AFD provides loan for Vietnam’s first pumped-storage hydropower plant
The loan worth EUR76 million ($89.47 million) to implement the Bac Ai pumped-storage hydropower plant in central Khanh Hoa province.
Power supply resumed for 99% of typhoon-affected customers
Power restored for more than 6 million affected customers, as of September 17.
EVN: 100,000 clients still remain without power in the Northern region after Typhoon Yagi
Stable power supply has been restored to 98 per cent of EVN clients affected by super typhoon Yagi.
Vietnam Businesses Cut Power Costs Up To 15% with Load Adjustment Program
Amidst surging electricity demand, Vietnamese companies are saving money by shifting production outside of peak hours.
EVN, European Investment Bank sign MoU on energy development
MoU expected to open up opportunities for European bank to directly fund power projects in Vietnam.
EVN to get key projects underway
Vietnam’s power system was the largest in the ASEAN region last year in terms of power capacity. Electricity of Vietnam (EVN) has set a target for 2022 of commercial power output reaching 242.35 billion kWh, up 7.6 per cent year-on-year, and plans to begin and complete important power source and grid projects.
AFD lends $80mln to EVN for Hoa Binh hydropower expansion
Electricity of Vietnam (EVN) has been granted a concessional loan of €70 million ($80.34 million) without government guarantee from the French Development Agency (AFD), accounting for about 20 per cent of total investment in the Hoa Binh hydropower plant expansion project. This project and other expansions of hydropower projects are part of EVN’s green and sustainable energy development strategy.
EVN facing higher electricity costs
The rising price of imported coal and the world oil price have greatly affected the electricity purchase cost of Electricity of Vietnam (EVN). EVN’s electricity purchase cost in 2021 increased VND16.6 trillion ($726.95 million) compared to the same period of 2020.