The push to secure coal-fired power comes as Việt Nam faces mounting risks of electricity shortages, particularly in the industrialised north, where demand is rising and major generation and transmission projects have fallen behind schedule.
The proposed restructuring would separate electricity generation, transmission, distribution and retail, according to Bùi Quốc Hùng, deputy head of the ministry''s Electricity Authority of Vietnam.
Deputy Prime Minister Bùi Thanh Sơn at a conference on Thursday asked strict penalties to be raised against developers of stagnant power projects to prevent setbacks from threating the national energy security.
To meet the electricity demand with a growth rate of about ten per cent each year, the annual investment volume in power sources and grids must reach US$7.6 billion.
Fourteen wind power projects have been approved for investment in the southernmost province of Cà Mau so far this year. They will have a combined capacity of 800 MW and are part of the province''s renewable energy plans that envisage having...
The La Gàn Wind Power Development Corporation has signed two contracts to carry out surveys for possible wind power projects in Viet Nam worth several million US dollars.
Viet Nam needs US$150 billion to invest in power projects in the next 10 years, equal to half the country’s current gross domestic product (GDP), which raises demand for international financing.