Electricity of Vietnam (EVN) has recently reported its performance for the first eight months of this year whereby in August alone, the electricity output of the whole system reached 9.861 billion kWh, of which, hydropower accounted for 47.13%, coal-fired thermo power plants made up 14.82% and 34.62% contributed by gas-fired thermo power plants. Also in [...]
This month will see the resumption of working-level discussions between Japan and Vietnam concerning the construction of a nuclear power station in Vietnam, which has unofficially awarded the contract for the facility to Japan. Both sides are adjusting schedules with a view to holding a meeting on September 8 or 9, and are expected to [...]
AES has closed on its $1.5bn long-term non-recourse construction financing for its 1,200MW Mong Duong II coal-fired power plant located in the Quang Ninh province of Vietnam. According to the company, 12 commercial banks and two Korean government export credit agencies participated in the transaction. AES holds a 51% equity ownership interest in the $1.95bn [...]
The massive construction of hydropower projects in Vietnam has sparked environmental fears. Deputy Minister of Science and Technology Nghiem Vu Khai said it was time the rapid development of hydropower projects in Vietnam was reviewed. “These projects are often said to generate clean energy. But, many countries have opposed these types of projects,” he said. [...]
In the past month, Vietnam has experienced an extraordinary raft of investment in major energy projects. The government has in recent years been very open to foreign capital and has already developed a strong banking sector. In the past month, Vietnam has experienced an extraordinary raft of investment in major energy projects. The government has [...]
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