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In order to speed up the procedures for deploying investment in developing power projects (power plants and grids) for electricity importation from Laos to Vietnam, recently Electricity of Vietnam (EVN) directed a mission of EVN National Power Transmission (EVN NPT) headed by Mr. Nguyen Tuan Tung, NPT chairman to have working meeting with a number of the investors of power projects in Laos.

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.

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.

Information from the Vietnam Oil and Gas Group (PVN) said: The investment management activities of PVN in recent times had many positive evolutions. Besides putting oil and gas fields into operation as planned, the progress schedules of the power projects (Song Hau 1 – 2x600 MW, Thai Binh 2 – 2x600 MW) were also accelerated.

On October 4, in Hanoi, PetroVietnam Power Corporation - JSC (PV Power) held a signing ceremony to appoint a consortium for arranging and coordinating capital mobilization for Nhon Trach 3 & 4 power projects.

The future of Petrovietnam Power Corporation - JSC (PV Power) is facing a challenging period, determined by the success or failure of investment in new projects.

At the meeting with PetroVietnam Power Corporation (PV Power) and Tin Nghia Corporation on cleaning the plan ground for Nhon Trach 3 and 4 power projects, Chairman of Dong Nai Provincial People's Committee (PPC) agreed to let PV Power sign a lease directly with the government agency.

At the present, the situations on implementing Vung Ang 2, Nam Dinh 1, Vinh Tan 3 and Song Hau 2 Build – Operate –Transfer (BOT) projects will be officially signed in the third quarter of 2020.

The Party Staff-Member Board of Ministry of Industry and Trade (MOIT) has just issued Resolution No. 21-NQ/BCSĐ, dated January 10, 2020 on the principles and processes for adjusting and supplementing the power projects into the power development planning (PDP) in an order of prioritizing the grid first, power plant latter, and prioritizing the areas with a few renewable energy (RE) projects and areas with an ability to release capacities of power plants.

On 12/12/2018, the first long-term coal contract for power projects between Vietnam Coal and Mineral Industries Holding Joint Stock Corporation (Vinacomin) and Electricity of Vietnam (EVN) was signed. On the occasion, Mr. Trinh Dinh Dung, Vice Prime Minister said: “this event confirmed the message "no coal shortage for electricity generation, no electricity shortage for economic development".