The O Mon III thermal power plant in the Mekong Delta city of Can Tho is facing lingering issues related to investment policy and responsibility, leading to the protracted delay in part of the gas project.
PDP8 expected to be tabled for government approval in June 18:18 | 03/05/2021
The draft Power Development Plan 8 will have to undergo one more round of tweaks
At the meeting between ministries and relevant authorities, which was hosted by Le Van Thanh, Deputy Prime Minister cum head of the National Steering Committee for Power Development, the Ministry of Industry and Trade (MoIT) was asked to review the draft Power Development Plan 8 (PDP8).
This masterplan was not approved in late March under the 2016-2020 government term as expected, though the MoIT on behalf of the Appraisal Council presented the report on the assessment of the draft PDP8 for the period of 2021-2030, with a vision to 2045. Accordingly, the Appraisal Council reached a conclusion that the draft PDP8 met the conditions to be submitted to the government for approval.
Coal to lead Vietnam power generation over next decade, says GlobalData
During the period 2020–2030, the renewable power generation in Vietnam is expected to increase its share from 5.1% of the total generation to 17.4%. Despite this, it is estimated that coal power generation will reach 177.7TWh by 2030 contributing almost 39% of the total power generation in the country maintaining its current dominance, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Vietnam Power Market Outlook to 2030, Update 2021 – Market Trends, Regulations, and Competitive Landscape’, Vietnam’s power consumption will increase from 217.1TWh in 2020 to 361.5TWh in 2030. In 2020, the total power generation in Vietnam stood at 241.1TWh, of which 104.9TWh (or 43.5%) was sourced from coal-fired power plants.
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