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Vietnam top coal miner says increasing sales to power plants

09 May 2024

 

HANOI: Vinacomin, Vietnam's largest coal miner, said it had significantly boosted sales to fuel domestic power plants at the same time as the country is ramping up its coal imports to try to avoid a repeat of last year's power shortages.
The Southeast Asian country, a regional manufacturing hub heavily reliant on coal for power generation, has over the recent years faced pressure to maintain sufficient power supplies during heatwaves.

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Coal-fired power plants account for 37.5 per cent of Vietnam's total installed power generation capacity, but in recent weeks has been responsible for around 67 per cent of total electricity output, according to data from state utility Electricity of Vietnam.
The company's coal sales to power plants totalled 15.3 million metric tons in the January-April period, up 13.8 per cent from a year earlier, the state-run miner, formally known as Vietnam National Coal Mineral Industries Holding Corp., said in a statement this week.