It has been 18 months since PV Power completed its equitisation, raising expectations to implement large-scale projects, including Nhon Trach 3 and 4 thermal power plants. However, the date for the construction of these two projects is still uncertain. PV Power has made no progress on Nhon Trach 3 and 4 thermal power projects According to Ho Cong Ky, chairman of the board of directors of PV Power, the company has being preparing for the construction of two projects, namely Nhon Trach 3 and 4 thermal power plants located in Ong Keo Industrial Zone (IZ) in the southern province of Dong Nai. To date, the government approved the investment planning and pre-feasibility study report of Nhon Trach 3 and 4. PV Power is selecting the contractor for building the feasibility study (FS). “PV Power targets to complete the FS in this year in order to submit it to the board of directors and seek approval from the shareholders' meeting. Besides, the company expects to take Nhon Trach 3 … [Read more...] about PV Power silent about Nhon Trach 3 and 4 thermal power projects
Udupi power project
Thai investors beam capital into solar power projects in Vietnam
Illustrative image (Photo: VNA) Hanoi (VNA) – Thai firms are stepping up investment in renewable energy projects in Vietnam, particularly solar power, through merger and acquisition (M&A) deals. B.Grimm Power Pcl has registered to invest 216.7 million USD in the Hoa Hoi solar power project in the central province of Phu Yen, the fourth largest foreign-invested project in Vietnam so far this year. Vo Cao Phi, Director of the provincial Department of Planning and Investment, said this will transform the share structure of B.Grimm Power Pcl and Vietnam’s Phu Yen TTP JSC. Last year, the Thai group spent 32.5 million USD buying up to 80 percent of stake at Phu Yen TTP JSC – the investor of the 257 MW plant in Phu Yen, which is expected to be put into operation in June 2019. In April 2019, the Export-Import Bank of Thailand (EXIM Thailand) also extended 65 million USD in credit to Eastern Power Group Pcl and Communication & System Solution Pcl to finance … [Read more...] about Thai investors beam capital into solar power projects in Vietnam
Solar power projects rush to make operation deadline
(VEN) - The Vietnam Electricity (EVN) is trying to test and license 98 solar power projects by a June 30 deadline, a goal that is placing heavy pressure on the capacity of the state-owned power company. A conference on preparations for the operation of solar power plants June 30 is the deadline for solar power projects to connect to the grid in order to enjoy a feed-in tariff (FIT) of 9.35 cents per kilowatt-hour for a period of 20 years. Investors are intensifying their efforts to meet the project requirements in order to enjoy the lower price fixed under Prime Ministerial Decision 11/2017/QD-TTg. The testing and licensing of nearly 100 solar power projects in little more than two months are expected to challenge the units operating and managing the power system. At a conference on preparations for the operation of solar power plants, a representative of the National Load Dispatch Center of Vietnam said solar power capacity fluctuates across the seasons of the … [Read more...] about Solar power projects rush to make operation deadline
French bank named financial adviser for Ke Ga wind power project
The Ke Ga offshore wind power project is expected to have total capacity of 3,400MW, making it the world’s biggest project of its kind at present (Illustative photo: VNA) Hanoi (VNA) – French bank Société Générale has been chosen to be the financial adviser for the initial phase of the Ke Ga offshore wind power project – the world’s biggest project of its kind at present. An agreement on this effect was recently inked between the UK’s Enterprize Energy – the project’s investor – and Société Générale. The Ke Ga offshore wind power project is planned to cover 2,000sq.km. of water surface about 20 – 50km from the coast of the south central province of Binh Thuan. It is expected to have total capacity of 3,400MW. Founder and Chairman of Enterprize Energy Itan Hatton said to help accelerate the provision of low-cost energy from offshore wind power for Vietnam, his firm has invited … [Read more...] about French bank named financial adviser for Ke Ga wind power project
Quang Tri: Over 225 mln USD to be invested in wind power projects
Illustrative image (Source: VNA) Quang Tri (VNA) - The authorities of the central province of Quang Tri has approved plans to develop wind power projects in the locality with a total investment of 5.24 trillion VND (over 225.3 million USD). Accordingly, the provincial People’s Committee allowed Huong Phung Wind Power Company Limited to invest in the 30MW Huong Phung 3 wind power plant on an area of 9 hectares in Huong Phung commune, Huong Hoa district. The project has a total investment of over 1.58 trillion VND. Meanwhile, GELEX Quang Tri Energy JSC has been licensed to build GELEX 1, 2 and 3 wind power plants, with a capacity of 30 MW each. With a combined investment of 3.66 trillion VND, the projects will cover about 24 hectares in Huong Hoa and Dakrong districts. All the four projects will be implemented from 2019-2021, with an operation duration of 50 years. In recent time, Quang Tri has attracted many strategic investors who have potential in capital and technology … [Read more...] about Quang Tri: Over 225 mln USD to be invested in wind power projects
