High-quality manpower needed for electricity market

NDO/VNA – A large number of high-quality personnel will be required to meet the growing demand of the competitive generation market and the competitive wholesale electricity market in the near future, according to the National Load Despatch Centre (NLDC). The Electricity Regulatory Authority of Vietnam (ERAV) held a meeting on July 27 to review the operation of the competitive generation market and the competitive wholesale electricity market, which were piloted from July 1, 2016 to June 30, 2017. The ERAV, which is under the Ministry of Industry and Trade, said by July 1 this year, 76 power plants had directly joined the electricity market, with an installed capacity totalling 20,728 MW. Hydropower accounts for 38% of the total capacity, coal-fired thermal power 35%, oil-fired thermal power 4%, and gas turbine power 17%. Other types of power plants account for the remaining 6% of the total capacity. The ERAV said the electricity system has continued to be operated safely and supplied sufficient power for social development. However, it admitted that the installed capacity of the plants directly engaging in the power market accounts for just 49% of that of the whole system. Meanwhile, the IT infrastructure for the electricity market is only able to meet the basic needs, the supervisory control and data acquisition system and the energy management system remain incomplete, hampering the forecast, planning, regulation and supervision of the power market. The NLDC said that due to the impact of El Nino, the water…... [read more]

“These two operations will contribute to Vietnam’s efforts to move towards more environmentally sustainable growth as envisaged in the Socio-economic Development Plan for 2011-2015, by supporting the emergence of a more modern and efficient power market and helping Government to put in place policies across several sectors to enhance the country’s climate resilience,” said Victoria Kwakwa, World Bank Country Director for Vietnam. Vietnam is one of the world’s most vulnerable countries to climate change. Natural disasters and sea-level rise already have significant economic and human costs, with natural disasters alone costing as much as 1.5 percent of global domestic product per year. Of the total, a loan of US$200 million will support the Third Power Sector Reform Development Policy Operation, which supports six policy areas, including the full commercial operation of Vietnam’s competitive generation market; the entry of new generation companies in the market; turning power generation companies into independent companies; and the implementation of regulations to move into a more transparent and predictable electricity tariff system. The third Climate Change Development Policy Operation (US$70 million) aims to support the Government efforts to address climate change by adopting policies and strengthening institutional capacity to promote climate resilience and lower carbon intensity development. The credit for the Third Climate Change Operation comes from the International Development Association, the World Bank Group’s fund for low-income countries. The loan for the Third Power Sector Reforms Operation is financed by the International Bank for Reconstruction and Development, the World Bank Group’s financing arm for…... [read more]

PM welcomes top Philippine diplomat PM Nguyen Tan Dung on Wednesday welcomed Philippine FM Albert F. Del Rosario who is on a two-day visit to Viet Nam at the invitation of Deputy PM, FM Pham Binh Minh. The Philippines' top diplomat said his visit aims to deploy the initiatives and agreements reached during PM Dung's visit to the Philippines on May 21-22. FM Del Rosario also briefed the host about the major outcomes of his talks with Deputy PM, FM Pham Binh Minh earlier on the same day. Regarding the East Sea issue, the Philippine FM said that China's recent aggressive and inhumane acts violate international law and make the situation in the East Sea worse. VN, Philippines discuss bilateral, multi-lateral issues Deputy PM, FM Pham Binh Minh and Philippine FM Albert F. del Rosario on Wednesday discussed measures to realize the outcomes of PM Nguyen Tan Dung's working visit to the Philippines on May 21-22, 2014. Both sides agreed to organize the first meeting of the joint foreign ministry-level working group which was set up to develop a roadmap for elevating the Viet Nam-Philippines relations to strategic partnership level, in the third quarter of 2014. They also highly valued the significance of the realization of the bilateral cooperation agreements and mechanisms, including those on sea, ocean, and fisheries cooperation. Deputy PM, FM Minh took the occasion to thank the Philippines for actively assisting and repatriating the Vietnamese fishermen who illegally fishing in the Philippines' waters. VN, Philippines issue joint…... [read more]

