MoIT concerned over potential electricity shortages

Minister of Industry and Trade Tran Tuan Anh sounded the alarm about the high risk of power shortages at a meeting earlier this week.
MoIT concerned over potential electricity shortages ảnh 1Staff of electricity company fix the line in Bac Tu Liem district, Hanoi (Photo: VNA)
Hanoi (VNS/VNA) - Ministerof Industry and Trade Tran Tuan Anh sounded the alarm about the high risk ofpower shortages at a meeting earlier this week.

In a report sent to theGovernment and the National Assembly, the Ministry of Industry and Trade (MoIT)said extreme weather conditions have left many hydropower plants withoutenough water to produce electricity.

The MoIT plans to import 20million tonnes of coal in 2020 and 35 million tonnes in 2035. It alsoadded the local supply of gas was not enough to generate electricity forprojects in the southeast and the southwest of the country. There are more than10 projects in the area accountingfor 16 percent of total capacity in Viet Nam.

MoIT said demand forliquefied natural gas (LNG) will continue to be strong, outpacing domesticproduction by 2020 requiring the country to import around one million cubicmetres a year. 

Phung Van Sy, general manager ofthe ministry’s oil and gas division, said Vietnam’s natural gas supply iscurrently 9-10 billion cubic metres a year.

Currently, the electricity systemstill met demand for socio-economic development, however, with no backup plan,there was a risk of electricity shortage in 2020, said MoIT.

In 2021-2025, even by usingthe maximum of oil-powered sources, there will be a shortage of electricity inthe south with the shortage increasing from 3.7 billion kWh in 2021 to nearly10 billion kWh in 2022, predicted the MoIT.

The ministry also said the highestdeficit of electricity will be in 2023 with a shortage of 12 billionkWh, then a gradual decrease to 7 billion kWh in 2024 and 3.5 billion kWhin 2025. 

MoIT needs to take actions toensure national energy security, said Anh at the meeting.

“There are many electricityprojects that are behind schedule, causing the risk of electricity shortage,”he added.

The MoIT has requested agenciesreview the situation and take measures to hasten the delayed projects so Vietnamhas more sources of electricity.

Together with the action, Anhtold his ministry to study and find alternative solutions such as electricityimports and renewable energy. He asked them to review current mechanismsand policies of energy so see what should be changed to fix the problem.

He also asked the NationalSteering Committee for Electricity Development to monitor the electricitysituation and to work with the Committee for Management of State Capital atEnterprises to issue capital, especially foreign currency, to help electricityenterprises in Vietnam boost production.

Anh said relevant unitswill have a monthly working session on the matter, which they can use toreview the situation of delayed projects and prepare for different powergeneration scenarios.

“The MoIT will have a specificreport to the Government about the risk of electricity shortage andoffer solutions for the problem,” said Anh./.
VNA

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