Industry News

Vietnam: PV Power mulls stake sale of up to $700m to foreign investors

PV Power, the power generation arm of Vietnam’s state-owned energy giant PetroVietnam, is said to be mulling a stake sale to foreign investors, after its intended IPO failed to materialise in 2016.

US group, PVEP sign gas project development framework agreement

The Vietnam National Oil and Gas Group (PetroVietnam)’s Exploration Production Corporation (PVEP) and the Exxon Mobil Vietnam Company signed a framework agreement on the Blue Whale project development and gas sale in Hanoi on January 13.

Africa and South America are the most electric places on Earth: The world's top 10 lightning hotspots revealed .

A new study has now compiled the data from the Tropical Rainfall Measuring Mission satellite to find lightning hotspots of the world.

POSCO Energy to build second thermal power plant in Vietnam

POSCO Energy Co. said on February 22 that it signed a memorandum of understanding (MOU) agreement on Sunday with Nghe An provincial government to build a thermal power plant, the second coal-fueled power plant to be built by the South Korean company in Viet Nam.

Marubeni and KEPCO a step closer to first-of-its-kind power plant in Vietnam

The consortium of Japanese company Marubeni Corporation and Korea Electric Power Corporation (Kepco) today signed the investment agreement for Nghi Son 2 thermal power plant in the central province of Thanh Hoa.

Hyosung petitions for $1.2 billion factory in Ba Ria-Vung Tau

South Korean Hyosung Group is seeking the Ba Ria-Vung Tau Industrial Zone Management Authority’s approval to develop a complex of a polypropylene production factory and a liquefied petroleum gas (LPG) depot, with a total investment capital of $1.2 billion, according to newswire Diendandoanhnghiep.

Vietnamese investors rush to pour money into power projects

Though the competitive electricity generation market still remains on paper, investors are now rushing to pour money into the sector.

EVN to replace PetroVietnam and Inter RAO to develop thermal power plants

State-run Electricity of Vietnam (EVN) has been chosen to take over the thermal power plants Quang Trach I and II, both of which are located in Quang Trach Power Centre in Quang Binh, according to information published on the Government Portal.

Solar sector waits on FiT power-up

As Vietnam looks to raise the nation’s renewable energy sources, foreign investors are sensing an opportunity for solar energy projects. But low feed-in-tariffs are slowing this movement, to the dismay of both local and international organisations. Thanh Thu reports.

Solar power investors step into the fray

The Vietnamese renewable power sector, especially solar power, is becoming more attractive in foreign investors’ eyes due to the increasing demand for renewable energy in the country.
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