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Vinacomin guarantees coal supplies

Released at: 19:48, 07/08/2015

Vinacomin guarantees coal supplies

Guarantee made to Minister of Industry & Trade amid concerns over electricity production at thermo power plants around the country.

by Tien Minh

Mr. Dang Thanh Hai, CEO of the Vietnam National Coal - Mineral Industries Group (Vinacomin), has committed to ensuring coal supplies for electricity production at thermal power plants around the country despite the after effects of the recent severe floods in the north of the country.

There have been concerns expressed that the entire southern region may encounter power shortages if electricity production is affected by an insufficient supply of coal for thermal power plants because of the floods in the major coal mining region in the north, especially in Quang Ninh province.

Minister of Industry and Trade Vu Huy Hoang gave an order at a meeting held on August 7 that Vinacomin must overcome the consequences of the floods on its coal production and business as soon as possible and mitigate any negative impacts from unstable coal supplies.

Mr. Hai therefore confirmed with Minister Hoang that Vinacomin would do its best to ensure coal supplies for electricity production around the country. He added that it would even import coal if necessary to ensure electricity supplies are sufficient for daily life and business in the southern region.

Vinacomin has estimated losses and damage from the floods at approximately VND1.2 trillion ($55 million). The group expects that its mines will need at least another week or two before exploitation can return to a stable level.

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