vietnam's power market

Update news vietnam's power market

Unprecedented opportunity for oil giants in offshore wind power

According to the International Energy Agency (IEA), the oil and gas sector’s experience in executing offshore projects contributes significantly to sharing supply chains and technology.

Foreign investors keen on LNG infrastructure in Vietnam

Under Power Plan VIII, 13 LNG power plants have been approved in Việt Nam with a total capacity of 24 GW

Company wants to dig up and incinerate landfill waste for electricity use

The proposal to dig up and incinerate old waste buried at Nam Son landfill to generate electricity has raised questions about project feasibility and economic efficiency.

Ministry of Industry reviews 154 solar power projects with investigation agency

The Ministry of Industry and Trade recently reported to the Prime Minister on updates to the Power Development Plan VIII, as part of its ongoing review of 154 solar power projects flagged by the Government Inspectorate.

Circuit-3 500kv transmission lines – continuation of miracle

Thirty years ago, at 7:07pm on May 27, 1994, the 500kV power transmission line system was officially put into operation.

Rooftop solar power systems allowed to sell 10-20% of capacity to national grid

The Ministry of Industry and Trade (MOIT) has been asked to design a plan to allow northern rooftop solar power systems to sell up to 20 percent of their capacity to the national grid.

MOIT: private investors should not develop offshore wind power projects

The Ministry of Investment and Trade (MOIT) says that private investors should not develop offshore wind power projects until all issues related to national defence and national security are anticipated and assessed.

What if offshore wind-power electricity prices higher than EVN’s selling prices?

If electricity prices from offshore wind power plants are higher than EVN's (Electricity of Vietnam) retail prices, EVN has the right to refuse to buy electricity from the plants.

Ministry pushes for direct power purchase agreements across Vietnam

Effective from July 3, 2024, Decree 80 outlines the framework for direct power purchase agreements, aiming to enhance the collaboration between renewable energy suppliers and major electricity users.

MOIT wants businesses to set petroleum prices themselves

The Ministry of Investment and Trade (MOIT) has been insisting on giving petroleum distributors the right to determine prices based on factors to be announced by the state.

Rooftop solar-power developers may be allowed to sell electricity

The Ministry of Industry and Trade (MOIT) has been asked to work on a policy that would allow the owners of rooftop solar power systems to sell excess electricity to the national grid.

Vietnam joins world’s ‘clean energy train’

LNG (liquefied natural gas) is considered the trump card of clean energy trends. Vietnam is following the trend, having committed to reduce net emissions to zero by 2050.

Gas-fired power projects stalled, three super-projects cannot find investors

Little progress has been reported for most gas-fired power projects. Minister of Industry and Trade Nguyen Hong Dien has asked for measures to speed up project implementation.

LNG power price cap set at nearly VND2,600 per kWh

The Ministry of Industry and Trade has approved the electricity price framework for liquefied natural gas (LNG) power plants for 2024, setting the maximum price at VND2,590.85 per kilowatt-hour (kWh), excluding value-added tax (VAT).

DPPA draft decree submitted to the Gov’t for consideration

The Ministry of Industry and Trade has submitted the long-waited draft decree on direct purchase agreement (DPPA) to the Government for approval.

MOIT seeks zero-dong pricing for rooftop solar power price

Minister of Industry and Trade Nguyen Hong Dien believes that paying zero dong to electricity to be generated by rooftop solar power systems is a reasonable policy which could prevent profiteering.

LNG-fired power too expensive, pricing problems remain unsettled

LNG-fired power is seen as a good solution to emission reductions because power plants running on LNG generate 50 percent fewer CO2 emissions than one burning coal. But production costs will be high, VND2,400-2,800/kwh.

Ministry proposes purchasing renewable electricity mechanisms

The draft decree stipulates that buyers must be organizations or individuals using electricity for production from a voltage level of 22 kV or higher, with an average monthly consumption of 500,000 kWh.

Ministry seeks feedback on rooftop solar power plan

The Ministry of Industry and Trade (MoIT) is seeking feedback on the latest draft of a Government decree on the development of self-consumed rooftop solar power.

Offshore wind power plan still awaits government policies

The eighth national power development plan (Plan 8) was released many months ago, but policies to implement the plan still need supplementation and improvement.