The Prime Minister in 2020 approved Gazprom International’s investment (a subsidiary of Russia’s Gazprom Group) in the Quang Tri gas-fueled thermal power plant in the central province of Quang Tri.
The Ministry of Industry and Trade (MoIT) has asked provinces and centrally-run cities to review wind, solar and hydropower projects included in the national planning scheme for electricity development for 2011-2020 with a vision towards 2030.
Vietnamese energy giants Vietnam Oil and Gas Group (PVN) and Vietnam Electricity Group (EVN) are awaiting the nod to take over two build-operate-transfer (BOT) power plants developed by foreign investors.
Vietnam will need US$150 billion in order to invest in power projects nationwide over the course of the following decade, according to a recent seminar on ways to mobilise international capital for independent power projects.
A series of build-operate-transfer power projects are lagging behind set schedules by as much as a year due to the global pandemic, threading concern into the power supply issue in the coming time.