Vietnam

Vietnam Development Bank has signed a credit agreement worth US$1 billion with Export-Import Bank of the U.S. to fund a major wind power development plan in the Mekong Delta in 2011-2015.

The public has been reassured that the Vietnam's electricity price increase won’t be decided in the last months of the year.

Construction of a dam across the Song Bac River for a hydropower plant in northern Ha Giang Province's Quang Binh District is now underway.

The government of Vietnam should have policies that reward producers of electricity from wind and other natural resources, suggests the general chair of the World Council for Renewable Energy.

The VND33 trillion Mong Duong 1 Thermal Power Plant in the northern province of Quang Ninh is now being constructed by the Electricity of Vietnam.

Up to 60 percent of a grant from Denmark will be used in Vietnam for effective use of water resources, clean water supply for the poor, wind energy and activities to cope with climate change.

The Export-Import Bank of the US has agreed on a credit package worth US$1 billion for a wind power development programme in the Mekong River Delta between 2011 and 2015. A letter of intent to this effect was signed in Hanoi on October 18 by representatives of the Vietnam Development Bank (VDB) and US EXIMBANK. Under the deal, VDB is allowed to borrow international loans channelled through the US bank for wind power projects in Vietnam. Currently, phase I of such a project is under way in the southern province of Bac Lieu, using VDB’s domestic loans. The first turbine with equipment imported from the US’s General Electric Company will be inaugurated in early November 2011. Project investors will negotiate a business contract with General Electric to supply equipment to the project, using loans from US EXIMBANK. According to Vu Duc Dam, Minister and Chairman of the Government Office, Vietnam is being seriously affected by climate change. The Vietnamese government encourages and creates conditions for developing environmentally-friendly technology. David Shear, US Ambassador to Vietnam, who witnessed the signing of the deal, said the US Government is interested in developing renewable energy in Vietnam. US investment in the Bac Lieu project will help contribute to meeting the goal of increasing cooperation between the two countries.

Vietnam's Deputy Prime Minsiter Vu Van Ninh empahsized that the government would not approve any increase in power price in order to offset Electricity of Vietnam Group’s losses from its non-core investments.

The construction of a dam across the Song Bac River for a hydropower plant in northern Ha Giang province is now underway.

The construction license has been granted to the An Khanh Thermal Power Joint Stock Company by the Thai Nguyen Provincial People’s Committee for the An Khanh 2 Thermal Power Plant.

German investors are most interested in developing renewable energy in Vietnam, a forum has heard.

Trung Nam Power will sell emissions from its Dong Nai Hydropower Plant No 2 to Germany’s Deutsche Bank to for the first 10 years of its operation.

Vietnam Development Bank has been approved Deputy Prime Minister Vu Van Ninh to sign a credit commitment letter to borrow $1 billion for wind power development in the Mekong Delta region in 2011-2015 period.

Vietnam's National Agency for Science and Technology Information will collaborate with Germany's International Exhibition and Fair Service Company to organise a renewable energy fair in Hanoi next March.

A loan of VND6,000 billion will be allocated for the construction of a hydro-electric power plant in the northern mountain province of Lai Chau.

Japan Atomic Power Company will provide consultancy on Ninh Thuan 2 plant project for investor Electricity of Vietnam Group within 18 months at the cost of almost JPY 2 billion.