Vietnam coal price for power to rise by 47 per cent

• 14 years ago (2010-03-04)
• David Flin

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The Vietnam National Coal and Mineral Industries Group has announced new coal prices for electricity generation. The price of coal dust No 4B sold to power plants is set to rise by 47 per cent to $34 per tonne, while that of coal dust No 5 will increase by 28 per cent to $27 per tonne.

Nguyen Van Hai, Deputy Director of the group, said that the price adjustment was for the group’s reinvestment activities. According to Hai, the group is investing in five new coal mines with an estimated capacity of 1.5-2 million tonnes per year at an expected investment capital between $100-130 million each.

According to the group’s forecast, Vietnam will have to import coal for the next three years and the group has set up a special team to prepare for import activities in the future.