Vietnam

ADB will help the Greater Mekong Subregion scale up the use of biomass waste in the agriculture sector to meet its growing need for clean energy.

AES-VCM Mong Duong Power will construct Vietnam's largest private sector power plant, a $1.95 billion coal-fired plant, on a build-operate-transfer basis.

Vietnam's Ministry of Industry and Trade has proposed amending the Electricity Law so as to apply different power prices to each region.

A seminar was organized in Vietnam to promote the propagation and make a change in perceptions and actions of people on enhancing the efficient use of energy resources. It also intends to raise awareness of environment protection and in contributing to the implementation of the National Program on Energy Efficiency and Conservation.

Petrovietnam awarded two contracts worth $1.2 billion to its subsidiary units to build a 1.2GW coal-fired plant in northern Vietnam.

The 260MW Trung Son hydro power plant, scheduled for construction this year and is expected to be fully operational by 2017, has receive funding.

After 2 years of implementing an energy saving project Dong Thap province is set to save 25% in total energy consumption.

A Vietnam official emphasized the key contents in completing a master plan of developing nuclear power infrastructure.

Citi has signed a Nexi-backed financing for transmission projects in Vietnam with the Development Bank of Japan and Sumitomo Trust and Banking Corporation. Citi Vietnam today announced the completion of the export credit agency-supported debt financing arrangement for the National Power Transmission Corporation (NPT) in Vietnam. The financing package has a total value of $200 million and tenor of 13 years, and will be used for power transmission projects. The financing is guaranteed by Vietnam’s Ministry of Finance and insured by the Japanese Export Credit Agency Nippon Export and Investment Insurance (Nexi) under its Overseas Untied Loan Insurance Programme.

Credit Agricole Corp. and Investment Bank on Wednesday signed a US$178 million credit contract with Dakdrinh Hydropower Joint Stock Co. to ensure 80% capital for the hydropower project.

Ground clearance is being completed in preparation for the construction of Quang Trach thermal power project beginning July, 2011.

The China Development Bank will provide funds or loans for the seven hydropower plants to be built on the Nam Ou River in Phongsaly and Luang Prabang provinces.

The World Bank approved a new loan of $330 million for Vietnam to support the mid-sized multipurpose Trung Son Hydropower Project. The 260MW Trung Son hydropower project will help meet the increased demand for electricity consumption in Viet Nam, which has been growing at 15 per cent annually for the past several years, according to a WB press release.Through the project, the Bank will also provide technical support to the Electricity of Vietnam Corp to improve the performance of its hydropower projects in dam safety and operations as well as in adopting international standards in social and environmental practices."Trung Son will contribute to Vietnam's energy mix and energy security as part of the least-cost solution in meeting the country's energy needs. Furthermore, it will also contribute to the climate change agenda by avoiding an estimated 1 million tonnes of CO2 emissions per year," said Victoria Kwakwa, WB Country Director for Vietnam.TSHPP is the first hydropower project WB has financed in the country.The financing is being provided through the WB's International Bank for Reconstruction and Development lending window that provides development financing for eligible middle-income countries.

The World Bank approved a new loan of $330 million for Vietnam to support the mid-sized multipurpose Trung Son Hydropower Project.

All households in Truong Sa District can now use electricity 24 hours a day.

An approved strategy and master plan for renewable energy development in Vietnam is needed for investors to implement projects exploiting potential renewable energy sources in Vietnam.