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Vietnam Energy Forum

High increasing LNG price affects the gas power development in Vietnam

High increasing LNG price affects the gas power development in Vietnam
The Power Development Planning VIII (PDP in period 2021 - 2045) proposes developing LNG power projects to gradually reduce dependence on coal-fired power projects for their flexibility as changing capacity in the load demand and emitting only 50% CO2 amount in comparison with the coal-fired thermal power plant (CTPP), 70% compared oil-fired thermal power plant of the same capacity, reducing 90% NOx, not emitting dust and operating at a capacity factor of 90 %.
Signing a credit agreement for the project of the Southern distribution network

Signing a credit agreement for the project of the Southern distribution network

On March 28, 2022, in Hanoi, Electricity of Vietnam (EVN) and the French Development Agency (AFD) held a ceremony for signing a credit agreement for a preferential loan without a government guarantee valued 80 million Euros for the Southern distribution grid project invested by Southern Electricity Corporation (EVNSPC).
EVN and the Department of  National Remote Sensing signed a cooperation agreement

EVN and the Department of National Remote Sensing signed a cooperation agreement

On March 17, 2022, in Hanoi, Electricity of Vietnam (EVN) and the Department of National Remote Sensing (DNRS), Ministry of Natural Resources and Environment held a signing ceremony for a cooperation agreement on applying image data, remote sensing products into survey, design consultancy, investment and construction activities of power projects, management, operation and monitoring of power systems, serving to build digital data platform of EVN.
Signing EPC contract for Nhon Trach 3 and 4 power projects

Signing EPC contract for Nhon Trach 3 and 4 power projects

On March 14, in Hanoi, PetroVietnam Power Corporation (PV Power) and the consortium of contractors (Samsung C&T Corporation), Vietnam Machinery Erection Corporation (Lilama) held a ceremony for signing the Engineering –Procurement – Construction (EPC) Contract for Nhon Trach 3 &4 power plants and other relevant agreements.
Construction of Vinh Hao 220kV transformer substation and connection line

Construction of Vinh Hao 220kV transformer substation and connection line

On March 6, in Binh Thuan province, Power Project Management Board 2 coordinated with contractors to organize the construction of Vinh Hao 220 kV transformer substation and a connection line.
First igniting for unit 1 of Thai Binh 2 Thermal Power Plant

First igniting for unit 1 of Thai Binh 2 Thermal Power Plant

On the morning of 23 February 2022, Deputy Prime Minister (DPM) Le Van Thanh came to check the progress of the Thai Binh 2 Thermal Power Project (TPP). DPM welcomed the important milestone of the Thai Binh 2 TPP as the first igniting and considered that this is an important milestone for the project to finish in 2022.
EVNNPT started a groundbreaking for the two urgent power transmission projects in the Northwest Region

EVNNPT started a groundbreaking for the two urgent power transmission projects in the Northwest Region

On February 22, in Yen Bai province, the National Power Transmission Corporation (EVNNPT) and Project Management Board of Central Power Projects (CPMB) deployed to construct the two urgent transmission projects in the Northwest Region including Huoi Quang - Nghia Lo 220 kV transmission line; Nghia Lo 220 kV transformer substation and 220 kV transformation line from Nghia Lo to 500 kV Viet Tri transformer substation.
Inaugurating the  Unit 1 of Nghi Son BOT Thermal Power Plant 2

Inaugurating the Unit 1 of Nghi Son BOT Thermal Power Plant 2

On the morning of February 10, 2022, Nghi Son 2 Electric Co., Ltd. in coordination with the investor, Korea Electricity Corporation (Kepco) and Marubeni Group, Tohoku Company (Japan) held the inauguration ceremony of unit No. 1 of Nghi Son BOT Thermal Power Plant 2.
Signing EPC contract for 220kV Vinh Hao transformer substation and connection line

Signing EPC contract for 220kV Vinh Hao transformer substation and connection line

On February 9, in Hanoi, Power Project Management Board 2 held a signing ceremony for the contract of EPC package No. 3 for 220 kV Vinh Hao transformer substation and connection line.
Samsung C&T and Lilama are general contractors for Nhon Trach 3 and 4 power projects

Samsung C&T and Lilama are general contractors for Nhon Trach 3 and 4 power projects

The Nhon Trach 3 and 4 Power Projects were approved by the Prime Minister for investment policy, appraised by the Ministry of Industry and Trade (MOIT) for basic designs, decided by PV Power for investment and managed by the Power Management Board for project development implementation.
Development strategy to 2030 for EVN to become a strong and sustainable economic Group

Development strategy to 2030 for EVN to become a strong and sustainable economic Group

According to the Development Strategy of the Electricity of Vietnam (EVN) to 2030, with a vision to 2045 approved by the Prime Minister in Decision No. 538/QD-TTg dated April 1, 2021, EVN will develop into a strong, sustainable and effective economic Group.
EVN ranks second in Vietnam’s top 500 largest enterprises in 2021

EVN ranks second in Vietnam’s top 500 largest enterprises in 2021

This is the result having just been announced and honored by Vietnam Report Joint Stock Company (Vietnam Report) in coordination with Vietnam Net online newspaper on the list and rank of Vietnam’s 500 largest enterprises in 2021.
Starting the technical constituent of Hai Lang LNG Power Center

Starting the technical constituent of Hai Lang LNG Power Center

On January 15, 2022, Quang Tri Provincial People's Committee and investor consortium, including T&T Group and the Korean Hanwha Energy Joint Stock Company - HANWHA, South Korea Electricity Corporation- KOSPO and Korea Gas Corporation - KOGAS officially started the technical constituent of 1500 MW phase 1 Hai Lang LNG Power Center in Quang Tri province.
Approving the plan for the electricity market operation in 2022

Approving the plan for the electricity market operation in 2022

The Electricity Regulatory Authority (Ministry of Industry and Trade) has just issued Decision No. 98/QD-DTDL dated December 31, 2021 on approving the plan for the electricity market operation in 2022.
Making every effort to complete the 220kV Kien Binh - Phu Quoc transmission line

Making every effort to complete the 220kV Kien Binh - Phu Quoc transmission line

On the morning of December 29, 2021, the Southern Electricity Corporation (EVNSPC) and construction units started to pull the conductors for across the sea of the 220 kV Kien Binh - Phu Quoc transmission line, one of the national key projects to strengthen the electricity supply for Phu Quoc city (Kien Giang province).The project with a total length of 64.7 km and investment of 2,212 billion VND.
Signing power purchase agreement for Ca Mau 1 and 2 power plants

Signing power purchase agreement for Ca Mau 1 and 2 power plants

On December 15, 2021, in Hanoi, PetroVietnam Power Corporation - JSC (PV Power) and Vietnam Electricity (EVN) signed a Power Purchase Agreement (PPA) for Ca Mau1 and 2 Power Plants 1 and 2.
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