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THE Department of Energy (DOE) has drafted a policy that will classify pump-storage hydropower plants (PSH) as both energy source and ancillary service (AS), with plans to auction the capacity and trade this at the electricity spot market. Ancillary services are stand-by power in the event that baseload power plants…
Vietnam’s power development plan outlines a comprehensive energy blueprint for the country. Mishra Kumar Sameer, director of Deals Advisory for KPMG in Vietnam, explains how a diversified energy mix with supporting infrastructure will be crucial in meeting environmental commitments and energy security.
Progress has yet to meet expectations in the country's power sector.
Vietnam is soon to introduce a new set of national criteria aimed specifically at speeding the development of green industries in line with international standards, according to the Ministry of Planning and Investment (MPI).
Vietnam’s Power Development Plan VIII ("PDP8") has set an ambitious target of 6GW of offshore wind ("OSW") by 2030. Unlike Vietnam’s previous power development plans that provided a...