Page 2 - Power Development Plan News Today

Wind power projects in the country look positive going forward, reflecting the countrys commitment to net-zero by 2050.

We discuss the uptick in business activity in Q1 2024 across key sectors in Vietnam, and the resultant opportunities for investors.

Negotiations between EVN and investors for a power purchase agreement for liquified natural gas projects have once again stalled.

A new MoU between Australia and Vietnam is further evidence of the deepening partnership between the two countries in the energy sector.

Vietnam’s Mekong Delta province of Long An has approved implementation plans for the Long An 1 and Long An 2 LNG-to-power plant project, towards commercial operations from June 2028 and June 2031, respectively.

Southeast Asian countries are heavily investing in renewable energy and clean tech to achieve a green transition, with some countries receiving funding from international donors.

The electricity sector is currently entering its peak and most challenging period of the year in terms of power supply due to the dry season.

Vietnam is being encouraged to craft a clear roadmap for the transition of Vietnam’s coal-fired power plants, which are facing risks of closure.

Vietnam is pushing ahead with implementation of its national power strategy, but specific incentives still need to be formulated.

Russian oil and gas company Zarubezhneft has expressed an interest in venturing beyond oil and gas exploitation to develop offshore wind projects in Vietnam.