Businesses strive to maintain production amid lockdown in HCM City
Businesses strive to maintain production amid lockdown in HCM City
BUSINESSicon  15/07/2021 

When HCM City went into lockdown under Government Directive 16 on July 9, many businesses and manufacturers prepared plans to set up temporary accommodations for their workers to avoid the spread of coronavirus and maintain production.

Borrowing US$5 billion to invest in stocks: worries behind the record
Borrowing US$5 billion to invest in stocks: worries behind the record
FEATUREicon  15/07/2021 

The number of newly-opened securities accounts opened in the last 18 months is equal to the total number of the previous 20 years.

VIETNAM BUSINESS NEWS JULY 15
VIETNAM BUSINESS NEWS JULY 15
BUSINESSicon  15/07/2021 

The State Bank of Vietnam set the daily reference exchange rate at 23,203 VND per USD on July 15, down 1 VND from the previous day.

VN stock market hits record, big names rise
VN stock market hits record, big names rise
FEATUREicon  14/07/2021 

The Vietnamese stock market in the first half (H1) of 2021 broke many records.

Aviation sector eyes recovery in 2023-24
Aviation sector eyes recovery in 2023-24
BUSINESSicon  14/07/2021 

Vietnam's aviation market is hoped to recover in 2023-24, according to a Vietnam Airlines' representative.

Businesses ask banks to ease interest rates as promised
Businesses ask banks to ease interest rates as promised
FEATUREicon  15/07/2021 

Bank loan interest rates are becoming a heavy burden on businesses, which have been hit hard by Covid-19 for more than a year.

Exporters face slew of difficulties due to COVID
Exporters face slew of difficulties due to COVID
BUSINESSicon  14/07/2021 

Though exports remain strong, several sectors face difficulties due to the COVID-19 pandemic and require support from the Government if they are to sustain the growth, experts said.

Ministry proposes reduction in insurance deposits for travel firms
Ministry proposes reduction in insurance deposits for travel firms
BUSINESSicon  14/07/2021 

The Ministry of Culture, Sports and Tourism wants to reduce the value of insurance deposits by 80 per cent to help travel companies that are struggling because of COVID-19.

Mekong Delta: attractive destination for renewable energy development
Mekong Delta: attractive destination for renewable energy development
BUSINESSicon  14/07/2021 

Taking advantage of its natural conditions and investment attraction policies, the Cuu Long (Mekong) Delta has become a destination for investors in renewable energy projects.

Vaccine passport: certificate could save the tourism industry
Vaccine passport: certificate could save the tourism industry
FEATUREicon  14/07/2021 

The Covid-19 outbreaks have hit the tourism industry especially hard. Travel firms are looking forward to the new vaccine passport, which they believe could save the industry.

Banks agree to reduce lending interest rates from July
Banks agree to reduce lending interest rates from July
BUSINESSicon  14/07/2021 

Commercial banks have agreed to slash the lending interest rate in order to help businesses and people overcome the difficulties caused by the Covid-19 crisis.

Industrial real estate market hit hard by fourth Covid wave
Industrial real estate market hit hard by fourth Covid wave
FEATUREicon  14/07/2021 

The latest Covid-19 outbreak, which began in late April, has slowed down the industrial real estate market. There have been only small-scale projects and no large scale one announced.

Construction ministry gives opinion on transfer of part of multi-billion dollar super-project
Construction ministry gives opinion on transfer of part of multi-billion dollar super-project
FEATUREicon  14/07/2021 

The Hanoi Construction Department has sent a dispatch to the Ministry of Construction (MOC), asking for guidance on procedures that parties have to follow to transfer a part of the Ciputra urban area project.

Banks lending big to keep agriculture sector ticking
Banks lending big to keep agriculture sector ticking
BUSINESSicon  14/07/2021 

According to the State Bank of Vietnam’s department of credit for economic sectors, as of April credit injected into rural and agricultural development had reached VND2.3 quadrillion ($100 billion), or 24.6% of the banking sector’s total loans.

 
 
 
Leave your comment on an article

OR QUICK LOGIN