Some investors solicit for hydropower projects

VCN- The hydropower development over time is inadequate as the quality of planning and construction in some projects not meet the standards, still violate the regulations on plant operation, causing the pressing in people.
some investors solicit for hydropower projects
468 projects are eliminated due to lack of investment efficiency, having bad impacts on the environment and society. Photo: the internet.

Causing the pressing

So far, the review of small hydropower has been relatively completed and detailed in the whole country, meeting the requirements of the National Assembly's Resolution No. 62/2013/QH13. The overall planning of small hydropower projects in the whole country after the review is 713 projects with 7,217.64 MW. Of which, 264 projects with 2,658.96 MW have been put into operation, 146 projects with 1,833.5 MW are under construction, 250 projects are under research to invest with 2,459.7 MW, while the rest of 53 projects have not researched to invest yet.

The demand for electricity in Vietnam has increased sharply, especially, in the period 2011-2015, the demand for commercial electricity rises 9.5% per year, consumer electricity increases about 11% per year.

At the workshop on "Small and Medium Hydropower Planning, Renewable Energy Development: Safe, Effective and Sustainable" on October 5, 2017, Mr Tran Van Tung, Deputy Minister of the Ministry of Science and Technology says that, it is predicted to 2030, Vietnam and many countries in the world will face the risk of serious energy shortage. The development of hydropower and renewable energy is urgent, but it must be parallel with the environmental protection.

However, over the time, the management of hydropower planning is not synchronous, causing many shortcomings. According to the Ministry of Industry and Trade, after investors have the projects, they buy and sell instead of implementing as the investment certificate has been issued.

Eventually, some investors, consultants, and contractors have violated the law during the process implementation, or operation activity, not to mention the management ability to exploit, project design have not met the requirements.

This consequence, Mr. Hoang Quoc Vuong, Deputy Minister of Industry and Trade says, make the quality of planning and construction in some project not meet standards, violate the regulations on operation of the plants, causing the disturbed to the public.

Thus, the Ministry of Industry and Trade has collaborated with localities to strengthen the inspection, review the planning. As a result, after reviewing, it has eliminate 468 projects due to lack of investment efficiency and negative impacts on the environment and society.

Take consideration of the environmental factors

The reason for the Ministry of Industry and Trade remove drastically 468 small hydropower projects, according to Mr. Tran Van Lương, director of the Industrial Safety Techniques and Environment Agency, is that many hydropower dam owners have not actively applied science and technology in forecasting and calculating the volume of water flooding in the reservoirs for efficient and safe operation of these reservoirs.

These shortcomings are due to lack of regulations on the dam owners to install hydrographic monitoring equipment in the reservoir basin such as the regulations on the density, type of equipment. Therefore, there is no basis for the dam owners to install effective reservoir operation.

It is known that the Ministry of Industry and Trade has not yet considered restarting these projects.

According to Mr. Tran Dinh Thien, Director of the Vietnam Institute of Economics, Vietnam can supplement and continue to implement small and medium hydropower projects, within the condition of changing policies, mechanisms and solutions to ensure long-term benefits, paying particular attention to environmental issues and stabilizing the life of affected people.

Therefore, in order to minimize the negative impact on the environment, Mr Do Duc Quan, deputy head of the Electricity and Renewable Energy Department (Ministry of Industry and Trade), says the functional agencies will provide the sanctions for investors of hydropower projects in these cases: No replanting of plantation, delay payments for forest environmental services, violations of reservoir operation procedures, no guarantee of maintaining environmental discharge.

In particular, the authorities will resolutely handle cases of violation or not strictly comply with the current regulations on investment management, construction quality, commitments to ensure the environment regulated by the Law.

“In case of serious violations, in addition to the financial sanctions, the electricity activity license may be withdrawn or sanctions imposed on survey, design, supervision and contractor units. When the projects caused serious damage, it can be prosecuted”, said Mr. Quan.

Five solutions for sustainable development of small and medium hydropowers

Firstly, improving the effectiveness of reviewing and evaluating hydropower planning of hydropower plants in operation.

Secondly, strengthening the central tasks from the central departments of State to local authorities in inspecting, supervising and urging the implementation and complying with law.

Thirdly, resolutely handling cases of violation or failure to strictly comply with current regulations.

Fourthly, enhancing the coordination among ministries, branches and localities to manage the planning, investment in construction and operation well.

Fifthly, the Government, ministries and functional agencies should soon consider to supplement and amend the decrees, circulars, and institutions to respond promptly to the development of small-sized hydropower plants to ensure the efficency and sustainability; consider the attraction of invesment into small hydropower plants for foreign investors.

By Phan Thu/Kiều Oanh

Related News

Japanese investors highly appreciate Vietnamese property market

Japanese investors highly appreciate Vietnamese property market

Representatives from around 180 Japanese businesses and investors on April 1 attended a Tokyo workshop on Vietnamese real estate, during which many of them highly appreciated the potential of Vietnam’s property market.
Vietnam"s retail market proves attractive for foreign investors

Vietnam"s retail market proves attractive for foreign investors

Vietnam is becoming an attractive retail market for companies all over the world with many regional and global FDI investors recently announcing plans to increase capital and expand distribution networks here.
Expectations to boost the corporate bond market

Expectations to boost the corporate bond market

VCN - The corporate bond market is expected to be opened up after Decree 08/2023/ND-CP amends, supplements and ceases the effect of a number of articles in the issued decrees regulating the offering and trading of privately issued corporate bonds. New regulations are issued to remove major difficulties in the market and are a timely solution to stabilize the corporate bond market, experts said.
Minister hopes US becomes biggest investor in Vietnam

Minister hopes US becomes biggest investor in Vietnam

Minister of Planning and Investment Nguyen Chi Dung has voiced his hope that US enterprises will become the biggest investor in Vietnam to seize every cooperation opportunity in the countries’ development process on the basis of equality, mutual respect, and mutual benefits.

