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Vietnam Energy Association Calls for Hike in Power Price

Posted on : 01 Sep, 2010

 

"The Vietnam Energy Association has sent to the prime minister a petition to increase the electricity price to 8 US cents a kWh from the current 5 cents, and to eliminate the progressive price list.

 

The government is also recommended to raise prices of gas and coal used to produce electric power. The power price increase is expected to boost foreign investment into the energy industry, as the current low power price is not attractive to foreign investors, making it hard to raise foreign funds for developing power projects."

 

Source : Vietnam Business News 26 Aug 2010

 

For power companies who are expanding their operations overseas, now is the time to seek out new opportunities in Vietnam. The Vietnam Government is looking into several initiatives to encourage foreign investments into their power sector due to the power shortage in the country.

 

To find out how to take part in these power developments, and hear what LEADCO Legal Counsel has to share on "Power Sector Reforms and Changes Taking Place under Master Plan VI", make plans to attend the 13^th Vietnam OGPthis 28-29 October (rescheduled to 24-25 February 2011) for details on the new investment opportunities in Master Plan VII but also access to other power producers who are bidding their way to opportunities in Vietnam’s power developments.