HCM city Power Corporation (EVNHCMC) reported that in Jan-July, the city saved over 232.8 million kWh of electricity cost, equalling to 325.7 billion dong. The saved volume of electricity accounts for 2.73% of electricity consumption (more than 8.513 billion kWh) in the period. In which, the city saved 46.50 million kWh in public lighting electricity, [...]
HCM City plans to promote strongly the development of renewable energy over the next decade. The municipal Department of Industry and Trade has completed a power development plan up to 2015 with a vision to 2020, in which particular focus is given to the wind and solar power generation, as well as generating power from [...]
Unlike the previous years, in the first seven months of 2011, the Electricity of Vietnam (EVN) did not buy all the electricity volume offered by domestic independent power producers (IPP). However, it still purchased power from BOT (build-operation-transfer) investors and from China in accordance with the signed contracts. Who are the priority sellers? The Vietnam [...]
Saigon Asset Management Corp., which last month announced it’s starting Vietnam’s first distressed- assets fund, plans to raise $300 million for an energy fund that would be the country’s largest. Saigon Asset Management is reviewing about a dozen thermal and hydropower projects in Vietnam that its energy fund might invest in, as well as developments [...]
Power companies belonging to PetroVietnam and the Vietnam Coal and Mineral Industries Group (Vinacomin) have complained that they have to cut down production because the Electricity of Vietnam, the only buyer, has decreased the volume of electricity mobilized from the sources. Nguyen Thi Ngoc Bich, Deputy General Director of PV Power, a subsidiary of PetroVietnam, [...]
Electrical Power Plan 7, the latest version of national power planning, has addressed almost all problems of the previous scheme. A national plan for electrical power development in 2011-2020 with a consideration toward 2030 was ratified by the Prime Minister late last month. Shortly called Electrical Power Plan 7, the scheme is expected to remarkably [...]
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