Deputy Prime Minister Trinh Dung Dung (Source: VNA) Hanoi (VNA) – DeputyPrime Minister Trinh Dung Dung stressed solutions to adjust the electricityplanning scheme and deal with obstacles hindering investment mobilisation inthe electricity sector at the National Assembly’s working session on November7.
During the question-and-answer session to Minister of Industry and Trade TranTuan Anh, the Deputy PM Dung said the Prime Minister had decided to adjust thePower Development Plan VII in order to supplement sources of electricity,especially renewable power, given the risk of electricity shortage as from2019.
The Deputy PM noted that solar and wind power projects not only suit small-andmedium-sized enterprises but also easily attract investments both at home andabroad.
By 2030, Vietnam needs up to about 130 billion USD for power development, whichis hard to be mobilised, thus causing the sluggishness of many power projects,Dung said.
The official pointed out imbalanced power investment in regions, and emphasisedthe need to continue constructing the North-South transmission line – circuit3.
He suggested increasing renewable power in the Power Development Plan VII andallocating electricity in accordance with demands of localities in a bid torepeat the present imbalance.
At the session, Dung updated deputies on the progress of some power projectslike Thai Binh 2 Thermal Power Plant, and called for efforts to speed up theimplementation of the projects whose investment procedures have been completed,as well as gas-fired electricity projects.
The Deputy PM underlined the need to improve institutions and laws regardingpower development, especially typical mechanisms and policies to support,encourage and remove difficulties facing major projects.
During the Q&A session on November 6, Minister of Industry and Trade TranTuan Anh said solar, renewable and wind power would help Vietnam deal with thepotential shortage of electricity in 2019 and 2020.
As of June 30, 2019 when the electricity price mechanism under the PrimeMinister’s Decision 11/2017/QD-TTg expired, nearly 4,900 MW of solar power hadbeen put into service, significantly contributing to the national power source,according to the official./.
VNA
