Samsung eyes Vietnam’s power sector

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vietnam-quang-ninh-power-stationSouth Korean industry giant Samsung is considering investing in Vietnam’s power sector, the country’s Department of Energy said on September 7.

Samsung will survey 5 power projects in the central and southern regions of Vietnam in September “to select a good place for investment.”

Samsung and its local consulting unit, the national Institute of Energy under the ministry, are expected to conduct a field survey of the project sites for the investment.

Specifically, the 5 projects which are under Samsung’s radar are Quynh Lap 2 Power Plant (Nghe An Province), Vung Ang Power Plant 3 (Ha Tinh Province), Quang Trach 2 Power Plant (Quang Binh Province), Hau River Power Plant 3 (Hau Giang Province), and Kien Luong Power Plant (Kien Giang Province).

In 2013, Vietnam planned to consume over 133.4 billion kWh of electricity, an increase of 11 per cent from 2012. Vietnam will import 3.5 billion kWh from China, an increase of 1 billion kWh more than 2012. Hydroelectricity still contributes about 40 per cent of total electricity generation, follows by thermal gas turbine with 33 per cent, coal with 22 per cent, and the rest comes from petroleum and power imports.

In 2004, Vietnam began to build a nuclear power plant with loans from Russia. In March 2012,an intergovernmental pact was signed between Vietnam and South Korea to start a one-year feasibility study for the construction of four Korean-developed nuclear reactors. Samsung is a major player in the nuclear power sector

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Reading Time: 1 minute

South Korean industry giant Samsung is considering investing in Vietnam’s power sector, the country’s Department of Energy said on September 7.

Reading Time: 1 minute

vietnam-quang-ninh-power-stationSouth Korean industry giant Samsung is considering investing in Vietnam’s power sector, the country’s Department of Energy said on September 7.

Samsung will survey 5 power projects in the central and southern regions of Vietnam in September “to select a good place for investment.”

Samsung and its local consulting unit, the national Institute of Energy under the ministry, are expected to conduct a field survey of the project sites for the investment.

Specifically, the 5 projects which are under Samsung’s radar are Quynh Lap 2 Power Plant (Nghe An Province), Vung Ang Power Plant 3 (Ha Tinh Province), Quang Trach 2 Power Plant (Quang Binh Province), Hau River Power Plant 3 (Hau Giang Province), and Kien Luong Power Plant (Kien Giang Province).

In 2013, Vietnam planned to consume over 133.4 billion kWh of electricity, an increase of 11 per cent from 2012. Vietnam will import 3.5 billion kWh from China, an increase of 1 billion kWh more than 2012. Hydroelectricity still contributes about 40 per cent of total electricity generation, follows by thermal gas turbine with 33 per cent, coal with 22 per cent, and the rest comes from petroleum and power imports.

In 2004, Vietnam began to build a nuclear power plant with loans from Russia. In March 2012,an intergovernmental pact was signed between Vietnam and South Korea to start a one-year feasibility study for the construction of four Korean-developed nuclear reactors. Samsung is a major player in the nuclear power sector

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