Vietnam shoots past renewable energy target

National power utility EVN says running oil-fuelled power plants to meet domestic demand will be a huge financial challenge.

Eighty one new renewable power plants began operations in the second quarter, overloading transmission lines.

Vietnam Electricity, the sole power distributor, has reported it was back in the black in 2018 after losing over $90 million in the previous year. 

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

Hanoi has begun to pay consumers who produce rooftop solar power and send back to the grid.

Ho Chi Minh City’s electricity utility will start paying consumers who produce solar power from May 15.

The ongoing heat wave has pushed electricity consumption in Ho Chi Minh City to its highest in 10 years.

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. 

The Ministry of Industry and Trade and Vietnam Electricity (EVN) are saying that pressure’s increasing to raise power prices in 2019.

The ongoing coal shortage could lead to power cuts in Vietnam early next year, Vietnam Electricity (EVN) has warned.

A serious coal shortage is threatening Vietnam’s power production plans even as the nation’s demand for energy rises.