[Vnbiz] Booming Vietnamese Power Sector: Looking at the Opportunities

[Phan, Tai]

Booming Vietnamese Power Sector: Looking at the Opportunities  


    SINGAPORE, Sept. 13 /PRNewswire/ -- Frost & Sullivan's Energy & Power
Systems Practice in Asia and Middle East (http://www.energy.frost.com )
will host an analyst briefing webinar on the Booming Vietnamese Power
Sector and the opportunities it offers, on September 14th, 2006, at 11:00
hrs (GMT+08:00hrs) Singapore time.
    The last decade has seen economic and industrial growth in several
Asian countries. One such country is Vietnam, where GDP growth has been
hovering around an impressive 8% in past few years. The industrial sector
in country is displaying a double digit growth which has fueled growth in
demand for power by about 15% per year. This increase in power demand makes
the Vietnamese market an attractive prospect for global banks and other
investors.
    Vietnam presently has 28 operational power stations able to generate
8,741 megawatts. Vietnam's electric power industry supplied 53 billion kWh
in 2005 and predicts to almost double to reach approximately 100 billion in
2010.
    Power sector needs in Vietnam have been primarily funded by the public
sector. In order to address rapidly escalating needs, Vietnam will have to
rely more on private participation. To facilitate this, the Government of
Vietnam has decided to open the electric power generation and distribution
sectors to call for investment from other domestic and foreign investors
under various forms, including Independent Power Producers (IPP),
Build-Operate- Transfer (BOT), Build-Transfer (BT), Build-Transfer-Operate
(BTO), Joint Ventures (JVs), and Joint Stock firms. The World Bank has
backed government pleas for private investors to participate in power
generation projects in anticipation of energy shortfalls that could curtail
the nation's economic growth.
    This briefing will cover the opportunities in the Vietnam Power Sector
and highlights of the briefing include the current scenario of the Vietnam
power market, past trends and future forecasts, government measures to meet
growing demand, opportunities & threats present for private investors &
IPPs and insights to directions ahead.
    This briefing will benefit power generation companies, power
distribution and transmission companies, power equipment suppliers, IPPs,
BOT, BTO, BT, EPC contractors, power plant management companies, Joint
Stock firms.
    Shruti Gupta, Program Manager with the Energy & Power Systems group at
global growth consulting company Frost & Sullivan, said, "Vietnam is likely
to maintain annual economic growth exceeding 7 per cent, with power
consumption growing by as much as 14 per cent over the next five years. The
country requires rapid development of power generation facilities that
would more than double current generation capacity." The government aims to
increase purchases from independent power producers from 14 per cent in
2005, to 33 per cent by 2010, and expects that independent power producers
will account for more than half of total incremental power production
during this period.
    Join us as Shruti shares her insights on opportunities in the power
market in Vietnam. Those interested in registering for the interactive
webinar should send an email to Donna Jeremiah - Corporate Communications
at djeremiah at frost.com with the following information: full name, company
name, title, telephone number, e-mail address, city, state and country. The
registration details will be emailed to you upon receipt of the above
information.
    About Frost & Sullivan: Frost & Sullivan, a global growth consulting
company has been partnering with clients to support the development of
innovative strategies for more than 40 years. The company's industry
expertise integrates growth consulting, growth partnership services, and
corporate management training to identify and develop opportunities. Frost
& Sullivan serves an extensive clientele that includes Global 1000
companies, emerging companies, and the investment community by providing
comprehensive industry coverage that reflects a unique global perspective
and combines ongoing analysis of markets, technologies, econometrics, and
demographics. For more information, visit http://www.frost.com .
     Media Contact:

     Donna Jeremiah
     Corporate Communications - Asia Pacific
     P: +603.6204.5832
     E: djeremiah at frost.com

     Magdalena Oberland
     Corporate Communications - Europe
     P: +44 (0) 20 7915 7876
     E: magdalena.oberland at frost.com

     Trisha Bradley
     Corporate Communications - Americas
     P: 210.247.3870
     E: trisha.bradley at frost.com

     Sharmin Jassal
     Corporate Communications - Australia
     P: +61.2.8247.8900
     E: sharmin.jassal at frost.com

     Surbhi Dedhia
     Corporate Communications - India
     P: +91.22.5001.3431
     E: sdedhia at frost.com


SOURCE Frost & Sullivan