There are increasing signals that the long-stalled multi-billion dollar Block B gas project offshore Vietnam could finally start making progress again this year.
The latest draft of Vietnam’s 8th Power Development Plan (PDP8) shows increased intentions to move away from coal-fired power and toward renewables and natural gas during the next decade, even as the country seeks to keep up with rapid demand growth.
Vietnam is set to cut up to 1.74 billion kilowatt-hours of renewable energy in the second half this year to deal with national grid overload.
All it will take is VND1 million ($43) per person per year for Vietnam to get its entire power supply from nuclear plants.
The 35 megawatt Hau Giang Solar Power Plant began operating Friday in the eponymous province, becoming the first of its kind in the locality.
Vietnam will need $320.6 billion investment capital for the development of its power network between now and 2045, according to a draft power development plan released by the Ministry of Industry and Trade (MoIT).
To deal with a looming power shortage, Vietnam has turned to US investors rather than China’s regional infrastructure investment programme. Cleaner energy, rising anti-China sentiment and less risky investment are among Hanoi’s considerations, as is balancing Beijing in the South…
Mitsubishi Corp. and megabanks explain that Vung Ang 2 will boost livelihoods
As elsewhere, Vietnam’s increasing reliance on energy imports has driven its green energy push.
The development process for ground-mounted utility scale solar projects in Vietnam is laborious, time-consuming, expensive and still largely difficult to navigate for foreign developers without entering a strategic partnership, in whatever form, with a local Vietnamese counterpart.
Several foreign and domestic companies have expressed interest in building multibillion-dollar liquefied natural gas power and storage plants in the central province of Khanh Hoa.
An announcement celebrating the completion of a gas pipeline spanning more than 3,600km through six ASEAN countries, including Vietnam, was made at the 38th ASEAN Ministers on Energy Meeting (AMEM) in Hanoi on Thusday.
Ho Chi Minh City-based construction company Trungnam Group said its army of laborers took just 45 days to perform site clearance for a project which took shape within 102 days.
Data from the Ministry of Industry and Trade shows Vietnam will sharply increase imports of coal, gas and primitive energies to meet development needs from now to 2030.
Vietnam needs $133.3 billion over the next decade for building new power plants and expanding the grid to meet the growing demand for electricity.
Vietnam Electricity (EVN) will face increasing financial difficulties in the coming years as its payment obligations to independent power projects keep rising.
Coal-fired power will remain a key energy source for Vietnam for several decades to come despite the boost in renewables, senior officials say.
With its energy deficit rising every year, several experts are advising Vietnam to reconsider the shelved nuclear power program.
Vietnam’s energy consumption will continue to grow as the economy recovers from the pandemic-induced downturn. Tight deadlines will make it difficult for investors to benefit from revised feed-in-tariffs, but new investment mechanisms are being considered. Other challenges regarding infrastructure and…
Vietnam’s Communist Party leadership has instituted a top-down reform of the country’s electricity sector in response to the need to shift away from coal and its growing list of associated problems.
Vietnam is showing promising early signs of emerging as a major solar produce
Electricity consumption capacity in Vietnam recorded an all-time high of 38,800 MW on Tuesday, according to Vietnam Electricity Corporation (EVN).
Vietnam could become a future global leader in offshore wind energy generation, after recent analysis showed the country has vast potential along its 3,000 kilometre coastline.
Renewable energy is a fast-growing sector in Asian countries, broadly, and Vietnam could benefit from investment in the sector.
The Danish Energy Agency is supporting the Vietnamese authorities on efforts to help kick-start the sector
Fast-growing economy needs to diversify away from coal, with gas expected to play a bigger role.