Business

Ministry not putting 6,800 MW of coal-fired power in draft power plan

The Ministry of Industry and Trade has submitted a proposal to the Government on the approval of the draft National Power Development Plan VIII for the 2021-2030 period, with a vision to 2050, in which it continues to exclude 6,800 MW of coal-fired power.
Ministry not putting 6,800 MW of coal-fired power in draft power plan ảnh 1Vung Ang thermo-power plant - Illustrative image (Photo: VNA)
Hanoi (VNA) – The Ministry of Industry and Trade has submitted a proposal to the Government on the approval of the draft National Power DevelopmentPlan VIII for the 2021-2030 period, with a vision to 2050, in which it continues to exclude 6,800 MW of coal-fired power.

As of late September, Vietnam had 39 operating coal-firedpower plants with a total capacity of 24,674 MW.

Besides, there are seven coal projects with a combinedcapacity of 6.992 MW whose construction is underway or in the preparationprocess.

Meanwhile, five others which have a total capacity of 6,800MW are facing difficulties in implementing and preparing capital, namely CongThanh, Quang Tri, Song Hau II, Nam Dinh 1 and Vinh Tan III.

On October 4-6, the ministry held working sessions with fiveinvestors of these mentioned-above projects, requesting them to provide specificwritten commitments from lenders no later than October 30, if they do not stoptheir projects.

However, the ministry held that it would be very difficult for theseprojects to continue being carried out, which is why it decides not to put them in the draft power plan, and compensate the cut with other power sources, mainly windpower and biomass.

Considering the power transition trend in the world, the National Power Development Plan VIII envisions the phasing out of coal and gas-fired power plants by 2050.

Wind and solar power projects serving the production of hydro will be given priority in the plan./.

VNA
#Ministry of Industry and Trade#draft National Power Development Plan VIII#coal-fired power#Vietnam#Vietnamplus#Vietnam News Agency
Follow VietnamPlus

Related News

Electricity supply guaranteed in post-pandemic period

Electricity supply guaranteed in post-pandemic period

The Ministry of Industry and Trade (MoIT), the Vietnam Electricity (EVN), and experts shared the view that power supply will be basically guaranteed this year, but the challenge is that demand is forecast to surge amid the post-pandemic economic recovery.
Vietnam’s green economic growth: From plan to action

Vietnam’s green economic growth: From plan to action

To reach high-income status by 2045, Vietnam’s demand for energy is forecast to increase significantly in the next few years. As the trade-off between business efficiency and going green is diminishing, the country is accelerating towards green and sustainable economic growth.
Imprints on national power generation map

Imprints on national power generation map

After nearly seven years of construction with unprecedented difficulties, the Song Hau 1 thermal power plant has been put into commercial operation, contributing to ensuring national energy security and economic development in the Mekong Delta.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.