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Vietnam faces power shortage despite excess of renewable energy

Vietnam faces power shortage despite excess of renewable energy

While renewable energy sources are currently in surplus, the national power system in 2023 is at risk of experiencing electricity shortages due to extreme weather conditions and many hydropower plants reaching dangerously low water levels.
Prolonged hot weather causes tension in power supply

Prolonged hot weather causes tension in power supply

Many hydroelectric reservoirs are experiencing critically low water levels while the hot summer season has just begun. The power sector has urgently suggested measures to cut down and save electricity during the challenging summer of 2023.
Power price may increase by 15 percent: VVA Chairman

Power price may increase by 15 percent: VVA Chairman

The Chairman of Vietnam Valuation Association (VVA) said that the new power price must increase by about 15 percent compared to the current selling price to be considered sufficient to cover costs.
EVN expects to lose more than VND31 trillion due to high costs

EVN expects to lose more than VND31 trillion due to high costs

Although the Ministry of Industry and Trade expects the total loss in 2022 to be more than VND64.8 trillion, thanks to internal solutions, it is estimated that the total loss of Vietnam Electricity (EVN) will be reduced to only about VND31.36 trillion by the end of 2022, due to high costs, fuel prices, and exchange rates.
UK supports Vietnam to develop wind power

UK supports Vietnam to develop wind power

The British Embassy in Hanoi has just cooperated with Vietnam Electricity and the National Power Transmission Corporation (EVNNPT) to host the seminar series ‘Experience Sharing from the UK on effectively Operating and Managing the National Electricity Grid’.

Many wind power projects in Quang Tri Province behind schedule

Many wind power projects in Quang Tri Province behind schedule

The Department of Industry and Trade of Quang Tri Province, on November 22, said that there were 12 wind power projects in the province with a total capacity of 454MW. However, only two projects had completed construction and installation, while the remaining projects were behind schedule.
Trillion-dong solar power projects wait for going online

Trillion-dong solar power projects wait for going online

In response to the Government's policy of solar power development, many businesses have invested trillions of Vietnamese dong. However, for many objective and subjective reasons, many projects could not complete before January 1, 2021, so they cannot sell electricity, wasting billions of Vietnamese dong every day.
The substation and the 220/500kV transmission line that integrates power from Trung Nam – Thuan Nam Solar Power. (Photo: VNA)

Trung Nam Solar Power mobilization halted due to MoIT regulation

Vietnam Electricity (EVN) yesterday informed that the pause of mobilizing over 172MW of electricity from Trung Nam Solar Power (the largest in Vietnam, sited in Ninh Thuan Province) is in compliance with the regulation because of a lack of a price mechanism.

Transparency in electronic harnessing, trading requested

Transparency in electronic harnessing, trading requested

Vietnam Electricity (EVN) has just announced a profit loss of over VND16.5 trillion (US$695 million) in the first half of this year, along with a proposal of electricity price increase. It blamed this loss on the considerable rise in fuel to produce electricity, yet this reason seems illogical to the public.

EVN warns of electricity failure due to hot weather

EVN warns of electricity failure due to hot weather

Vietnam Electricity warned that the prolonged hot weather would increase household electricity consumption, mainly due to the use of many cooling devices, such as air conditioners. This leads to a high risk of local grid failure due to having to operate at full load and overload many times.