Once operational in 2026, the plant will generate 750 million kWh a year, bolstering national energy security, especially in the northeastern region, and creating millions of local jobs.
The Vân Phong 1 BOT Thermal Power Plant in the Vân Phong Economic Zone of the south-central province of Khánh Hòa was inaugurated on Wednesday, supplying an additional 8.5 billion kWh per year, accounting for approximately 3 per cent of...
The VNĐ58 trillion (US$2.4 billion) LNG Nghi Sơn thermal power plant project is expected to be implemented for 50 years, with commercial operation slated before 2030.
The nation is relying more on coal power this year due to water shortages at hydro-electric dams across, leading to a 10-15 per cent increase in goal demand.
Under no circumstances should the supply be disrupted as coal is an essential mineral that thermal power stations and fertiliser factories can not go without.
Vietnam Electricity (EVN) has been accepted as the investor of the $1.19 billion O Mon III thermal power plant located in Can Tho city, under a decision issued by the municipal People’s Committee.
The Deputy PM urged ministries to favourable conditions for the plant to operate without any hindrances. He also called on local authorities to support people that have been displaced for the construction of the plant to ensure their livelihoods.
The Ministry of Industry and Trade (MoIT) has consulted the Government not to include 14,120 MW of coal-fired power in the national power master plan (PDP8) to achieve the goal of net zero emissions by 2050.
The risk of a coal shortage and high input material prices have affected thermal power businesses, while hyower enterprises are expected to benefit from the higher power selling prices compared to last year.
While many thermal power enterprises reported positive results in both revenue and profits in the fourth quarter of last year, there are still enterprises reporting a decline in profits, even suffering losses.
Many businesses have experienced losses for the first time or after many years due to disruptions caused by COVID-19 in the third quarter of 2021. Their target is now making efforts to revive in the fourth quarter to complete the...
The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) committed to finance credit worth VND27.1 trillion (US$1.18 billion) for the Quang Trach 1 thermal power plant project.