There will be no electricity shortages this year, even as electricity consumption reaches record-high figures in Vietnam, the Ministry of Industry and Trade (MoIT) has promised.
A memorandum of understanding (MoU) on the building of a 3,200MW liquefied natural gas-fired power plant in the Mekong Delta province of Bac Lieu was signed between representatives of the provincial People’s Committee and Singapore’s Delta Offshore Energy Pte.Ltd (DOE), at a ceremony in the locality on October 12.
The rush to invest in wind energy to take advantage of the Government's pricing incentives could lead to overloading of the national grid in a repeat of the solar scenario, experts warn.
The Electricity of Vietnam (EVN) and Phongsubthavy Group of Laos have signed power purchase agreements (PPA) for the 69MW Nam San 3A and 45MW Nam San 3B hydropower plant projects in Hanoi.