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Investment opportunities in Electric power, new & reproduced energy production PDF Print
Monday, 28 November 2011 11:22

VIETRADE - The electric power sector is dominated by public ownership; however, market forces are being brought to bear, with private sector participation expanding.

 

Since 1995, energy sector operations have been organized into three general companies which are among the largest frms in Vietnam: Petro Vietnam, Vinacomin (former Vinacoal) and Electricity of Vietnam (EVN). Vietnam produced almost 87 billion kWh of electricity in 2009. To ease power shortages in the north, in 2004 Vietnam started purchasing electricity from China, over one TWh in 2006, transported through 110kV lines linking the country to China’s Yunnan and Guangxi provinces.

 

Vietnam also started buying electric power from Laos in 2008, where it already had hydropower plant projects, and conducted feasibility studies for other hydro projects.

 

To boost its own capacity, Vietnam has been constructing a series of new plants, ranging from the 2400 MW Son La hydro project and a number of other medium-size hydro plants in the Central Highlands, some large-scale coal-fred plants in the North and the Central, and additional gas-fred plants in the South.

 

In 2009 the country imported 4 billion kWh and exported 535 million kWh of electric power.

 

Opportunities exist for investment in Vietnam power generation as Vietnam electricity demand continues growing robustly.

 

80% of Vietnam’s rural population relies on non-commercial biomass, such as wood and rice husks, as an important fuel source for cooking and other purposes. There is no signifcant commercial production from other renewable energy sources – geothermal, solar, wind, tidal, wood and waste – but some potentiality for future development does exist.

 

Low temperature beneath Vietnam means geothermal energy may generate 200-400 MW by 2020.

 

Wind power is underdeveloped, mainly because of lack of appropriate policies for wind energy. However, Decision 130 issued by the Prime Minister in 2007 set forth some economic incentives for CDM projects, including wind power plants.

 

Solar energy is expensive in Vietnam, and is best suited for use in rural and remote areas. Renewable energy sources are largely untapped in Vietnam, but will be increasingly important in the government’s upcoming energy initiatives.

 

Plan on development targets and objectives: Factor all that in and the biggest objective of the electric power sector of Vietnam remains basic: providing suffcient electricity for both business and consumer needs.

 

In total, over 11,000 MW in additional capacity were planned to come on-stream in 2010. Issued in 2007, EVN’s master plan included the developing of 135 power plants by 2015. Vietnam’s plan to have electricity in every rural area, up from the current 91%, by 2020 is fueling strong energy demand.

 

The government plans to construct its frst nuclear plant in central Ninh Thuan province, and it could go into service between 2017 and 2020. In the long term, the government is considering developing national nuclear capacity ranging from 2000 MW to 8000 MW.

 

Investment in power is long-term investment. Time and endurance are required to develop a power generation project from the beginning. Under current context, joint development with Vietnamese partner(s) might be a better option and better time-saving than the stand-alone development. 



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