January 15, 2012
The location in Ninh Thuan Province's Ninh Phuoc District chosen for Vietnam's first nuclear power plant to be built in 2014. Prime Minister Nguyen Tan Dung has reaffirmed Vietnam’s determination to build a nuclear power plant because the country is due to experience serious power shortages in the next decade. “We are determined to develop [...]
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January 14, 2012
Vietnam aims to raise its coal output to 55-58 million tons in 2015 from an estimated 48.9 million tons this year in an effort to meet demand for fast-growing electricity production, the government said. Output is projected to rise to more than 75 million tons by 2030 thanks to the exploitation of new sites, [...]
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January 9, 2012
EVN Telecom posted revenues of nearly VND2.43 trillion last year. The transfer of EVN Telecom, a unit of state utility Electricity of Vietnam, to Viettel has started and will be completed by the end of March, news website VnExpress reported. EVN Telecom posted revenues of nearly VND2.43 trillion (US$115.5 million) in 2011, equal to just 62.7 percent of [...]
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January 9, 2012
EVN targets a total electricity generation of 118.5 billion kilowatt-hours in 2012 State-owned utility Electricity of Vietnam has reported an estimated loss of VND3.5 trillion in 2011 (US$166.4 million), lower than its original projection of VND11 trillion. The group, also known as EVN, has taken measures to cut operating costs to reduce losses, news website VnExpress [...]
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December 26, 2011
Vietnam raised electricity prices by 5 percent last Tuesday The Ministry of Finance said prices of electricity, coal, fuel products and public services, which are heavily subsidized by the government, will be determined by the market no later than 2013. Prices of these essentials will gradually be “given back to the market,” the ministry said [...]
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December 14, 2011
Electricity of Vietnam's debt-to-equity ratio is not safe, according to the Ministry of Investment and Planning. Electricity of Vietnam has a debt-to-equity ratio of 4.25, much higher than the average 1.98Â for the country’s state-owned enterprises, news web site VnExpress reported Saturday, citing the Ministry of Investment and Planning. The report said that the high ratio [...]
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December 10, 2011
A file photo taken last July shows trucks and heavy machinery taking part in road work at the Xayaburi dam construction site in Xayaburi Province, Laos. Construction of the US$3.8-billion Xayaburi dam will be suspended pending further impact studies to be done by Japan, the four countries that share the lower reaches of the [...]
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November 25, 2011
Russia agreed to lend Vietnam as much as $9 billion to fund the construction of the Southeast Asian nation’s first nuclear power plant as the countries deepen their economic ties. “The total loan value will be between $8 billion and $9 billion, depending on prices of materials at the time we start construction,” Phan [...]
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September 20, 2011
Land-locked neighbor reveals plans to start construction of controversial dam months before regional meeting decides on the issue A handout photo released by the US-based environmental group International Rivers shows construction on the Xayaburi dam’s access road and work-camps has gone ahead despite commitments by the government of Laos in April to temporarily suspend [...]
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September 10, 2011
A file photo taken just downstream of the proposed site for the Xayaburi dam. Thailand doesn’t actually need the power the massive hydroelectric dam will create, experts have said. Laos plans to start construction this year on the $3.8 billion Thai-financed Xayaburi hydropower plant on the Mekong River after changing the design to placate [...]
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