Society

Green light for energy development master plan

Deputy Prime Minister Hoang Trung Hai has approved the designing of a master plan for energy development from 2016-2025.
Deputy Prime Minister Hoang Trung Hai has approved the designing of a master plan for energy development from 2016-2025.

He asked the Ministry of Industry and Trade to select capable bodiesto provide consultation services, appraise the proposal and submit it tothe Prime Minister for approval within the first quarter of 2016.

The Ministry will also be in charge of approving the draft and cost projections for the plan and its implementation.

Previously, the Prime Minister approved the National Strategy onEnergy Development through 2020 with a vision towards 2050.

Its general objectives include ensuring national energy security,providing adequate and high-quality energy for socio-economicdevelopment and effectively exploring and utilising the national energyresources.

It also aims to establish a healthycompetitive energy market, diversify energy investment and trading,develop renewable and alternative energy sources, and boost the sectorin a sustainable and environmentally-friendly manner.

Planning the national energy system lays a crucial foundation fordesigning relevant policies and programmes on sustainable development,especially in integration and market-oriented electricity development.-VNA
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