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Big customers to buy electricity directly from generators

May 14, 2022 by bizhub.vn Leave a Comment

The direct power purchase agreement is expected to promote renewable energy development in Viet Nam. — Photo vnbussiness.vn Big customers could buy electricity directly from the generators in a pilot programme to develop a mechanism for a direct power purchase agreement (DPPA). This was a highlight in a recent draft Prime Minister’s decision about the direct power purchase mechanism between renewable energy generators and big customers, which was raised for public comment. Under the draft, the total capacity of power plants to join in the pilot programme would be less than 1,000MW. The e-portal for registration would be opened for 30 working days to receive application files. After that, the Ministry of Industry and Trade would announce the pilot mechanism within 15 working days and the list of generators and customers to join the pilot programme within 30 working days. Power generators and customers could negotiate and sign contracts, including the completion of … [Read more...] about Big customers to buy electricity directly from generators

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Nation lacking coal supply for sufficient power generation

May 19, 2022 by vir.com.vn Leave a Comment

Flexibility is required in handling raw material issues for power plants and easing coal supply pressures, Photo: Shutterstock Thai Binh Thermal Power Plant under Electricity of Vietnam (EVN) has been in a coal shortage since the beginning of 2022. Ta Trung Kien, director of the plant, said that the volume of coal delivered “has been reduced significantly” compared to the signed contract. Vinacomin Group and Dong Bac Corporation – two of the coal suppliers for the Thai Binh Thermal Power Plant – delivered only just over 74 per cent of the monthly plan. “The two units of our plant need about 6,400 tonnes of coal per day. Due to a lack of coal, the plant was forced to use backup coal to maintain the operation. By the end of the first quarter, these reserves were at just about 14,000 tonnes, much lower than the required norm of 80,000 tonnes,” Kien said. Many other plants are facing similar problems, including Nghi Son 1, Vung Ang 1, Vinh Tan 2, and Duyen Hai 1, which currently … [Read more...] about Nation lacking coal supply for sufficient power generation

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Transmission boost to remove major power bottlenecks

May 19, 2022 by vir.com.vn Leave a Comment

EVN workers examine electricity facilities (Photo: VNA) The Vietnamese government’s permission for private companies to invest in and build power plants and transmission systems became a big step forward, bringing competition in the energy sector to a manageable level. The first 500kV super-high voltage power transmission line invested by Trungnam Construction and Investment JSC has been operating stably for more than a year. Trungnam’s project includes a 500kV substation and transmission lines combined with a 450MW solar power plant, promoting its advantages when participating in the power grid of Ninh Thuan province and the south-central coastal region. Pham Nhu Anh, member of the Executive Board of Military Bank, which arranged capital for Trungnam to invest in transmission infrastructure, pointed out that capital is still a bottleneck in Vietnam’s electrical infrastructure development. According to Anh, the fact that Electricity of Vietnam (EVN) still holds a monopoly on … [Read more...] about Transmission boost to remove major power bottlenecks

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EVN accelerating projects to gear up for hot season

May 22, 2022 by bizhub.vn Leave a Comment

EVN workers checks electricity equipment. — VNA/VNS Photo Vietnam Electricity (EVN) said it is accelerating power generation and grid projects, especially urgent infrastructure, to ensure supplies in the hot season. The State-owned group said in the first four months of 2022, the firm and its subsidiaries had started work on 30 projects and put into use 31 grid facilities between 110kV - 500kV. It cited meteorological forecasting centres as saying that heatwaves this year are likely to appear in the northern and central regions later than usual, but won't be too severe. Power demand in the north is unlikely to rise sharply in May, and daily consumption will be around 805 million kWh. EVN noted that this month, it is working to guarantee supply for production and business activities as well as daily life, especially the 31st Southeast Asian Games (SEA Games 31) and the 15th National Assembly’s third session. It is maintaining high water levels at multi-purpose hydropower … [Read more...] about EVN accelerating projects to gear up for hot season

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GE secures first 9HA combined cycle power plant in Vietnam

May 16, 2022 by vir.com.vn Leave a Comment

GE's 9HA turbine promises higher combined-cycle efficiency GE on May 16 announced that it secured an order from Samsung C&T Corporation, the leader of the engineering, procurement, and construction consortium that will provide power generation equipment for PV Power’s Nhon Trach 3 & 4 Power Plant in Ong Keo Industrial Park in the Nhon Trach district. The project marks GE’s first H-Class gas turbine order in Vietnam. Once in commercial operation in 2025, Nhon Trach 3 & 4 are expected to deliver over 1.6GW of electricity and will be the first power plants fueled by LNG in the country. In addition, on May 11, an MoU to improve the efficiency of the existing Nhon Trach 1 power plant and develop long-term cooperation on the maintenance for Nhon Trach 3 & 4 was signed and exchanged between GE and PV Power in the presence of Prime Minister Pham Minh Chinh during his visit to Washington DC. Vietnam is currently heavily reliant on coal which fuels around a third of … [Read more...] about GE secures first 9HA combined cycle power plant in Vietnam

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GE secures first H-Class gas turbine order in Vietnam

