PVN insists on power projects
HANOI – Vietnam Oil and Gas Group, or PVN, will continue to invest in power projects in anticipation of future profits even though Vietnam Electricity (EVN) had owed it a combined VND10 trillion by October last year.
Power Projects
EVN to borrow over 3 billion USD for power projects
The Electricity of Vietnam (EVN) will borrow more than 2 billion USD from ODA sources and 1 billion USD in commercial loans for its major power projects in 2012.
Ninh Thuan says nuclear power projects a catalyst for investment
HCMC – Ninh Thuan Province said on Monday the development of two nuclear power projects would serve as a catalyst to attract more investment into the central province, despite earlier warnings that investors would walk away over safety concerns.
Gov’t injects US$1 billion in Mekong wind power plan
HCMC - Vietnam Development Bank (VDB) on Tuesday signed a credit agreement worth US$1 billion with Export-Import Bank of the U.S. to fund a major wind power development plan in the Mekong Delta in 2011-2015, said Nguyen Viet Cuong, general director of VDB’s Transaction Office 2.
EVN losses affecting PVN projects
HCMC – Struggling Vietnam Electricity Group (EVN) has continuously been asked to pay for power purchases from Vietnam Oil and Gas Group (PVN) as EVN’s debts have discouraged investment in PVN’s power projects.
Scores of power projects fall behind schedule
HCMC – Scores of power projects nationwide have fallen behind schedule by two to three years due to the incompetence or poor financial capacity of Chinese contractors, said the Vietnam Energy Association’s chairman.
Opportunities for wind power development
Vietnam is boosting investment in developing wind power to replace exhaustible fossil fuels and protect the environment.
Many power projects cut to help control inflation
The Electricity of Viet Nam (EVN) and its subsidiaries have decided to cancel construction of 300 projects with total investment of VND12.5 trillion (US$609 million) in response...
Gov’t approves largest thermo-power projects
HCMC - Prime Minister Nguyen Tan Dung has asked the Ministry of Planning and Investment to quickly issue licenses for the developers of the two largest thermo-power projects namely BOT Hai Duong and BOT Mong Duong 2.
Wind power price fixed at VND1,614 per kWh
HCMC – Electricity of Vietnam (EVN) has the responsibility for buying all of the electricity generated from wind power projects with a fixed price of VND1,614 per or 7.8 U.S. cents for one kWh.
From Industries
Major equipment agreement for thermoelectricity plant signed
HN -- An agreement for that design and offer of apparatus and technological services for that Thai Binh 2 Thermoelectricity Plant Project was signed in Ha Noi yesterday.Anything, more vital than US$826 million, was signed between your PetroVietnam Construction Joint Stock Corporation (PVC) and also the Sojitz-Daelim companies (SDC).Speaking in the signing ceremony, general director from the PVC Vu Duc Thuan stated anything incorporated equipment supply along with a detailed design for that turbine and
New plant makes energy converters
HCM CITY — A electronic energy ripper tools factory that includes alternative energy design features was inaugurated within the southern province of Binh Duong yesterday.Situated within the province's My Phuoc Industrial Park No 3, the 11,600 sq.m factory has manufacturing, putting together, engineering and testing facilities in addition to administrative offices from the XP Energy Viet Nam Co Ltd.It had been shipped on the turnkey basis by Singapore-based Boustead Projects Pte Ltd, a wholly possessed
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