Wednesday, 17:26, 26/05/2021
VOV.VN - As Vietnam continues to transition to cleaner low-carbon power generation, IFC, a member of the World Bank Group, is funding the development and construction of two wind power projects in central Vietnamese provinces.
The purpose of the move is to advance renewable energy in order to help meet the country s growing demand for electricity.
The plan will see IFC provide a financing package of US$57 million to Thuan Binh Wind Power Joint Stock Company (TBW), a subsidiary of Refrigeration Electrical Engineering Corporation (REE).
This will therefore enable the construction of two onshore wind power plants, Phu Lac 2 in Binh Thuan province and Loi Hai 2 in Ninh Thuan province, with an overall capacity of 54.2 megawatts.
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Conditions in place for offshore development 11:00 | 16/04/2021
Reducing the cost of capital for offshore wind power projects in Vietnam will be the main driver for lowering electricity costs and encouraging investment in such projects, argue several international energy experts, with the right government policies needed to be implemented quickly to follow through with the countryâs energy development schedule.
Conditions in place for offshore development, illustration photo
Refrigeration Electrical Engineering Corporation (REE) is planning to work with foreign investors to pilot an offshore wind power project with a total capacity of about 2,000-3,000MW, according to chairman Nguyen Thanh Mai at the companyâs annual general shareholdersâ meeting on March 30.
March 16, 2021, by Nadja Skopljak
LOC has secured a contract to provide marine warranty services (MWS) and consultancy for the Tra Vinh No. 3 intertidal wind farm in Vietnam.
LOC will support the development of the first phase of the project, including the review and approval of the loadout and marine transportation operations of components between local ports and the wind farm site.
The team will also review and approve lift installation activities, using barge cranes or separate crane vessels, for the primary structures and equipment on site.
The project’s first phase development will consist of 12 Vestas 4 MW turbines, a 22/110kV station, with 1×63 MVA capacity, and 21 km of 110kV transmission line.
VN-Index dips to three-week low
By Dat Nguyen March 9, 2021 | 05:32 pm GMT+7
An investor walks past screens showing stock prices at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
Vietnam’s benchmark VN-Index dropped 0.54 percent to 1,161.97 points Tuesday, a three-week low, with foreign investors net selling for 13 consecutive sessions.
The index stayed in the red throughout the day, starting with a slip to the 1,150 range in the morning before recovering in early afternoon and closing with a 6.3-point fall. This is the lowest it has recorded since February 17.
Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell nearly 3 percent to VND15.13 trillion ($658 million). The bourse saw 187 stocks gain and 266 lose.