Vietnam jails former minister over solar energy pricing scheme


- Illustrative photo.

HANOI: A court in Vietnam jailed a former deputy minister of industry and trade for six years on Tuesday (April 29) after finding him guilty of “power abuse” in a solar energy development plan.

The South-east Asian country has committed to reaching net-zero carbon emissions by 2050 and is trying to increase wind and solar production to meet soaring demand.

Hoang Quoc Vuong, 62, admitted taking a US$57,600 (S$75,000) bribe to favour solar power plants in southern Ninh Thuan province with special pricing when they sold power to the national electricity company.

Vuong was deputy minister of trade and industry between 2015 and 2020 and chaired state-owned Electricity of Vietnam (EVN) between 2012 and 2015.

According to the verdict, EVN spent almost US$154 million to buy solar power from three solar power plants in Ninh Thuan province between 2018 and 2020, causing a loss of more than US$40 million to the state budget.

Vuong admitted to the court that he received a bribe but his family had paid the amount back.

“I think during my public work performance, I had done things wrong, causing losses. So I take responsibility in paying the amount back to the state,” he told the court.

Vuong said in his final words before the court that his “wrongdoings were painful lessons, erasing my contributions (to the state) in various positions”.

Eleven other energy and tax officials involved in the case were also put on trial.

They were given punishments that ranged from suspended sentences of three years to six years in jail for abuse of power and lack of responsibilities.

The court in Hanoi also ordered three power plants that benefited from the power sales to EVN to pay the US$40 million of losses back to the state-owned group. - AFP

 

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Indonesia confirms US aircraft carrier USS Nimitz's passage through Straits of Melaka
Defence Minister: Cambodia won’t invade, lacks jets to reach Bangkok
Bursa Malaysia to remain cautious, CI to trade within the 1,500-1,500 range beginning from Monday (June 23)
Jakarta welcomes new age with global ambitions
Ringgit to hover around RM4.24 to RM4.25 and expected to stay defensive due to Middle East conflict
How Dongtan in South Korea turned into an online punching bag
C-drama star Li Yitong and top singer-actor Liu Yuning lead the way in China's latest fantasy offering in 'A Dream Within A Dream'
Japanese astronaut finds ISS commander role highly rewarding; due to return to Earth in July
Indian pilgrimages to China's Xizang resume after five-year hiatus
Singaporeans look to recreate slice of home in San Francisco Bay Area to mark SG60

Others Also Read