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A new law in Vietnam could delay four large coal-fired power projects worth a total of $9.
1 billion as the Southeast Asian country looks to increase renewable energy generation
, the Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday.
The Institute for Energy Economics and Financial Analysis (IEEFA) said Vietnam's revised law on public-private partnerships could affect four coal projects, Nam Dinh 1, Vung Ang 2, Vinh Tan 3 and Song Hau 2, all with capacities ranging from
1.
2 to 2.
0 GW.
Last month, investors sent a call to lenders and financiers urging them to withdraw from the Vung Ang 2 coal-fired power plant project because it was inconsistent with
the goals of the Paris Agreement.
Vietnam's coal-fired power generation projects also face competition
from numerous newly announced domestic LNG and renewable energy projects, IEEFA said.
Nguyen Thanh Son, an energy expert based in Hanoi, said demand was unlikely to subside
anytime soon, despite Vietnam's indication it would move away from coal production.
Nguyen Thanh Son said: "For Vietnam, coal will last at least until 2100, after all, coal is the cheapest energy
source in the country.
”
A new law in Vietnam could delay four large coal-fired power projects worth a total of $9.
1 billion as the Southeast Asian country looks to increase renewable energy generation
, the Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday.
The Institute for Energy Economics and Financial Analysis (IEEFA) said Vietnam's revised law on public-private partnerships could affect four coal projects, Nam Dinh 1, Vung Ang 2, Vinh Tan 3 and Song Hau 2, all with capacities ranging from
1.
2 to 2.
0 GW.
Last month, investors sent a call to lenders and financiers urging them to withdraw from the Vung Ang 2 coal-fired power plant project because it was inconsistent with
the goals of the Paris Agreement.
Vietnam's coal-fired power generation projects also face competition
from numerous newly announced domestic LNG and renewable energy projects, IEEFA said.
Nguyen Thanh Son, an energy expert based in Hanoi, said demand was unlikely to subside
anytime soon, despite Vietnam's indication it would move away from coal production.
Nguyen Thanh Son said: "For Vietnam, coal will last at least until 2100, after all, coal is the cheapest energy
source in the country.
”