Wind power projects await approval
Wind power projects await approvalThe Saigon Times Daily A wind farm is located in the south-central coastal province of Binh Thuan – PHOTO: TL HCMC – The Ministry of Industry and Trade has repeatedly asked other ministries and agencies to gather their feedback on proposals by some local governments and investors to add their wind power projects to the revised national master plan for power development. The industry ministry has sent numerous statements to the relevant ministries such as planning-investment, finance, natural resources-environment and defense over wind power projects, according to a report by Thanh Nien newspaper. The most notable is that the People’s Committee of Bac Lieu Province in southern Vietnam has proposed the industry ministry list a wind power plant complex at a designed capacity of 608 MW into the national master plan. The provincial government has also urged the ministry to consider three other plants whose combined capacity … [Read more...] about Wind power projects await approval
More Chinese contractors buy solar power projects in Vietnam
VietNamNet Bridge - More and more solar power projects have kicked off in Vietnam, especially in the central region, by Chinese contractors. More than 120 solar power projects have been added to the national power development plan Power China, for example, won the bid to become EPC (engineering, procurement, construction) contractor of the Vinh Tan 2 Solar Power Plant, belonging to Vinh Tan 2 Solar Power project implemented under the joint name of Sinohydro Corporation Ltd and Power China Kuming Engineering Corporation Ltd Consortium. It also got involved in the DMS-8 package on the design, supply, installation and testing of photoelectric equipment of Da Mi Solar power plant and a package deal at Song Bun 4 hydropower plant in Quang Nam province. More and more solar power projects have kicked off in Vietnam, especially in the central region, by Chinese contractors . According to Pham Pho, former rector of the Sai Gon Economics & Polytechnic Junior College, … [Read more...] about More Chinese contractors buy solar power projects in Vietnam
Bac Lieu refuses thermal power project
The Mekong Delta province of Bac Lieu has rejected the proposed Cai Cung thermal power plant project in a bid to protect the environment for high-tech shrimp farming. (Source: VNA) Bac Lieu (VNA) – The MeKong Delta province of Bac Lieu has rejected a project to build Cai Cung thermal power plant, saying that it wants to become a national centre of renewable energy and a large producer of shrimp farming. The Japanese-invested project was expected to improve Bac Lieu’s gross domestic product (GDP) rapidly, just as existing Duyen Hai thermal power plant has done in the neighboring province of Tra Vinh, experts said. Since the Duyen Hai thermal power plant began operation, Tra Vinh province’s GDP has increased from 6 percent to 12 percent. Duong Thanh Trung, Chairman of Bac Lieu province’s People’s Committee, said that, even with the latest technology and equipment, the plant would have caused environmental problems as it would require a big area for … [Read more...] about Bac Lieu refuses thermal power project
Thai company pours $1.76 billion into Vietnamese wind power projects
Thailand’s largest solar energy company, Superblock Pcl., plans to invest $1.76 billion to install 700 megawatts (MW) of wind farms in Vietnam. Vietnam currently has a wind power capacity of 140MW and is planning to reach 6,000MW by 2030The first phase of the investment will cost about $650 million and consist of three near-shore farms with 142MW of capacity in Bac Lieu, 98MW in Soc Trang, and 100MW in Ca Mau province, all in southern Vietnam.The second phase (360MW) will also be built in these three provinces and construction will begin when the first phase concludes.Jormsup Lochaya, chairman of Superblock Pcl. said that the construction of these projects has already begun and expects the sites to be operational by 2020.Vietnam’s population is very young and the growing economy and industries will increase power consumption by 10 per cent annually, making it an important market.“Ho Chi Minh City and Hanoi have similar problems and Vietnamese people want clean and … [Read more...] about Thai company pours $1.76 billion into Vietnamese wind power projects
Gazprom to construct gas-to-power project in Quang Tri
Representatives of Gazprom International and Quang Tri People’s Committee discuss the plan of buiding a gas-to-power project in the province. — Photo baodautu.vn Russia’s Gazprom International hopes that in 2018, the central province of Quang Tri will continue to create favourable conditions for a gas-to-power project. This project, the company said, will contribute to the socio-economic development of the province. Kovtun Andray, head of Gazprom International’s representative office in Viet Nam, revealed this at a recent meeting with the provincial People’s Committee (PPC). He also expressed gratefulness to the province for supporting and creating favourable conditions for Gazprom International to carry out the project of exploiting and operating the gas-to-power plant in the southeast Quang Tri Economic Zone. Nguyen Quan Chinh, PPC’s vice-chairman, highly appreciated that Gazprom International had proceeded with the steps and determination to … [Read more...] about Gazprom to construct gas-to-power project in Quang Tri