Power plants fuelled by oil a financial risk, EVN cautions

A spate of solar plants seeking to benefit from the government's pricing incentive of 9.35 cents per kWh are overloading the national grid.

Delays in many electricity projects threaten the south of Vietnam with power shortages next year, the industry ministry says.

Lawmakers are unhappy that Vietnam’s monopoly electricity distributor is raising power tariffs at will because it has no competitor.

Vietnam is seeing a surge in electricity demand as summer heat intensifies while water shortage constrains power production.

The latest petrol and power price hike have directly impacted April’s consumer price index, the General Statistics Office (GSO) says.

Government inspectors will study the latest power price adjustment that saw electricity bills go up by 8.36 percent from March 20.

Construction of an offshore wind power plant began Monday in the southern coastal province of Bac Lieu.

With electricity bills a significant part of their production costs, Vietnamese manufacturers are set to increase their selling prices.

Vietnam’s power prices went up 8.36 percent Wednesday after remaining unchanged for two years.

Electricity prices in Vietnam have surged nine times in the 2009-2018 period.

The Ministry of Industry and Trade says electricity prices will go up 8.36 percent starting this month to cover rapidly rising costs.

A gas-fired power plant will be built in the central Quang Ngai Province and it will go on stream in 2023.

The 600 MW Thai Binh 1 Thermal Power Plant officially opened Thursday in the northern province of Thai Binh.