vietnam power market
The two electricity price systems which the Ministry of Industry and Trade (MOIT) has designed will not have a big impact on most people.
The quickest and most effective way to raise funding for power projects is to enter into an alliance with foreign investors, Nguyen Anh Tuan, general director of Phu Yen TTP Joint Stock Company, said.
An electricity shortage did not occur in 2010-2019, but it may face a problem in 2021-2025 as a series of electricity generation projects have been going slowly.
As of August 23, 45,299 rooftop solar power projects had become operational with total capacity of 1,029 MWp, according to the Electricidty of Vietnam (EVN).
Many private enterprises said they want to invest in building renewable energy infrastructure, but Viet Nam still lacks mechanisms to encourage private enterprises to participate in this activity.
LNG could replace coal in the power sector at a higher cost but would cause less pollution.
The Ministry of Industry and Trade (MoIT) will be checking electricity production and business costs of Vietnam Electricity (EVN) from last year.
Local supporting policies together with global advanced technologies will help drive down input cost for wind power projects.
UK based Enterprize Energy (EE) announced it had received a licence to conduct survey for a giant wind power farm offshore Ke Ga cape in the south central province of Binh Thuan.