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Vietnam's National Energy Development Strategy shows that Vietnam will more than double its power generation capacity in the next decade to support its rapidly developing economy
.
The report reveals that the Southeast Asian country aims to increase capacity from about 54 GW today to 125-130 GW
by 2030.
The strategy "aims to ensure national energy security and provide adequate impetus for rapid and sustainable socio-economic development"
.
Vietnam, one of the fastest-growing economies in Asia, will have to deal with severe power shortages
from 2021 as demand outpaces the construction of new power plants.
The strategy document also shows that it will increase the share of renewable energy to 15 to 20 percent by 2030, while working to reduce its reliance on
coal production.
Coal currently accounts for about 38%
of capacity.
The strategy calls for refineries to meet at least 70 percent
of domestic demand for refined petroleum products.
Vietnam will also develop infrastructure to be able to import 8 billion cubic meters of LNG
per year by 2030.
To further meet the growing demand for electricity, Vietnam will seek domestic and foreign private investment to help develop new power plants and accelerate the privatization of
state-owned power companies.
Last week, the Vietnamese government said Vietnam would produce more electricity this year from coal and oil to make up for the hydropower shortfall caused by insufficient rainfall
.
Vietnam's National Energy Development Strategy shows that Vietnam will more than double its power generation capacity in the next decade to support its rapidly developing economy
.
The report reveals that the Southeast Asian country aims to increase capacity from about 54 GW today to 125-130 GW
by 2030.
The strategy "aims to ensure national energy security and provide adequate impetus for rapid and sustainable socio-economic development"
.
Vietnam, one of the fastest-growing economies in Asia, will have to deal with severe power shortages
from 2021 as demand outpaces the construction of new power plants.
The strategy document also shows that it will increase the share of renewable energy to 15 to 20 percent by 2030, while working to reduce its reliance on
coal production.
Coal currently accounts for about 38%
of capacity.
The strategy calls for refineries to meet at least 70 percent
of domestic demand for refined petroleum products.
Vietnam will also develop infrastructure to be able to import 8 billion cubic meters of LNG
per year by 2030.
To further meet the growing demand for electricity, Vietnam will seek domestic and foreign private investment to help develop new power plants and accelerate the privatization of
state-owned power companies.
Last week, the Vietnamese government said Vietnam would produce more electricity this year from coal and oil to make up for the hydropower shortfall caused by insufficient rainfall
.