Transnational drug trafficking ring busted in Quang Ninh Quang Ninh police officials are expanding their investigation of a transnational drug trafficking ring illegally smuggling drugs from China into Vietnam headed by Ngo Ngoc Phong (42 years old). Earlier on June 25, police caught Phong red-handed hiding 231.02g of synthetic drugs. Searching Phong's house at Hai Yen ward, Mong Cai City, Quang Ninh province, police seized 609.67g of synthetic drugs, K59 gun, 14 bullets, 6 detonators and drug trafficking paraphernalia. Information at Phong's home led directly to the arrest of 7 other suspects involved in the ring, including Pham Thi Van (26 years), Tran Quang Huy (27), Pham Thi Thanh Thuy (30 years), Tuong Duy Huy (22), Le Dai Hoang (18), Hoang Van Hai (20) and Vu Van Sinh (40). At Huy and Sinh's house, police seized synthetic drugs, marijuana, four detonators, two mines, 1kg of dynamite, 38 bullets and many parts of short guns. Int'l community hails Vietnam's maternal and child health care Global leaders attending a health forum in South Africa from June 30 to July 1 applauded the effectiveness of Vietnam's programmes addressing maternal, neonatal and child health issues. In a keynote address, Vietnamese Minister of Health Nguyen Thi Kim Tien highlighted Vietnam's healthcare accomplishments over recent years attributing the nation's noteworthy success to the commitment and efforts of the Party and State. This is the third such forum that has been held in South Africa with the aim of promoting healthcare for mothers and children, especially newborns,…... [read more]

(CPV) - The World Bank (WB) has approved a USD200 million loan and a USD70 million credit for Vietnam to support power sector reforms, climate resilience, and lower carbon intensity development. Vietnam is one of the world's most vulnerable countries to climate change. Natural disasters and sea-level rise already have significant economic and human costs, with natural disasters alone costing as much as 1.5 percent of global domestic product per year. Of the total, a loan of USD200 million will support the Third Power Sector Reform Development Policy Operation, which supports six policy areas, including the full commercial operation of Vietnam's competitive generation market; the entry of new generation companies in the market; turning power generation companies into independent companies; and the implementation of regulations to move into a more transparent and predictable electricity tariff system. This operation is the last in a series of three supporting the Government's power sector reforms which focuses on transparency and competition in the power market, and enhancing efficient use of electricity including through more market based tariffs. With this operation the first phase of the reform program has been successfully completed. The third Climate Change Development Policy Operation (USD70 million) aims to support the Government efforts to address climate change by adopting policies and strengthening institutional capacity to promote climate resilience and lower carbon intensity development. It is the third of a series of three operations of USD70 million each, supporting three pillars, covering policies in better water management, energy efficiency, and policy…... [read more]

(VOV) - The World Bank's Board of Executive Directors today approved a US$200 million loan and a US$70 million credit for the Government of Vietnam to support power sector reforms, climate resilience, and lower carbon intensity development. "These two operations will contribute to Vietnam's efforts to move towards more environmentally sustainable growth as envisaged in the Socio-economic Development Plan for 2011-2015, by supporting the emergence of a more modern and efficient power market and helping Government to put in place policies across several sectors to enhance the country's climate resilience," said Victoria Kwakwa, World Bank Country Director for Vietnam. Vietnam is one of the world's most vulnerable countries to climate change. Natural disasters and sea-level rise already have significant economic and human costs, with natural disasters alone costing as much as 1.5 percent of global domestic product per year. Of the total, a loan of US$200 million will support the Third Power Sector Reform Development Policy Operation, which supports six policy areas, including the full commercial operation of Vietnam's competitive generation market; the entry of new generation companies in the market; turning power generation companies into independent companies; and the implementation of regulations to move into a more transparent and predictable electricity tariff system. The third Climate Change Development Policy Operation (US$70 million) aims to support the Government efforts to address climate change by adopting policies and strengthening institutional capacity to promote climate resilience and lower carbon intensity development. The credit for the Third Climate Change Operation comes from the…... [read more]

VGP - The World Bank's Board of Executive Directors has approved a loan package of US$ 200million and a credit of US$ 70 million for Viet Nam to support power sector reforms, climate resilience, and lower carbon intensity development. Of the total, the US$200 million sum will go to the Third Power Sector Reform Development Policy Operation, which supports six policy areas, including the full commercial operation of Viet Nam's competitive generation market; the entry of new generation companies in the market.(including ko co nghia phai liet ke ra het) The third Climate Change Development Policy Operation will receive US$70 million, aiming to support the Government efforts to address climate change by adopting policies and strengthening institutional capacity to promote climate resilience and lower carbon intensity development. It is the third of a series of three operations of US$70 million each, supporting three pillars, covering policies in better water management, energy efficiency, and policy and institutional development. "These two operations will contribute to Viet Nam's efforts to move towards more environmentally sustainable growth as envisaged in the Socio-economic Development Plan for 2011-2015, by supporting the emergence of a more modern and efficient power market and helping Government to put in place policies across several sectors to enhance the country's climate resilience," said Victoria Kwakwa, World Bank Country Director for Viet Nam. Viet Nam is one of the world's most vulnerable countries to climate change. Natural disasters and sea-level rise already have significant economic and human costs, with natural disasters alone…... [read more]

