Vietnam strives to ease energy pressure
Experts have suggested Vietnam build a balanced energy structure by developing renewable energy, given the increased energy demand in the country.
Solar panels on the top of the headquarters of the Binh Dinh power company in Binh Dinh province (Photo: VNA)HCM City (VNA) – Experts have suggested Vietnam build a balanced energy structure by developing renewable energy, given the increased energy demand in the country.
Statistics show Vietnam uses a great deal of energy, with the industrial sector consuming the most at 47.3 percent of the total.
The southern region faces a severe shortage of electricity as it uses up to 85 billion kWh each year compared with its production capacity of only 70 billion kWh.
Nguyen Phuoc Duc, Deputy General Director of the Southern Power Corporation, said the region is expected to lack about 1.2-1.6 billion kWh each year during 2021-2022, warning the figure may climb higher.
Against this backdrop, experts suggested restructuring power resources in each region and setting up a transmission connectivity system.
According to Nguyen Tan Loc, Vice President and Secretary General of the Vietnam Electrotechnical Industry Association, although Vietnam has developed standby power resources since 2004, the country still faces electricity pressure.
Therefore, he said, renewable energy will help address many issues relating to electricity.
Vietnam has set forth a national renewable energy development strategy, under which renewable energy is hoped to account for 32.3 percent of all energy in 2030 and 44 percent in 2050.
However, natural resources are being exhausted and overexploitation has harmed the environment and human life.
Like other developing countries, Vietnam is seeking renewable energy to replace fossil fuels.
Experts said Vietnam boasts potential for solar energy development, with about 1,600-2,700 sunlight hours per year and the average solar radiation of 4-5 kWh/m2 per day.
Under the national electricity development planning scheme, solar power is expected to become the main renewable energy source in the future, with installed capacity to be increased from 6-7 MW by the end of 2017 to 850 MW by 2020 (1.6% of the country’s power generation) and 12,000 MW by 2030 (3.3% of the country’s power generation).
To that end, the Government has issued preferential policies to encourage investment in solar energy.
Currently, many domestic and foreign businesses are building solar power projects and selecting suitable technologies to materialise these projects.
The Ministry of Industry and Trade said 100 projects in solar power farms have been added to provincial or national planning schemes, with total registered capacity of 4.7 GW in 2020.
Nguyen Ngoc Quynh, from SolarBK Holdings, said connectivity between businesses will help bring solar power closer to production activities and daily life of residents as the source of energy is still a new field and related mechanisms and policies are being finalised.
Other sources of energy such as wind, rain, tide and waves are also forming the new trend of development of the energy sector.-VNA
You should also see
Strategic breakthroughs and turning points for victory day
The strategically significant victory of the Central Highlands Campaign followed by the rapid and resounding success of the Hue-Da Nang offensive in March 1975 fundamentally altered the situation of the liberation war, creating a pivotal turning point and ensuring conditions for a definitive victory in the historic Ho Chi Minh Campaign, which fully liberated the South and unified the country.
See more
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
