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Retail Asia06/01/2020

State power utility EVN will buy around 1.5 billion kWh of electricity a year from Laos for two years starting in 2021. Under contracts it signed on Saturday, Vietnam Electricity (EVN) will buy over 596 million kWh a year from two hydropower plants belonging to Phongsubthavy Group and 632 million kWh from two plants belonging […]

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Retail Asia14/11/2019

A halt to investment in new coal-fired power plants is required to check the trend of increasing coal consumption, a report warns. The report, released on Monday by the Ministry of Industry and Trade in collaboration with Denmark’s Energy Agency, said the country needs early action to reduce future coal demand, which could include taxation […]

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Retail Asia18/07/2019

Online marketplace Kogan.com has announced it is entering into the energy retail market before the end of this year. The move is part of the retailer’s multi-year agreement with Powershop Australia, a part of the Meridian Energy group, to offer competitive power and gas services to Australian households under the brand Kogan Energy. David Shafer, […]

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Retail Asia24/05/2019

United Overseas Bank on Monday launched Singapore’s first online utility marketplace by a bank, as part of the Open Electricity Market initiative. United Overseas Bank (UOB)’s utility marketplace will add to an existing array of comparison websites under Singapore’s Open Electricity Market initiative by the Energy Market Authority. Featuring 10 utility providers on a single website, customers […]

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Retail Asia16/04/2019

Vietnamese manufacturers are set to increase their selling prices following the 8.36 per cent hike in electricity price that launched from March 20. Việt Nam Cement Industry Corporation (VICEM) Bút Sơn announced it would increase the price of its cement by VNĐ30,000 (US$1.29) per tonne immediately after the power price increase. Đỗ Tiến Trinh, VICEM Bút Sơn’s […]

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Retail Asia29/03/2019

Vietnam’s power prices went up 8.36 percent Wednesday after remaining unchanged for two years. A senior official of the Ministry of Industry and Trade told that prices have gone up from VND1,720 (7.4 cents) per kWh to VND1,864 (8 cents), exclusive of VAT. The ministry had said earlier this month that the Prime Minister had […]

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Retail Asia08/01/2019

PV Power, the country’s second largest power producer, will list on the Ho Chi Minh bourse this month with a market capitalization of $1.5 billion. The Ho Chi Minh Stock Exchange (HoSE) has approved that the firm lists 2.34 billion shares (trading code POW) on January 14 at VND14,900 (64 cents) per share. This would […]

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Retail Asia07/01/2019

The government Thursday reaffirmed Vietnam’s desire for a greener energy mix amid the risk of a power deficiency. Environment-friendly coal- and gas-fueled and renewable power plants would make up the mix. While Vietnam faces “obvious risks of an energy shortage in the coming years … it will not sacrifice the environment for economic growth,” Deputy […]

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Retail Asia10/12/2018

The investment rush in solar energy could end up testing Vietnam’s weak power infrastructure, experts say. They say that both transmission capacity and the ability of grids to absorb the energy produced by new projects are suspect, as of now. The 9.35 U.S. cents per kWh Feed in Tariff (FIT) for solar power in Vietnam […]

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Retail Asia06/12/2018

Vietnam’s new feed-in tariffs are attracting great interest in wind power, but investors are concerned about grid connection and purchase agreements. The new feed-in tariffs (FIT) are expected to be attractive to domestic and foreign investors, Tommaso Rovatti Studihard, South East Asia sales director for wind power developer Vestas Asia Pacific said. The government recently […]

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Retail Asia06/12/2018

Prime Minister Vietnam Nguyen Xuan Phuc has ordered agencies to ensure that the country won’t suffer power shortages in 2019. The Prime Minister has communicated this to relevant agencies several times, Mai Tien Dung, Minister and Chairman of the Government Office, said at the government’s regular press conference on Monday. The communiqués have instructed the […]

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Retail Asia05/12/2018

The ongoing coal shortage could lead to power cuts in Vietnam early next year, Vietnam Electricity (EVN) has warned. The national power utility said in a recent report to Deputy Prime Minister Trinh Dinh Dung that the country will need over 54 million tons of coal for electricity production next year, of which 43.4 million […]

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Retail Asia25/10/2018

LG Chem said Tuesday that it will invest 2.1 trillion won ($1.8 billion) by 2023 to build electric vehicle batteries in China in the latest move to meet growing demand for batteries for zero-emissions cars. Korea’s top chemical company said it has broken ground on a three-story plant on the 198,300-square-meter (49 acre) site in […]

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Retail Asia12/10/2018

Deputy Minister of Industry and Trade Do Thang Hai said Friday that national utility Vietnam Electricity (EVN) might need to cover an incurred cost of VND20.73 trillion ($892.18 million) between 2018 and 2019. This include incurred costs of VND5.48 trillion ($235.92 million) this year and projected costs of VND15.25 trillion ($668 million) next year, Hai […]

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Retail Asia30/04/2018

SAP today announced that more providers are choosing SAP Hybris solutions for utilities to stay ahead of the industry, support generation of new revenue and increase profits. Integration of the SAP Hybris solution into SAP S/4HANA, utilities billing capabilities and industry-specific capabilities of the SAP Customer Relationship Management application are helping providers deliver expert advice and bundled […]

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Retail Asia02/01/2018

In the industrialized zone of western Singapore some of the only night owls are electricity traders on 24-hour shifts, bidding prices for a commodity traded at half-hour intervals because it cannot be stored and shipped like oil or gold. Singapore has come a long way from a government-regulated power supply era. In 2018, it will […]

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Retail Asia12/06/2017

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The largest Chinese power company “China Huadian Corporation” has the opportunity to invest in power plants in Indonesia. “The Chinese firm wants to invest in our power plants. I have suggested that it should find a good local partner,” Energy and Mineral Resources Minister Ignatius Jonan informed us in Beijing on Thursday night. According to […]

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Retail Asia06/06/2017

Air conditioners and fans have been going at full blast as locals take cover. Vietnamese people have been draining the national power grid in an effort to keep cool over the past few days as temperatures climb to record highs, especially in the north. Nationwide power consumption was measured at 630 million kilowatt-hours (kWh) last […]

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Retail Asia17/05/2017

The electricity industry must improve its management and technology to reduce losses in the transmission grid as well as eradicate power stealing, which are very serious in rural and remote areas, delegates heard at a seminar in Con Dao Island in the southern province of Ba Ria – Vung Tau. Viet Nam is ranked 88th […]

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Retail Asia20/03/2017

The Vietnam High Efficiency Software Corporation (VHES) on Thursday launched its Head End System (HES) software to be used to manage the city’s smart electricity grid. The software, which uses Vietnamese-made chips, is intermediate software that VHES developed based on the Integrated Circuit Design Research and Education Center’s research project. VHES is the first high-tech […]

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