TITLE:
Determination of the Risk of Coal Supply Chain for Thermal Power Plants in Vietnam
AUTHORS:
Quang Tran Van, Quoc Hung Vu, Sy Hung Mai
KEYWORDS:
Risk Management, Risk Assessment, Transport of Coal by Sea
JOURNAL NAME:
Open Journal of Business and Management,
Vol.9 No.4,
July
8,
2021
ABSTRACT: Currently, electricity is one of the developing fields and plays an
important role in the socio-economic life of Vietnam. In which, the power
output provided by thermal power plants is very large. In order to ensure
stable operation and high productivity of
thermal power plants, the Government and people of Vietnam have been
making efforts to improve the infrastructure, especially the logistics of
shipping by sea to serving the operation of thermal power plants. However, shipping
by sea, Vietnam still faces many challenges that
need a lot of effort to solve. Currently, shipping by sea is very risky,
causing negative impacts on the operation of thermal power plants. In which, the coal supply system plays an important role. Risk
assessment has been recognized as a useful tool to identify hazards,
analyse weaknesses and risks of shipping by sea, and select appropriate
mitigation measures. A questionnaire has been compiled that includes 38 factors
that create possible risk events during shipping by sea. The risk matrix is
used as the basis for quantitative risk analysis to identify the most important
risks that greatly affect the operation of thermal power plants and indicate
solutions to control risks. Research
analysis and risk assessment based on the survey questionnaire, achieved
the following results: 1) Recognizing that, there are 27 major risks affecting
the transport of coal by sea; 2) Scientific rating of the effect of all risks
to sea transport of coal; 3) Make recommendations that can reduce or eliminate
influencing factors. This study provides a valuable reference to help the
investor and the contractor complete the
plan, ensuring the benefits for the parties involved in the contract to perform the operation of the thermal power plant.