Torbjorn E. Kirkeby-Garstad, vice president of Asia and Vietnam country manager of global hydropower producer SN Power talked with VIR's Phuong Thu about the firm's ambitions and challenges when entering Vietnam's power market. Since 2011 your firm has attempted to acquire hydropower plants of at least 50 megawatts in Vietnam and worked with the state-run Electricity of Vietnam (EVN) and other state-owned enterprises (SOEs). However, as of yet no deals have been signed so far. Why is that? One of the key reasons why SN Power has failed to make an investment so far has been the difficulties related to 50 per cent ownership caps. The law allows for it and we have been able to agree valuations and key terms with the relevant SOEs, but the ministries have been very reluctant to divest below 51 per cent in SOEs that control these assets. It would be highly appreciated if the government of Vietnam would allow SN Power a minimum of 50 per cent ownership in hydroelectric power plants of less than 500MW of capacity in Vietnam. SN Power has also identified a significant number of investment prospects. A SN Power investment would secure sustainable financing of these assets in a challenging period. SN Power will be able to provide corporate governance, energy management in a commercial environment and state-of-the art operations and maintenance. And the SOEs will, in particular, provide important background knowledge, local business understanding and networks. What are SN Power's ambitions for the Vietnamese market? SN Power aims…... [read more]

(VEN) - When visiting Thac Ba Hydropower Plant, I was lost in an eco-tourism zone by the green of the trees, the harmony of the architecture, and above all, the presence of spacious modern buildings. From a 42-year-old construction, Thac Ba Hydropower Plant has become one of the country's leading hydropower plants after being overhauled. Despite a lot of difficulties this year, Thac Ba Hydropower JSC has exceeded its set targets. As of November this year, the company's electricity production output reached 357.5 million kWh; commercial electricity production output reached 353.3 million kWh, accounting for 98.2 percent of the annual plan; pre-tax profit at the end of the third quarter reached VND142.2 billion. According to Thac Ba Hydropower JSC Chairman Nguyen Quang Thang, the company has strived to meet production tasks as required by the power system operation management and maintenance, while ensuring the proper regulation of anti-flood reservoirs and downstream irrigation. "The modern plant of today was made possible thanks to the contribution of many generations of workers," Thang said. The company has gained high economic efficiency in recent years, reflected in the growth of revenue, profits and dividends; and it is also one of the leading contributors to the local budget. In 2010, the company established a technical service center as part of the expansion of business activities in the field of operations, repairs, testing, consultancy and supervision of hydropower projects. The center has implemented many projects including Thai An Hydropower Plant in Ha Giang Province, Mien River…... [read more]

Vietnam Electricity group (EVN), the sole power distributor, has taken the first step to end its monopoly by opening a pilot competitive generating market on Friday, as the country faces acute electricity shortages that hit manufacturers hard. This is seen as an attempt to encourage a free power market that could help boost supply, but it comes a day after the finance minister said it might delay a plan to have market-based electricity prices by a year to 2013 on fears that price hikes would worsen inflation. "This is the first step in the roadmap to develop an electricity market in Vietnam," said Hoang Quoc Vuong, vice minister of trade and industry at a ceremony to open the market. "It will encourage market competition in power generation, facilitate attraction of investment and contribute to a reliable, high-quality, competitive prices for supply of electricity." The move will enhance the transparency of electricity providers and eliminate any discrimination of players in the market, said Vuong. The move to open up the market will be done in phases. Vuong said 48 power plants of above 30 megawatts (MW) out of a total of 73 join the competitive market this month, with 5 percent of their power to be sold on a cost-based price on hour basis and the rest will be paid by contract. The prime minister in early 2006 approved state utility EVN's master plan for the development of a three-step competitive power market by 2022. "The final purpose of the competitive…... [read more]




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