Three more wind power plants with a combined capacity of 48.8MW began commercial operation in August, according to the Vietnam Electricity (EVN).
Vietnam Electricity (EVN) is working to implement electricity price reduction for consumers to help ease the impact of COVID-19.
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.
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.
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).
The Prime Minister has approved a proposal from Vietnam Electricity (EVN) to expand the national grid from the Mekong Delta province of Soc Trang to Ba Ria-Vung Tau province’s Con Dao Island via submarine cables.
Low power demand coupled with oversupply of electricity at times have forced authorities to cut the capacity of renewable energy plants in order to avoid overwhelming the national grid, according to the Ministry of Industry and Trade (MoIT).
The Ministry of Industry and Trade (MoIT) has issued an express dispatch requesting the People's Committees of cities and provinces and Vietnam Electricity (EVN) to urgently review and list all issues related to solar power development.
Nguyen Duc Ninh, Director of the National Power Regulation Centre, has said Vietnam will cut its renewable electricity capacity due to oversupply.
The Vietnam Electricity Northern Power Corporation (EVNNPC) has been recently assigned a Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘BB’ with a Stable Outlook by Fitch Ratings.