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Clean energy firms fear bankruptcy amid low prices

Clean energy firms fear bankruptcy amid low prices

Wind and solar energy developers are concerned they may go bankrupt as the government’s new feed-in tariffs are too low for them to make profits.
Electricity supply set for nearly 6% increase in 2023

Electricity supply set for nearly 6% increase in 2023

Electricity supply, made up of both domestic production and imports, is set to increase by 5.96% from last year to 284.5 billion kilowatt-hours in 2023.
January 5, 2023 | 07:59 pm PT
Vietnam Electricity wants retail price hike to cover $1.3B loss

Vietnam Electricity wants retail price hike to cover $1.3B loss

Vietnam Electricity made a loss of VND31.36 trillion (US$1.32 billion) in 2022 as production costs rose but retail tariffs remained unchanged.
December 21, 2022 | 10:39 pm PT
Vietnam Electricity wants power prices to be dynamic, based on production cost

Vietnam Electricity wants power prices to be dynamic, based on production cost

Vietnam Electricity wants power prices to be managed in the same way as fuel by taking into account the changing costs of production and not fixed at certain levels.
December 13, 2022 | 06:46 pm PT
EVN seeks electricity price hikes

EVN seeks electricity price hikes

Vietnam Electricity (EVN) is seeking permission to increase retail prices as the national power provider expects losses of VND31 trillion ($1.26 billion) this year due to surging production costs.
December 2, 2022 | 12:48 am PT
Electricity prices may rise if renewables overdeveloped: finance ministry

Electricity prices may rise if renewables overdeveloped: finance ministry

The Ministry of Finance has warned that electricity prices will rise if solar and wind power are not developed commensurately with grid and operational capacity.
July 3, 2022 | 10:17 pm PT
Lawmakers call for nuclear energy revival, cite zero emissions target

Lawmakers call for nuclear energy revival, cite zero emissions target

Vietnam needs to study the possibility of restarting its nuclear power projects to achieve the net zero emission target it has committed to reach by 2050, lawmakers say.
May 26, 2022 | 02:00 am PT
Vietnam company to invest $840 mln in country's first green hydrogen plant

Vietnam company to invest $840 mln in country's first green hydrogen plant

Construction is due to start on Vietnam's first green hydrogen plant next month, the government said on Wednesday, as the Southeast Asian country seeks to boost the use of cleaner energy while reducing dependence on coal in its power mix.
May 25, 2022 | 11:27 pm PT
Vietnam plans two-thirds cut in thermal power

Vietnam plans two-thirds cut in thermal power

Vietnam will reduce coal-fired power supply by two-thirds between 2025 and 2045 and increase renewable power supply to account for more than half of the total.
April 19, 2022 | 09:00 pm PT
Global renewable power prices soar on heavy demand, chaotic supply chain

Global renewable power prices soar on heavy demand, chaotic supply chain

Prices for wind and solar power in major global markets have climbed nearly 30 percent in a year as developers have struggled with chaotic supply chains and surging costs for everything from shipping to parts to labor, according to a report published on Wednesday.
April 13, 2022 | 01:35 am PT
No rise in power prices this year: EVN

No rise in power prices this year: EVN

State-owned utility Vietnam Electricity (EVN) has committed to keep electricity prices unchanged until the end of 2022, but warned extending it would be "extremely challenging."
April 9, 2022 | 05:00 am PT
Vietnam to import coal from Australia amid power shortage fears

Vietnam to import coal from Australia amid power shortage fears

Vietnam wants to import around five million tonnes of coal from Australia amid a domestic shortage that has forced power plants to cut production.
April 2, 2022 | 12:00 am PT
Japan lifts power-supply warning for Tokyo and surrounding areas

Japan lifts power-supply warning for Tokyo and surrounding areas

Japan lifted a power-supply warning for Tokyo and surrounding areas on Wednesday as supply stabilized, a day after the government had warned of possible blackouts in the aftermath of an earthquake last week.
March 22, 2022 | 11:11 pm PT
Coal shortage hits thermal power plants

Coal shortage hits thermal power plants

Vietnam’s thermal plants received 30 percent less coal than scheduled from two major domestic suppliers in February due to Covid-19 impacts and the Russia-Ukraine crisis.
March 17, 2022 | 09:49 pm PT
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