Electricity

The investor consortium including Vietnam Truong Thanh Group Joint Stock Company (TTVN Group) and Japan Tokyo Gas and Kyunden Company had just held the launching ceremony of Thai Binh LNG Gas Power Joint Stock Company (in Thai Do commune, Thai Thuy district, Thai Binh Province). Previously.

On January 28, Prime Minister (PM) Pham Minh Chinh chaired an online meeting with ministries, agencies and 9 provinces to promote the implementation progress of 500 kV 3-circuit line projects from Quang Trach (Quang Binh province) to Pho Noi (Hung Yen Province) with the requirement: "Definitely the latest (June 30, 2024) to complete the project."

On January 22, 2024, in Thai Binh, The Electricity of Vietnam (EVN), National Power Transmission Corporation (EVNNPT) had a working session with the Thai Binh Provincial People's Committee on power supply and investment in the construction of power projects in Thai Binh province, with the center on the 500 kV circuit 3 line project (Nam Dinh 1 thermal power plant - Pho Noi section). At the meeting, Thai Binh province committed to ensuring the progress of handing over the project's foundation locations (in February) and route corridor (in March 2024) as requested by EVN and EVNNPT.

Under the Government's authorization, on January 16, 2024, Minister of Finance Ho Duc Phoc presented a report to the National Assembly on capital allocation for public investment projects.

The Government has just issued Decree 02/2024/ND-CP on transferring power projects as public assets to the Electricity of Vietnam (EVN). Below are some regulations on electrical projects as the public assets and conditions for the projects to be transferred and the order and procedures for transferring electrical projects of this Decree:

On the morning of December 28, 2023 in Hanoi, the joint venture contractor Construction Corporation No. 1 - JSC (CC1) - DR.AZ Group Co., Ltd. (DR China) and subcontractors officially signed an EPC contract for Na Duong 2 Thermal Power Project (by the Investor as Vinacomin Electricity Corporation - Joint Stock Company).

One of the three most prestigious credit rating organizations in the world - Fitch Ratings has raised the long-term issuer default rating (IDR) of the Electricity of Vietnam (EVN) and 6 member units from "BB" to "BB+"(stable outlook). Specifically, 6 member units of EVN were evaluated including:

The Ministry of Industry and Trade (MOIT) has just issued Decision No. 3110/QD-BCT to approve the Plan for Power supply and operation of the national electricity system in 2024.

Hanoi City People's Committee has just issued a Decision to approve the investment policy, and the investor for the Ung Hoa 220kV transformer station project and connection. The Hanoi City People's Committee selected the National Power Transmission Corporation as the Investor of the project.

The Ministry of Transport has just issued a document to agree on the policy of planning a floating warehouse to receive 150.000 tons of LNG in the Tra Ly coat for the Thai Binh LNG Power Center with the proposal of the Thai Binh Provincial People's Committee.

On November 30, 2023, the Committee for Management of State Capital at Enterprises issued Decision No. 695/QD-UBQLV appointing Mr. Nguyen Anh Tuan, EVN HANOI Chairman for the General Director of EVN (from December 1, 2023).

In Vientiane Capital, Phongsubthavy Group Sole Co., Ltd (of Laos), together with a consortium of contractors, headed by Construction Joint Stock Company 47 (C47) and Power Construction Consulting Joint Stock Company 3 (PECC3) has just signed and awarded an EPC contract (design, supply, installation of hydraulic mechanical equipment and construction) of Nam Neun 1 Hydropower project. The total contract value is 184 million USD.

On behalf of the Prime Minister, Deputy Prime Minister Le Minh Khai has just signed a document sent to the Minister of Industry and Trade (MOIT) and Electricity of Vietnam (EVN) Chairmen on transferring BOT Power Plants as Phu My 3 (BOT contract term will expire on March 1, 2024) and Phu My 2.2 (BOT contract term will expire on February 4, 2025).

In Hanoi, Deputy General Director of Electricity of Vietnam (EVN) Vo Quang Lam just had a meeting with the Asia-Pacific Regional Director of Electricity of France (EDF) International Networks, Mr. Lionel Besombes about the possibilities of cooperation in the electricity transmission and distribution. The meeting was connected online to the EDF representative point in the French Republic.

At the headquarters of the Ministry of Industry and Trade (MOIT), Minister of Industry and Trade Nguyen Hong Dien just had a working meeting with the Vice President of the World Bank - WB (East Asia - Pacific region) - Ms. Manuela V. Ferro.