[Vnbiz] EIU Vietnam Energy Resources and regulation

[Craig Stevenson]

Vietnam energy: Resources and regulation
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 September 4th 2006

   FROM THE ECONOMIST INTELLIGENCE UNIT

Electricity production is adequate, but vulnerable

Power generation reached 53.3bn kwh in 2005, up from 30.7bn kwh in 2001.
This expansion has been driven by increased power generation from
gas-turbine power plants at the Phu My power-generation complex. Vietnam's
power-generation sector had installed capacity of 11,340 mw at end-2004, up
from 9,895 mw at end-2003 and 8,860 mw at end-2002, according to the
state-owned electricity generator and distributor, Electricity of Vietnam(EVN).

Despite the expansion in energy provision, the system remains vulnerable to
shortages because of its heavy reliance on hydropower, which is dependent on
the amount of rainfall. As a result, the government is shifting to
natural-gas and coal-fired power plants. At end-2004 installed capacity of
hydropower plants totalled 4,155 mw, unchanged compared with the level at
end-2003, but the capacity of gas-turbine power plants rose to 2,939 mw at
end-2004, up from 2,489 mw at end-2003. The capacity of independent power
plants (IPPs) has also increased sharply, rising to 2,518 mw at end-2004, up
from only 6,120 mw in 2002. Coal-fired thermal power accounted for 11% of
total installed capacity at end-2004, with diesel- and oil-fired thermal
power accounting for the remainder.
The Economist Intelligence Unit
Source: Country
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