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German group pledges to fund wind power project in Soc Trang

The German Enercon Industries Corporation has pledged to arrange funding and supply equipment for a wind power project in the Mekong Delta province of Soc Trang. The project, projected to cost 1 billion EUR and have a design capacity of 2,600MW, is part of the province’s wind power development plan. …

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USTDA helps develop wind power in Vietnam

The US Trade and Development Agency (USTDA) has approved nearly US$288,000 in non-refundable official development assistance (ODA) for a technical assistance project to develop wind power in Vietnam from now until August 2014. The project will contribute to evaluating the effect of integrating the wind power into the national electricity …

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Ninh Thuan to house another wind power project

The south-central coastal province of Ninh Thuan has approved in principle a project to produce wind power that will be undertaken by the Vietnam Electricity Investment and Construction Joint Stock Company (EVNIC). The project using Russian technology will have a total designed capacity of 40.5MW, according to EVNIC General Director …

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Power sector set for FDI inflow

A new wave of foreign direct investment (FDI) is expected to flow into Vietnam’s power sector to meet the country’s high electricity demand which local power plants have been struggling to meet. According to Tata Power, a subsidiary of the Indian Tata Group, the company has gained a Vietnamese Government …

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Nervousness over power supply levels

Early sunshine from early March in northern regions and a drought in many central and Central Highland regions have cast growing power supply pressures in 2013. According to Electricity of Vietnam (EVN), early calculations put average power consumption in March at 355 million kWh per day. In fact, consumption reached …

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MOIT lends a hand to EVN to raise electricity price

The retail electricity price may increase continuously, which would put a heavy burden on households and businesses, since the Ministry of Industry and Trade (MOIT) plans to give more power to the Electricity of Vietnam (EVN) in defining the electricity price. MOIT has caused a shock to the public by …

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Power project faces financial snafu

Kien Luong thermoelectricity centre, to be one of Vietnam’s largest power centres, remains on paper as its investor faces financing troubles. According to the government’s electricity master plan to 2020, the first phase of Tan Tao Group-backed Kien Luong thermoelectricity centre in southern Kien Giang province will start commercial operations …

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Vietnam, Germany hold seminar on energy policy

A seminar on energy policy for the 21st century and challenges to Vietnam and Germany was held in Hanoi on March 7. The event was co-organised by the Central Institute for Economic Management (CIEM) and Germany’s Friedrich-Ebert-Stiftung (FES) institute during a visit by Dr. Matthias Machnig, Minister for Economy, Labour …

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France loans local power projects

The French Development Agency (AFD) and the Vietnamese Ministry of Finance recently reached an agreement on a loan of EUR75 million for a project to build the Pleiku-Cau Bong transmission line. The project is financed by the AFD and the Asian Development Bank (ADB). In the morning of February 7th, …

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Vietnam needs 133 bln kWh of power in 2013

Vietnam plans to generate and import over 133.4 billion kWh of electricity in 2013, a year-on-year increase of 11 percent, to meet national demand. The plan, recently approved by the Ministry of Industry and Trade, aims to ensure a stable supply of power in 2013. Vietnam will import 3.7 billion …

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