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.
Electric Power Trading Company (EPTC) – member of Vietnam Electricity (EVN) – has issued a written proposal for the purchase prices of electricity harnessed from solar, wind power plants.
The hydroelectric reservoirs in the North are planning to discharge 4.9 billion m³ water to the downstream areas for irrigation purposes in the upcoming dry season.
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.
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’.
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.
Vietnam Electricity (EVN) proposed the Ministry of Industry and Trade reduce the purchase price of wind and solar power by 30 percent compared to the current one.
Many wind power projects in Central, Central Highlands, and Mekong Delta provinces cannot sell electricity because they are finished behind schedule, so they are suffering debts of trillions of Vietnamese dong.
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.
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.
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.
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.
The Deputy General Director of Vietnam Electricity (EVN) said that while the cost price of coal-fired power was reaching VND4,000 per kWh due to the sharp increase in imported coal prices, that of hydroelectricity was only VND1,000 per kWh.
Leaders of the People's Committee of Dong Nai Province, on March 14, chaired a working session with Vinh Cuu District and related units on the policy of converting the use purpose of forest land to implement the expansion project of Tri An Hydropower Plant.
Six State-owned enterprises and corporations, including Vietnam Airlines Corporation, Airports Corporation of Vietnam, Vietnam Railways Corporation, Vietnam Coffee Corporation, and Vietnam Southern Food Corporation, failed to meet the annual revenue and profit targets. Vietnam Electricity could not achieve the revenue target despite having obtained the profit plan.
Prime Minister Pham Minh Chinh has just signed a public statement on electricity demand forecasting, economical and efficient use of electricity, and the assurance of electricity supply in 2022 and the following years.
Recently, the workshop on the application of the energy storage systems and efficiency technology of the renewable energy (RE) projects in Vietnam" was grandly held by the Scientific Council of the Vietnam Energy at the Hanoi International Convention Center.
The Electricity of Vietnam (EVN) and the Power Project Management Board 1 held a ceremony to start the construction of the 220kV transmission line of Nam Mo (Laos) - Tuong Duong - the section on the territory of Vietnam - on the morning of November 28 at Na Ngoi Commune in Ky Son District in Nghe An Province.
October 31 is the deadline for wind power projects and plants to enjoy the Feed-in Tariff (FIT) price mechanism (preferential electricity purchasing price fixed for 20 years) after being put into trial operations and receiving Commercial Operation Date (COD) acceptance.