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In spite of numerous difficulties, the investors of four thermal power plant projects under the build-operate-transfer (BOT) model are rushing to start operation and begin generating power for the national grid.
Due to the impact of the COVID-19 pandemic, the Ministry of Industry and Trade (MoIT) proposed the government to maintain the feed-in tariff (FiT) mechanism for wind power until December 2023, and then conduct bids and auctions to select investors for new projects.
Electricity of Vietnam (EVN) has required the Ministry of Industry and Trade to publish the list of grid-connected solar power projects which were added to the power planning with the total cumulative capacity of not more than 2,000MW in the southern province of Ninh Thuan.
More than a year after receiving its investment certificate, Hiep Thanh Wind Power project with a capacity of 78MW has just kicked-off construction in the Mekong Delta province of Tra Vinh. The project is scheduled to fully come on stream in the first half of 2021. Ti Chee Liang, chairman of the project developer Ecotech Tra Vinh Renewables JSC, provides a comprehensive picture of the project’s execution.
Despite having gone two-thirds of the way since the investor issued the Front-End Engineering Design (FEED) dossier, the arrangement of investment capital for Dung Quat Oil Refinery remains uncertain.
The signing ceremony of the power purchase agreements (PPA) of Nam San 3A (69MW) and Nam San 3B (45MW) hydropower plant projects between Electricity of Vietnam (EVN) and Phongsubthavy Group took place on January 4, 2020, in the framework of the 42nd Vietnam-Laos Intergovernmental Committee.
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.
One year after Asia’s landmark $5 billion stock auction involving the largest brewer in Vietnam, Sabeco, the foreign ownership ratio at the company has surpassed the 51 per cent threshold, putting mainly overseas investors behind the wheel for the foreseeable future.
Solar power investors seem to be “running away” from Binh Thuan as the electric grid in the area is overload.
Considered a clean alternative to coal-fired power, gas power plants in Vietnam are challenged by the price of electricity.