Complicated and time-consuming investment and construction procedures are among the main reasons for the stagnation of urgent power projects, the Ministry of Industry and Trade's Electricity and Renewable Energy Authority has said.
Vietnam will focus on developing power projects using domestic gas and imported natural gas, as well as medium- and large-scale hydropower projects, said Minister of Industry and Trade Nguyen Hong Dien has said.
Despite various difficulties, the Vietnam National Oil and Gas Group (PetroVietnam) has rolled out measures to keep operations buoyant in the current situation and to engage in energy transition based on the future of the industry.
Representatives of the Electricity of Vietnam (EVN) and Sembcorp Utilities Pte Ltd of Singapore are having an online working session from March 1 -3 to discuss cooperation in power projects in Vietnam.
The south central coastal province of Ninh Thuan has worked to turn itself among leading localities of Vietnam in renewable energy, with a total installed capacity of 3,475 MW as of late 2021.
As many as 22 wind power projects with a combined capacity of 907 MW are set to be put into operation in the central province of Quang Tri by year end.
Vietnam needs 150 billion USD to invest in power projects in the next 10 years, equal to half the country’s current gross domestic product (GDP), which raises demand for international financing.
The Electricity of Vietnam (EVN) needs total investment capital of 93.2 trillion VND (3.97 billion USD) for power projects this year and it will focus all resources to ensure the progress of such projects, according to the group.
The National Energy Development Strategy by 2030, with vision to 2045 aims to ensure national energy security, which serves as a foundation for growth.
Vietnam could face an electricity shortage of 6.6 billion kWh in 2021 and 11.8 billion kWh in 2022. The shortage could increase to 15 billion kWh in 2023, according to the Ministry of Industry and Trade (MoIT).
The north-central province of Quang Tri set the goal of generating about 5,000 MW of electricity from thermal, gas, wind, solar and hydro power plants by 2025, making the province a power hub in the region.
Vietnam wants to receive support from the Japan Bank for International Cooperation (JBIC) in the developing power projects, Prime Minister Nguyen Xuan Phuc has said.
The Vietnam Electricity Group (EVN) has announced that it will accelerate its projects within this year to ensure electricity supply for 2019, thus meeting rising demand for energy in service of the national development as well as that by foreign investors.
Deputy Prime Minister Trinh Dinh Dung has hailed the US-based AES Corporation’s recent activities in Vietnam, especially the completion and successful operation of the Mong Duong II Thermal Power Plant in the northeastern province of Quang Ninh.
The Electricity of Vietnam (EVN) said it has continued investing in power projects in rural and remote areas and islands, especially localities with a low rate of rural households gaining access to electricity.
The Central Power Corporation (CPC) under the Vietnam Electricity Group (EVN) will build a solar plant project with a capacity of 50 megawatts (MW) and solar farms in the south central coastal province of Khanh Hoa.
