Vietnam expects the total installed power capacity of 125-130 gigawatts (GW) by 2030.
Vietnam is preparing for a National Energy Master Plan for 2021-30 and vision to 2050 with an aim to ensure energy security for the economy that is forecast to require annual energy growth of 9% by 2030.
Vietnam will diversify power sources for the energy transition |
The plan is expected to build scenarios that will not increase energy costs, preventing energy from becoming a burden of the economy, ensuring the nation’s harmonised energy development and contributing to promoting the country’s economic development, according to the Ministry of Industry and Trade (MOIT).
The plan is necessary for the energy transition that has shifted from fossil fuels to renewables and it helps curb the energy import that is on the rise in the recent years.
The MOIT said that the plan will be built on the combination of domestic and imported energy; investment in energy infrastructure like power transmission and distribution networks; energy growth scenarios for 2021-30 and 2031-50 based on kinds of fuels, economic sectors and socio-economic situation in 2011-18; energy efficiency and the development of renewables; and assessment of multi-sectors, inter-region, regional and global energy industry.
Vietnam’s energy demand ahead
Under the plan, Vietnam targets total primary energy supply (TPES) to reach 175-195 million tons of oil equivalent (toe) and 320-350 million toe by 2045, including 15-20% of renewable power by 2030 and 25-30% by 2045.
The country’s total installed power capacity is likely to climb to 125-130 gigawatts (GW) by 2030 and 550-600GW by 2045.
The final energy consumption might hit 105-115 million toe by 2030 and to 160-190 million toe by 2045.
Vietnam expects that the Getting Electricity to be among ASEAN top three by 2030.
It strives to lower the emissions of greenhouse gas in energy industry by average 20%-30% annually by 2030 with the international support.
In 2019, the domestic commercial energy supply was 56,650 ktoe, including 39.6% of coal-fired power, the biggest portion in the power mix, followed by petroleum electricity with 19.4%, gas power 15.8%, and hydropower 10%.
Other News
- Internet users in Vietnam to hit 100 million by 2029
- Prime Minister calls for active participation in innovative start-ups
- Hanoi advocates traceability for safe food
- Hanoi gears up for Tet: ensuring a steady supply of safe food
- Year-end hiring spree as Hanoi companies ramp up recruiting
- Vietnam's digital economy expected to grow big in 2024
- Incheon-Hanoi conference marks milestone in tourism development cooperation
- Hanoi's businesses place focus on digital transformation
- Semiconductor market reaches $18.2 billion: SEMIEXPO Vietnam 2024
- Hanoi DigiTech 2024 connects businesses through digital products
Trending
-
Digital Pho: One step to make Vietnamese noodle widespread
-
Vietnam news in brief - November 29
-
Hanoi’s downtown: Ultimate destination for pho lovers
-
Christmas in Vietnam: A blend of Western cheer and local charm
-
Hanoi's Pho declared national intangible heritage
-
Finding ways to unlock Hanoi's suburban tourism potential
-
Hang Ma Street gears up for festive season
-
A Hanoi artisan turns straw into appealing tourism product
-
“Look! It’s Amadeus Vu Tan Dan” workshop - an artistic journey for kids