The Ministry of Industry and Trade has just sent a request to the Prime Minister and Deputy Prime Minister Tran Hong Ha to issue a plan to implement the VIII electricity plan.
According to the expected progress and construction volume of power source projects, the total investment capital for the 2021-2030 period is expected to be 113.3-134.7 billion USD, of which investment capital for power sources is about 98.6-119.8 billion USD (87-88.9%) and investment capital for the power grid is about 14.6-14.9 billion USD (11.1-12.9%).
Investment capital for the 2021-2025 period is 57.1 billion USD, of which power source is 48.1 billion USD, transmission grid is 9 billion USD.
Investment capital for the 2026-2030 period is 77.6 billion USD, of which power source is 71.7 billion USD, transmission grid is 5.9 billion USD.
The plan to implement the VIII Power Plan provides a list of public investment projects and projects using capital sources other than public investment capital.
For large coal power projects, there is a risk of delay due to difficulties in investment preparation and the operation progress has not been specifically determined, the Ministry of Industry and Trade will work with project investors to clarify the possibility of continuing implementation or considering termination according to regulations.
For baseload power sources, which play an important role in ensuring power supply security (thermal power sources running on imported LNG, domestic gas, large hydropower...), it is necessary to review the progress of investment and construction implementation annually/quarterly to have the most accurate assessment of the national power supply capacity in each year until 2030 and propose solutions if the progress is delayed.
Offshore wind power projects will be distributed by region. The scale of offshore wind power capacity will be determined precisely during the project implementation process. The selection of the specific scale and location of offshore wind power projects will be decided by localities based on key factors including: electricity production costs, the ability to release capacity of the grid, electricity transmission costs and overall socio-economic efficiency of localities.
Concentrated solar power projects will have their capacity scale calculated by localities based on: Feasibility of implementation, actual implementation progress; ability to release capacity of the local power grid; equivalent electricity production cost, taking into account electricity transmission costs.
Rooftop solar power projects in industrial parks, the development scale will reach about 2,600 MW by 2030 according to the following principles: Calculating the additional rooftop solar power capacity in accordance with the development scale in Power Plan VIII; Rooftop solar power capacity in each province based on calculating the technical potential capacity of rooftop solar power in industrial parks.
Self-produced and self-consumed rooftop solar power in office and residential areas, the plan is to implement according to the roadmap to strive for coverage of 50% of office buildings and residential buildings by 2030.
The plan also envisages boosting electricity imports from Southeast Asian (ASEAN) and Greater Mekong Subregion (GMS) countries with hydropower potential. Focus on investing in and exploiting overseas power sources to supply electricity to Vietnam. By 2030, import about 5,000MW from Laos according to the agreement between the two governments; this could increase to 8,000MW. By 2050, import about 11,000MW, on a balance with exports to ensure overall optimal efficiency.
"Prioritize the unlimited development of power sources from renewable energy for export, production of new energy (hydrogen, green ammonia, ...) on the basis of ensuring energy security and bringing high economic efficiency. Strive to have the scale of electricity export capacity reach about 5,000-10,000MW by 2030," according to the report.
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