Việt Nam is at a crossroads. Its economic rise is contributing to an emerging energy supply crisis that could endanger its economic competitiveness and its ability to share prosperity more widely.
Gia Lai Electricity Joint Stock Company has hired Japanese-owned JGC Vietnam Co., Ltd as the contractor for the construction of a solar power plant in the Tây Nguyên (Central Highland) province of Gia Lai Province’s Krong Pa District.
IFC, a member of the World Bank Group, and the Singapore-based Armstrong S.E. Clean Energy Fund announced investments in the Gia Lai Electricity Joint Stock Company (GEC) on June 30.
Gia Lai Electricity Joint Stock Company said four out of 14 hydroelectric plants under its management have stopped generating electricity because the water levels in almost reservoirs are at “dead level”, at which plants cannot operate.