| Abstract | As the Vietnam’s awareness, Vietnam is developing country with the fast growth speed
during 20 years in Asian country along with the fast growth rate of power industry. In
some recent years, Vietnam is always in the “shortage of power” situation. Vietnam is
rich in energy to produce power. However, the traditional energy will come to an end
in the next decades. The Vietnam government is on the way to set up the mechanism to
support the investors to develop an energy which is friendly with the environment.
Normally, when there is a high demand, this industry has many places to grow up and
create many opportunities for investors. However, the picture of power investment in
Vietnam at an early stage proposes a lot of problems need to be solved. Before
investing in a project, the investors study carefully the feasibility of project. If they put
money to develop the project, they can get money back or not, when and how. These
are normal questions. What do the investors think when the power price is much lower
than the cost and they don’t receive any support from the government? That’s big
question for many investors in Vietnam in many years. The result is that Vietnam is
still in the “shortage of power” situation in many years.
As a leading power supplier in Vietnam, the annual capacity accounts for 10% of
national power system, Petro Vietnam Power (PVPOWER), a subsidiary of Petro
Vietnam (PVN) in charge of power industry, have many choices in development.
PVPOWER decide to develop the Phu Quy island wind power project with small
capacity. That’s the first and new start of PVPOWER in developing wind power. This
small project explains the characteristic advantages and disadvantages in developing
wind power in Vietnam. The success of project will lead PVPOWER to develop more
other wind power projects and propose solutions to the Government to set up support
mechanism for investors to develop the wind power in Vietnam. |