The Hanoitimes - High solar irradiance and wind flow velocity are factors making Vietnam`s renewable energy advantages. Renewable energy projects spur foreign investment surge Foreign investors enter Vietnam’s renewable energy industry through M&A Vietnam is likely to become a renewable power hub in the time to come thanks to a series of conditions, mostly geographic ones namely a long coastline, tropical climate, and strong solar irradiance. Vietnam is tapping renewable energy potential. Photo: Utility Magazine Such diverse and abundant conditions enable the country to utilize the exploitation and production of wind power, solar power, and bio-fuels, according to JLL. Indeed, Vietnam’s geographical characteristics suitable for the production of many renewable energy types together with the government’s strong support for investors will enable the country to make full use of the potential, said Country Head of JLL Vietnam … [Read more...] about Geographic position makes Vietnam a renewable power hub
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Power generation prices set to be higher
A new price scheme for power generation was issued. — Photo cafef.vnViet Nam News HÀ NỘI — The Ministry of Industry and Trade has issued Decision No 281 which increases the prices for power generation in 2019. These prices are used to negotiate power purchase agreements between the State-run Vietnam Electricity and power plants. Accordingly, the prices for power generation in coal-fired power plants are set to range between VNĐ1,677 and VNĐ1,896 (US$0.07-0.08) per kWh during 2019, excluding some taxes, sea port fees and infrastructure. The prices are VNDĐ359 and VNĐ76 per kWh higher than those of 2018. The ceiling prices for power generation in hydropower plants this year would be increased by VNĐ20 per kWh than last year to reach VNĐ1,100 per kWh excluding taxes. The ministry’s calculation showed that the price of imported coal this year is VNĐ1.74 million per tonne excluding taxes and transport costs, … [Read more...] about Power generation prices set to be higher
New prices announced for coal-fired power generation
Source: The Ministry of Industry and Trade. Baodautu.vn reported that the Ministry of Industry and Trade (MoIT) has recently issued Decision No. 281 which prescribes the prices for power generation prices in 2019. These are used to negotiate power purchase agreements between the state-run group Vietnam Electricity and power generation entities. Accordingly, the ceiling generation price for thermal power plants fueled by imported coal and designed with a net capacity of 1x600 MW is at VND1,896.05 per kWh. Meanwhile, the price for standard coal-fired power plants with a net capacity of 2x600 MW stands at VND1,677.02 per kWh. The 2019 power generation prices have been calculated on the basis of net fuel consumption rates of 0.478 kg per kWh applied to the net capacity of 1x600 MW and 0.474 kg per kWh for the capacity of 2x600 MW. Other indicators include the higher heating value (HHV) of 4.797 kcal/kg, the price of imported coal, which stands at VND1,737,978 … [Read more...] about New prices announced for coal-fired power generation
Vietnam model for direct renewable power purchase agreement to be ready soon
A report released at the Vietnam Business Forum (VBF) Tuesday quoted Le Anh Duc of the Electricity Regulatory Authority of Vietnam (ERAV) as providing this assurance. It will be an agreement (DPPA) between an electricity producer and a corporate customer for power to be sold and delivered to the latter for its operation. It is aimed at encouraging development of renewable energy. Currently independent power producers sell their electricity to the state-run Vietnam Electricity (EVN), which is also the monopoly distributor. DPPA has been hot a topic on the agenda for the last two years, and has attracted enormous interest among potential private power producers and energy consumers like Coca-Cola, Heineken and Unilever, who would like their energy sources to be greener to fulfill their global environmental commitments. "Based on the advice of our consultants, ERAV will undertake preparatory work like determining the regulations that need to be amended or supplemented, and report to the … [Read more...] about Vietnam model for direct renewable power purchase agreement to be ready soon
Vietnam encourages investment in power generation: Deputy PM
Deputy PM Trinh Dinh Dung has affirmed the Vietnamese government’s policy of encouraging large and experienced investors to become involved in power generation projects in Vietnam while receiving a senior AES official on August 23. Deputy PM Trinh Dinh Dung and AES Executive Vice President Bernerd Da Santos - Image: VGP At a reception for Bernerd Da Santos, Executive Vice President and Chief Operating Officer of the US power company AES, Deputy PM Dung said he highly valued its construction and operation of the Mong Duong II Power Plant. He also appreciated AES’s proposal for cooperation in developing energy and power sources, noting that Vietnam’s demand for electricity to power its production and development is growing and requires huge investment and advanced technology to meet environmental protection standards. Deputy PM Dung stated that thermal energy will play a major role in Vietnam’s power structure since most of the hydropower resources have … [Read more...] about Vietnam encourages investment in power generation: Deputy PM