Search

Electricity of Vietnam (EVN) and energy investors in Laos have just signed the memoranda of understanding on the developing Nam Yeuang hydropower project cluster, Nam Neun 1 hydropower project and Nam Phan coal-fired thermal power project (TPP) for selling electricity from Laos to Vietnam in period after 2024.

According to information from Vietnam Coal and Mineral Industries Group (Vinacomin): on August 1, 2019, in Hanoi,  took place a working meeting between leaderships of Vinacomin and Xcoal (USA) to specifically discuss about  the prospects of coal import directly from the US to Vietnam and promoting cooperation between Vinacomin and US businesses.

The remaining coal resources of Vietnam are forecasted to be quite large, but not large explorative reserves, especially since the mining conditions are increasingly difficult, increasing the costs, which makes it difficult to compete with imported coal sources. As there is no State clear mechanism and policy for coal import, that leads to difficulties for enterprises to deploy coal import, as well as invest in coal mining abroad.

The Prime Minister has just issued a document to agree with the proposal of the Ministry of Industry and Trade (MOIT) in principle on the ceiling price (maximum price) as 6.95 USCent/kWh for importing wind power from Laos. The average electricity price for the whole life of the project at the time of negotiation agreed between the Electricity of Vietnam (EVN) and investor must be not exceed this ceiling price.

From September 9 to 12, 2019, the delegation of Binh Son Petrochemical Joint Stock Company (BSR) led by General Director Bui Minh Tien attended the 35th APPEC Conference in Singapore. This is an opportunity for BSR to contact and discuss with partners to expand opportunities for importing crude oil for Dung Quat Oil Refinery.