Vietnam to purchase more power from Laos

Vietnam Electricity (EVN) has signed three memoranda of understanding with investors of power projects in Laos to develop and purchase electricity from the neighbouring country.
December 08, 2020 | 09:53
experts vietnam should reconsider shelved nuclear energy programme Experts: Vietnam should reconsider shelved nuclear energy programme
vietnamese energy market considered much potential for development Vietnamese energy market considered much potential for development
chan may lng power project to receive the investment up to 6 billion Chan May LNG power project to receive the investment up to $6 billion
3551 evn
PM Nguyen Xuan Phuc and his Lao counterpart Thongloun Sisoulith witness the signing of MoU on hydropower plant development. Photo: VNA

Vietnam Electricity (EVN) has signed three memoranda of understanding with investors of power projects in Laos to develop and purchase electricity from the neighbouring country.

The signing of the deals took place during the 43rd meeting of the Vietnam-Laos Inter-Governmental Committee on bilateral cooperation.

Accordingly, EVN will buy power from two hydropower plants and one coal-fired power plant in Laos starting 2024.

The 84-megawatt Nam Yeuang hydropower plant and 300-megawatt Nam Phan coal-fired thermal power plant developed by Phongsubthavy Group are set to transmit electricity to Vietnam starting 2024 and 2025.

3642 evn2
Workers fix electric cables in District 1, Ho Chi Minh City. Photo: VnExpress

Another hydropower plant, Nam Neun 1, with a capacity of 124-megawattd and developed by Kong Sup Hydro Development of Nam Neun 1 and Nam Neun 3, will also start delivering power to Vietnam in those two years.

The two sides plan to step up negotiations on power purchase agreements in the time ahead, in line with the Vietnamese Ministry of Industry and Trade’s guidelines.

The signing also marks noted strides in the friendship between the two nations, especially cooperation in energy./.

EVN in January signed five deals with two Laotian companies to purchase 1.5 billion kilowatt-hour of power each year in 2021 and 2022, according to VnExpress.

The Ministry of Industry and Trade had earlier warned of power shortages of 3.7 billion kWh in 2021 and nearly 10 billion kWh the following year, as construction of new thermal and gas-fired plants fall behind schedule.

2023 will be the most stressful with the shortage expected to be around 15 billion kWh. From then on, it will decrease, with shortages expected to drop to 7 billion kWh and 3.5 billion kWh in 2024 and 2025 respectively.

The ministry stated the only way out is to import more from Laos and China, although this is only a band-aid solution. In the long run, it would be necessary to speed up work on large power generation projects, it added.

first coal batch from us arrives in vietnam

First coal batch from US arrives in Vietnam

Over 21,700 tonnes of coal from the US have arrived at Cua Ong Port, the northern province of Quang Ninh.

vietnam weighs return to nuclear energy post 2035

Vietnam weighs return to nuclear energy post 2035

Vietnam is seeking a return to nuclear power after 2035 amid warnings that dwindling natural resources could lead to electricity shortages.

pm requests for national electricity saving

PM requests for national electricity saving

The Prime Minister has just signed Directive No. 20/CT-TTg on enhancing electricity saving in the period of 2020 - 2025; which requires the whole country ...

Rosy Huong

Insider

Vietnam-UK Strategic Partnership develops strongly, says NA Chairman Friendship

Vietnam-UK Strategic Partnership develops strongly, says NA Chairman

Vietnam is willing to create all favourable conditions for investors of the UK to operate in the Southeast Asian country, National Assembly (NA) Chairman Vuong Dinh Hue told UK Secretary of State for International Trade Anne-Marie Trevelyan during their meeting on June 29 (UK time).
17:23 | 30/06/2022
Phiên bản di động