Vinacomin seeks to add losses to power generation costs The Saigon Times Daily HCMC - Vietnam National Coal and Mineral Industries Group (Vinacomin) has sought the Ministry of Industry and Trade’s nod to put all losses caused by the volatile exchange rate between Vietnam dong and the U.S. dollar this year into the costs of electricity generation. Speaking at a meeting of the ministry in Hanoi on September 3, Vinacomin’s deputy general director Vu Anh Tuan said the group had incurred total losses of some VND1.2 trillion (around US$53.4 million) due to the exchange rate volatility. The group wants to add such losses to the costs of its electricity in line with the ministry’s Circular 56/TT-BCT. “We request the ministry to consider allowing us to either add the losses to the production costs of electricity or reduce or delay tax payments for us,” Tuan was quoted by VietnamPlus as saying at the meeting. Vietnam National Oil and Gas Group (PVN) did not … [Read more...] about Vinacomin seeks to add losses to power generation costs
India power sector
Boosting international cooperation in power loss reduction
Vietnamese representatives working in the power sector, together with experts coming from Japan, India, Malaysia and the Philippines, joined a technical workshop held on September 7th-8th on power loss reduction. The technical workshop, aiming to share experience and increase international cooperation on reducing loss in power system, was held by the Electricity of Vietnam (EVN), International Copper Association - South East Asia (ICA-SEA) and the Vietnam Electricity Association on September 7th-8th. According to Ngo Son Hai, EVN Vice General Director, EVN is now managing and operating the whole national grid with over 40,000 kilometres of transmission line and over 440,000 kilometres of middle- and low-voltage lines. Over the past years, EVN has made efforts to provide sufficient power for socio-economic development while carrying out diverse solutions to increase the quality of power and reduce power loss from 10.15% in 2010 to 7.94% in 2015. EVN is looking toward reducing power … [Read more...] about Boosting international cooperation in power loss reduction
A message from the Ambassador of India
Viet Nam News On the occasion of India's 70th Independence Day today (August 15), Việt Nam News presents an article written by the Ambassador of India to Việt Nam, Parvathaneni Harish. India celebrates National Day Today, on 15th August 2016, India celebrates its 70th year of independence. It was on this day in 1947 that India achieved its independence after a long and valiant struggle against colonial rule, uniquely characterized by non-violence and civil disobedience. This month also marks the 75th anniversary of the "Quit India" movement against the British launched by the Father of our nation, Mahatma Gandhi, in 1942. The traditionally close relations between India and Việt Nam in recent times have their roots in our freedom struggle led by our founding fathers, Mahatma Gandhi and Hồ Chí Minh. However, our civilisational relationship spans over 2000 years as the advent of Buddhism to Việt Nam and the remnants of the Hindu Champa civilisation in Việt Nam stand testimony. Our … [Read more...] about A message from the Ambassador of India
As India and Pakistan spar, China gains influence in South Asia
For a senior Afghan diplomat sitting in India’s capital, it’s easy to explain how a region with a quarter of the world’s people can account for only five percent of global trade. “India and Pakistan need to overcome their problems,” M. Ashraf Haidari, deputy chief of mission at Afghanistan’s embassy in New Delhi, said in an interview ahead of this week’s meeting of the South Asian Association for Regional Cooperation, or SAARC. “Summits happen, leaders come, there’s all this consensus and declarations announced. But unfortunately it doesn’t happen in reality.” As leaders of eight SAARC countries meet in Nepal this week, Indian Prime Minister Narendra Modi has more reasons than ever to turn the bloc into a regional force to counter China’s growing influence in South Asia. Doing so will require him to overcome differences with Pakistani leader Nawaz Sharif. So far, things aren’t looking good. Modi’s … [Read more...] about As India and Pakistan spar, China gains influence in South Asia
U.S.-India nuclear “breakthrough” could be finalized within year
A "breakthrough understanding" to open India's nuclear power sector to U.S. firms reached during President Barack Obama's visit to New Delhi last month could be finalized this year, Indian officials say. The Jan. 25 announcement by Obama and Indian Prime Minister Narendra Modi followed six weeks of intensive talks, but few details were released beyond a framework based on India's acceptance of the principle that plant operators should bear primary liability in the event of a nuclear disaster. Significant work remains on the fine print of a deal aimed at unlocking projects worth tens of billions of dollars that have been stuck the drawing board for years. India wants to nearly treble its installed nuclear capacity, which would make it the world's second biggest market after China. U.S. officials say details of an insurance scheme to protect suppliers from crippling lawsuits need to be thrashed out and India still has to ratify a U.N. nuclear convention. Indian officials do not rule out … [Read more...] about U.S.-India nuclear “breakthrough” could be finalized within year