Directing the meeting, Prime Minister Pham Minh Chinh said that according to calculations, for every 1% economic growth, electricity demand increases by 1.5%. In 2024, Vietnam strives for economic growth of over 7% and with the growth target for the coming years, electricity demand will also increase by at least about 10%.
The Prime Minister emphasized the lesson in 2023, although the Government and the Prime Minister have directed strongly to ensure electricity, the overall power source is not lacking, the implementation is not yet strong, the management is limited, so there are local power shortages at some times and places; affecting production, people's lives, and affecting the reputation of investors.
Therefore, to ensure adequate electricity supply and national energy security, especially when the country is in the process of industrialization and modernization, early and far-reaching preparation is required.
At the meeting, leaders of the Government, ministries and branches discussed and analyzed the situation of electricity production and import; electricity demand; reviewed the electricity supply capacity of hydroelectric, thermal, wind and solar power plants; the implementation of electricity projects on power sources and grids; the preparation of the supply of raw materials and fuels for electricity production such as coal, gas, etc.
Representatives of ministries and branches proposed that along with removing difficulties and obstacles, promoting existing projects, it is necessary to add new power source and grid projects, increase power supply to be more proactive, ensure adequate power supply, and ensure national energy security.
Concluding the meeting, Prime Minister Pham Minh Chinh stated that, in keeping with the commitment to ensure electricity supply, we can now confirm that there will be no shortage of electricity in 2024, even though consumption will increase by about 11-13% compared to 2023. Ensuring sufficient electricity is very important to attract FDI in the context of global investment decline. In the first 9 months of the year, Vietnam disbursed 17 billion USD of FDI capital, the highest in many years.
The Prime Minister welcomed the Electricity, Oil and Gas, Coal - Minerals Corporations, energy corporations, and relevant agencies for their efforts and contributions to the above results, in the context that power sources have not changed much but management has improved from the experience of 2023 and staff measures have brought about effectiveness.
In particular, the Prime Minister praised EVN for its excellent completion of its tasks in the past time, especially the "lightning-fast" completion of the 500 kV Quang Trach - Pho Noi line in more than 6 months, contributing to supplementing power sources for the North.
Regarding 2025, according to reports, with electricity demand increasing by about 12-13%, it is necessary to increase by about 2,200-2,500MW of capacity. The Prime Minister said that this is not a big problem and requested that there must be no power shortage in 2025 with specific solutions.
Accordingly, urgently and effectively implement the Decree on the direct electricity trading mechanism issued by the Government; today (October 19), a Decree on mechanisms and policies to encourage the development of rooftop solar power must be issued.
The Prime Minister requested to ensure sufficient fuel (coal, gas) for electricity production according to system demand; including promoting domestic coal exploitation with a long-term plan, while studying the import of coal from Laos, reducing imports from other sources.
The Prime Minister also directed measures to import electricity from Laos and China, and to speed up the completion of power transmission lines from Laos and China, of which the 500kV Lao Cai - Vinh Yen line must be completed within 6 months, and the 220kV Nam Sum - Nong Cong line must be completed in 2024.
The Prime Minister requested the Ministry of Industry and Trade to urgently continue to complete the draft Electricity Law (amended) to submit to the National Assembly at the 8th session and amend related circulars.
The Prime Minister emphasized that the amendment of the Electricity Law should be in the direction of both strict management and creating space for development and innovation, promoting decentralization, eliminating bureaucracy and subsidies, reducing administrative procedures and compliance costs.
For the period 2026-2030, the Prime Minister requested the Ministry of Industry and Trade, the State Capital Management Committee at enterprises, corporations and general companies to base on the estimated increase in electricity demand of about 12-14% to develop and implement scenarios on power sources, power loads, power distribution, economical and efficient use of electricity and appropriate electricity prices, with the goal of not having power shortages under any circumstances.
In particular, the Prime Minister noted a number of specific contents related to diversifying power sources, ensuring base power sources, gradually shifting from coal power to clean electricity production, and implementing Vietnam's commitments at COP26.
Along with that, forming and developing the renewable energy industry, actively developing the power storage system, developing offshore wind power projects, overcoming and handling problems related to renewable power projects that are facing difficulties.
Regarding hydropower, the Prime Minister requested regulating reservoirs to harmonize irrigation needs and ensure power generation for the peak dry season in the North.
Regarding electricity, the Prime Minister requested to receive the first gas flow from the Lot B-O Mon gas project by the end of 2026; calculate appropriate electricity and gas prices according to the market, specific situations, "harmonized benefits, shared risks", and harmonize interests between the State, businesses and people.
The Prime Minister also requested relevant agencies to research and develop nuclear power; continue to perfect regulations and institutions and update and adjust the VIII power plan.
Basically agreeing with the recommendations of EVN, PVN..., the Prime Minister believes that with synchronous solutions, innovative, positive, proactive and creative approaches of relevant entities, we will simultaneously achieve the following goals: Ensuring sufficient electricity to meet economic growth needs in the 2026-2030 period and the following years; promoting green transformation, digital transformation, resolutely and drastically switching to clean electricity, contributing to responding to climate change; and ensuring electricity prices are suitable to economic conditions, incomes and affordability of businesses and people.
Source: https://kinhtedothi.vn/khong-de-thieu-dien-nhung-nam-tiep-theo-trong-bat-cu-hoan-canh-nao.html
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