Latest News

Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General David Hurley, his spouse and the Australian delegation left Ho Chi Minh City on April 6, wrapping up his State visit to Vietnam from April 3-6.
Vietnam active at UN Human Rights Council’s 52nd session

Vietnam active at UN Human Rights Council’s 52nd session

The Vietnamese delegation, led by Deputy Prime Minister Tran Luu Quang, made active contributions to the agenda of the 52nd regular session of the UN Human Rights Council (UNHRC) that concluded in Geneva on April 4.
Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM

Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM

Prime Minister Pham Minh Chinh affirmed Vietnam’s commitment to cooperation in building a prosperous, fair and healthy Mekong river basin while addressing the fourth Mekong River Commission (MRC) Summit in Vientiane, Laos on April 5.
Việt Nam, US hold 12th political, security, defence dialogue

Việt Nam, US hold 12th political, security, defence dialogue

They shared their determination to maintain cooperation in clearing mines and explosives, decontaminating dioxin, supporting war-affected people in Việt Nam.

More News

Private sector remains driving force for economy

Private sector remains driving force for economy

The private business sector has been an important driving force of the economy and is expected to raise GDP contribution to 55% by 2025, a top economist told the second Private Economic Forum 2023 in Hanoi on April 2.
State visit to Vietnam by Australian Governor-General to deepen the two’s goodwill, trust: expert

State visit to Vietnam by Australian Governor-General to deepen the two’s goodwill, trust: expert

The State visit to Vietnam by Australian Governor-General David Hurley at an invitation of President Vo Van Thuong will deepen the goodwill and trust for the mutual benefit of both countries, said Dr Suiwah Leung, Honourary Associate Professor at the Australian National University’s Crawford School of Public Policy.
Vietnam"s economy to grow by 6.6% this year: OECD

Vietnam"s economy to grow by 6.6% this year: OECD

Vietnam's economy will grow by 6.6% this year and at a similar rate in 2024, according to a report released on March 31 by the Organisation for Economic Co-operation and Development (OECD).
Bright outlook for Vietnamese tourism in new situation

Bright outlook for Vietnamese tourism in new situation

Vietnam’s tourism holds a lot of potential for development, especially in the context of new favourable factors, according to an article published on the website of Lianhe Zaobao newspaper.
Vietnam, US hold 12th Political, Security, Defence Dialogue

Vietnam, US hold 12th Political, Security, Defence Dialogue

The 12th Vietnam-US Political, Security and Defence Dialogue was held in Washington D.C on March 30 under the co-chair of Vietnamese Deputy Minister of Foreign Affairs Ha Kim Ngoc and US Assistant Secretary of State for Political-Military Affairs Jessica Lewis.
Vietnam calls for comprehensive, all-society approach to waste management

Vietnam calls for comprehensive, all-society approach to waste management

Minister Counselor Le Thi Minh Thoa, Deputy Permanent Representative of Vietnam to the United Nations, has called for a comprehensive and all-society approach to sustainable waste management.
Many factors support foreign capital flow

Many factors support foreign capital flow

Many factors are expected to draw cash flow back to the stock market, especially that from foreign investors.
Foreign SMEs pour capital into Vietnam

Foreign SMEs pour capital into Vietnam

Foreign small- and medium-sized enterprises (SMEs) are paying much attention to Vietnam, given the fact that the number of under-1-million USD projects accounted for nearly 70% of the total number of foreign-invested projects registered in Vietnam in the first three months of this year.
Leaders of aviation firms to be disciplined if employees committed wrongdoings

Leaders of aviation firms to be disciplined if employees committed wrongdoings

The Civil Aviation Administration of Vietnam (CAAV) has just released Directive 1480 on enhancing smuggling and commercial fraud prevention among aviation employees.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General David Hurley, his spouse and the Australian delegation left Ho Chi Minh City on April 6, wrapping up his State visit to Vietnam from April 3-6.
Vietnam active at UN Human Rights Council’s 52nd session

Vietnam active at UN Human Rights Council’s 52nd session

The Vietnamese delegation, led by Deputy Prime Minister Tran Luu Quang, made active contributions to the agenda of the 52nd regular session of the UN Human Rights Council (UNHRC) that concluded in Geneva on April 4.
Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM

Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM

Prime Minister Pham Minh Chinh affirmed Vietnam’s commitment to cooperation in building a prosperous, fair and healthy Mekong river basin while addressing the fourth Mekong River Commission (MRC) Summit in Vientiane, Laos on April 5.
Việt Nam, US hold 12th political, security, defence dialogue

Việt Nam, US hold 12th political, security, defence dialogue

They shared their determination to maintain cooperation in clearing mines and explosives, decontaminating dioxin, supporting war-affected people in Việt Nam.
Private sector remains driving force for economy

Private sector remains driving force for economy

The private business sector has been an important driving force of the economy and is expected to raise GDP contribution to 55% by 2025, a top economist told the second Private Economic Forum 2023 in Hanoi on April 2.
Mobile Version