Home / New & Media / Industry News / Vietnam plans two-thirds cut in thermal power
Vietnam plans two-thirds cut in thermal power

Vietnam will reduce coal-fired power supply by two-thirds between 2025 and 2045 and increase renewable power supply to account for more than half of the total.

Vietnam plans two-thirds cut in thermal power
Electricity staff fix cables in Binh Duong Province in February 2019. Photo by VnExpress/Thanh Nguyen


All localities have expressed agreement with the Ministry of Industry and Trade’s latest version – Power Development Plan 8 – which was announced earlier this month. The ministry is required to complete its final draft of the plan and submit it to the government by the end of this month, Deputy Prime Minister Le Van Thanh has said.

The plan includes targets to bring down the ratio of coal-fired power supply from 29.3 percent in 2025 to 9.6 percent in 2045, when the country is set to have a total supply of 401,556 megawatts from all sources.

This means coal-fired projects under construction will still be completed, but no new plant will be approved.

Hydropower will also see its ratio reduced from 27.2 percent in 2025 to 9 percent in 2045.

Renewable energy, comprising mostly of wind and solar power, will see its ratio increase from 23.7 percent in 2025 to 59.5 percent by 2045.

Offshore projects are set to account for zero percent of supply by 2025 but will rise to 17 percent by 2045.

Solar power farms will see its ratio more than double from 8.9 percent to 19.4 percent.

The industry ministry also eyes a gradual transition from liquefied natural gas (LNG) projects to hydrogen power over 20 years. By the 10th year of their operation, the government wants LNG plants to have 20 percent of their capacity coming from hydrogen power.

The latest development plan aims to maximize the reduction of coal-fired power sources in order to meet the country’s commitment to achieve carbon neutrality by 2050, the industry ministry told the government in its report.

Carbon emissions are set to hit 175 million tonnes by 2045 and fall to 42 million tonnes by 2050.

The plan will also increase power independency and reduce the need for energy imports, the ministry said.

Power imports are set to see their ratio decrease from 4.5 percent of total supply in 2025 to 2.8 percent in 2045.

The industry ministry estimates an investment of $141.6 billion to implement this plant, with transmission accounting for nearly 10 percent.

It wants to increase power transmission from the central and southern regions to the northern region starting 2030.

Source: e.vnexpress.net

You may be interested in...

Quang Tri: Wind power projects worth over 250 million USD given go-ahead

The administration of central Quang Tri province has approved in principle three...
Learn more

Phù Mỹ solar power plant goes on stream

HCM CITY — The Phù Mỹ solar power plant in Bình Định...
Learn more

Effective solution in cost saving and reducing load for power source

In recent years, the installation of rooftop solar panels has appeared and...
Learn more

Work starts on $2.37bn LNG power center in Vietnam

An artist’s impression of the Hai Lang LNG power plant in Quang...
Learn more


Electric & Power Vietnam