May 17, 2022 by ven.vn Leave a Comment

This project marks GE’s first H-Class gas turbine order in Vietnam. Once in commercial operation in 2025, Nhon Trach 3 & 4 is expected to deliver over 1.6 gigawatt (GW) of electricity, and it will be the first power plant fueled by liquefied natural gas (LNG) in the country. In addition, on May 11, 2022, a memorandum of understanding (MOU) to develop solutions to improve the efficiency of the existing Nhon Trach 1 power plant and develop long-term cooperation on the maintenance for Nhon Trach 3 & 4, was signed and exchanged between GE and PV Power in the presence of Prime Minister of Vietnam Pham Minh Chinh, during his visit to Washington DC. Vietnam is currently heavily reliant on coal which fuels around a third of its electricity output. The growth of gas-fired power generation will support both coal-to-gas transition and accelerate renewables penetration by enhancing the reliability and stability of the energy grid. This project will contribute to the … [Read more...] about GE secures first H-Class gas turbine order in Vietnam

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GE secures first 9HA combined cycle power plant order in Vietnam

May 16, 2022 by vir.com.vn Leave a Comment

GE's 9HA turbine promises higher combined-cycle efficiency GE on May 16 announced that it secured an order from Samsung C&T Corporation, the leader of the engineering, procurement, and construction consortium that will provide power generation equipment for PV Power’s Nhon Trach 3 & 4 Power Plant in Ong Keo Industrial Park in the Nhon Trach district. The project marks GE’s first H-Class gas turbine order in Vietnam. Once in commercial operation in 2025, Nhon Trach 3 & 4 are expected to deliver over 1.6GW of electricity and will be the first power plants fueled by LNG in the country. In addition, on May 11, an MoU to improve the efficiency of the existing Nhon Trach 1 power plant and develop long-term cooperation on the maintenance for Nhon Trach 3 & 4 was signed and exchanged between GE and PV Power in the presence of Prime Minister Pham Minh Chinh during his visit to Washington DC. Vietnam is currently heavily reliant on coal which fuels around a third of … [Read more...] about GE secures first 9HA combined cycle power plant order in Vietnam

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Việt Nam has huge potential for saving energy: experts

May 19, 2022 by vietnamnews.vn Leave a Comment

Việt Nam’s commitments to the net-zero emission target have seen the country shifting from fossil fuels to electricity. — VNA/VNS Photo Công Thử HÀ NỘI — For a developing society and economy like Việt Nam’s, energy is the engine behind growth, especially in post-pandemic recovery. While it is important to save energy, what matters is smart consumption – correct, sufficient, and intelligent use of energy. The statement was made by Nguyễn Anh Tuấn, senior expert on energy from the Việt Nam Energy magazine at a seminar on Wednesday. Focusing on the economical use of energy, the event gathered experts in the field to discuss energy transition, renewable energy, and the solutions to ensure electricity supply during the summer months in Việt Nam. Elaborating on Tuấn’s point of view, director of the Centre for Energy and Green Growth Research (CEGR) Hà Đăng Sơn said: “Saving and using energy efficiently is the only way to go to achieve COP26 commitments and energy transformation. … [Read more...] about Việt Nam has huge potential for saving energy: experts

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Vietnam has huge potential for saving energy: experts

May 21, 2022 by dtinews.vn Leave a Comment

For a developing society and economy like Vietnam’s, energy is the engine behind growth, especially in post-pandemic recovery. While it is important to save energy, what matters is smart consumption – correct, sufficient, and intelligent use of energy. Vietnam’s commitments to the net-zero emission target have seen the country shifting from fossil fuels to electricity. The statement was made by Nguyễn Anh Tuấn, senior expert on energy from the Vietnam Energy magazine at a seminar on Wednesday. Focusing on the economical use of energy, the event gathered experts in the field to discuss energy transition, renewable energy, and the solutions to ensure electricity supply during the summer months in Vietnam. Elaborating on Tuấn’s point of view, director of the Centre for Energy and Green Growth Research (CEGR) Hà Đăng Sơn said: “Saving and using energy efficiently is the only way to go to achieve COP26 commitments and energy transformation. “We cannot … [Read more...] about Vietnam has huge potential for saving energy: experts

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Finding the spark to ignite energy goals

May 19, 2022 by vir.com.vn Leave a Comment

Vietnam achieved decent growth in the first quarter despite global geopolitical instability. The socioeconomic statistics report for the first quarter of 2022 of the General Statistics Office published on March 29 stated that GDP in the first quarter was estimated to increase by 5.03 per cent over the same period last year. A day before the report, Fitch Ratings forecast that Vietnam’s growth would recover to 6.1 per cent in 2022 and 6.3 per cent in 2023 thanks to increased domestic consumption, exports, and investment inflows. For the nation’s economic progress, the Power Development Plan VIII (PDP8) is the basis to guarantee the stability of Vietnam’s power source system. According to the Ministry of Industry and Trade (MoIT), by the end of 2021, the total installed capacity of renewable energy sources reach around 20,670MW, accounting for 27 per cent of the total installed capacity of the whole system (76,620MW). Finding the spark to ignite energy goals, illustration … [Read more...] about Finding the spark to ignite energy goals

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