The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) will provide a credit worth VND27.1 trillion (US$1.18 billion) for the Quang Trach 1 thermal power project in the centreal province of Quang Binh.

The Ministry of Industry and Trade (MoIT) needs to study and direct Vietnam Electricity (EVN) to issue regulations on the transmission and distribution system to ensure the stable operation of the power system amid abundant wind and solar power sources.

The Vietnam Electricity Group (EVN) on June 29 signed a credit agreement with the French Development Agency (AFD) on a loan of EUR74.7 million (US$82.6 million) to develop the expanded Ialy hydropower plant in the Central Highland province of Gia Lai.

A contract on a bidding package worth VND30 trillion (nearly US$1.29 billion) on engineering, procurement and construction (EPC) of the Quang Trach 1 thermal power plant in the central province of Quang Binh was signed in Hanoi on June 17.

A virtual race is underway to raise money for Vietnam’s COVID-19 vaccine fund, with the message “Steps for Solidarity”, according to the Vietnam Sports Administration.

It is likely that Vietnam will have to reduce renewable energy sources in the next five years, as booming development in recent years was weighing on the power system, according to a recent report by the Institute of Energy.

The Vietnam Electricity (EVN) has decided to donate VND1.5 billion (US$64,944) in support of COVID-19 prevention and control in Bac Ninh, Bac Giang and Da Nang, which have borne the brunt of the latest wave of the pandemic since late April.

Electricity of Vietnam (EVN) plans to mobilise 32 billion kWh of renewable energy, including 26.3 billion kWh of solar power, meaning the output of coal-fuelled and hydro-power plants will be reduced.

Vietnam’s total output of electricity from renewable energies hit 9.5 billion kWh in the first four months of 2021, up 156.9% year-on-year, and accounting for 11.8% of the total electricity output, according to a report by the Vietnam Electricity (EVN).

VOV.VN - The Electricity of Vietnam (EVN) Group is poised to become a major economic group and will be able to boast sustainable and efficient operations moving forward, according to a strategy regarding its development towards 2030 and a vision ahead to 2045 as adopted by the Prime Minister.