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.