Power sector seeking ways to grow further

Vietnam is striving for a commercial electricity output of 337.5 billion kWh by 2025 and 478.1 billion kWh by 2030, down 15 billion kWh and nearly 230 billion kWh compared with those in the adjusted Power Planning VII.
Power sector seeking ways to grow further ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) - Vietnam is striving for a commercial electricityoutput of 337.5 billion kWh by 2025 and 478.1 billion kWh by 2030, down 15billion kWh and nearly 230 billion kWh compared with those in the adjustedPower Planning VII.

The revision was contained in a report from the Ministry of Industryand Trade (MoIT) delivered to the National Assembly Economic Committee’ssession on September 7 reviewing the electricity sector and electricitydevelopment measures by 2030 to better meet socio-economic developmentrequirements.

The report highlighted that Vietnam’s power output enjoyed a ten-foldincrease from 1990 to 2019. As of late 2019, total produced and importedelectricity output was 239 billion kWh.

Special attention was paid to building and upgrading power supplyinfrastructure. All communes and 99.52 percent of households now have access toelectricity.

The Government also issued a range of mechanisms and policies adjustingpower prices in accordance with the market mechanism, thus facilitating thesector’s financial autonomy.

The report also pointed to 10 major power projects that ought to havebeen put into operation during 2016-2020 but are proceeding slowly, includingSong Hau 1, Thai Binh 2, Long Phu 1, Na Duong 2, and Cam Pha 3.

The MoIT has emphasised that slow progress poses a high risk to power suppliesduring the 2021-2025 period.

To ensure that supply and demand are balanced, the sector has been advisedto seek measures to optimise existing power sources and develop electricityfrom renewable energies from the beginning of 2021.

Minister of Industry and Trade Tran Tuan Anh said the electricitysector will prioritise developing power sources from renewable energies such aswind and solar power as well as liquefied natural gas (LNG) power, and willcontinue to increase power imports from Laos, which are to total 3,000 MW by 2025./.
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