Vietnam needs US$148 billion to develop national electricity until 2030
Vietnam will need around US$148 billion to invest in developing the national electricity grid and resources (not including electricity projects invested under the BOT model) in the 2016-2030 period. 

The number was mentioned in the adjustment to the national electricity development plan in the 2011-2020 period with a vision to 2030 recently approved by the government.

Under the adjusted plan, Vietnam will accelerate the development of renewable electricity resources such as hydropower, wind power, solar power and biomass power, and increase the proportion of electricity produced from renewable energy sources.

Vietnam aims to raise the total capacity of hydroelectric power resources from the current 17,000 MW to 21,600 MW by 2020; 24,600 MW by 2025; and 27,800 MW by 2030. However, the proportion of electricity produced from hydropower resources will be reduced to 29.5% by 2020; 20.5% by 2025; and 15.5% by 2030.

The total capacity of solar power resources is expected to increase to 850 MW by 2020; 4,000 MW by 2025; and 12,000 MW by 2030 and the proportion of electricity produced from solar power resources will be raised to 0.5% by 2020; 1.6% by 2025; and 3.3% by 2030.

Meanwhile, the total capacity of thermoelectricity plants is scheduled to rise to 26,000 MW by 2020, accounting for 49.3% of total electricity consumption and to 45,800 MW by 2025, accounting for 55% of the total electricity consumption.

Vietnam will also develop nuclear power plants to ensure the stable power supply in the future with the first nuclear power plant put into operation in 2028. By 2030, nuclear power resources are expected to have a total capacity of 4,600 MW, accounting for 5.7% of the total electricity volume.

In addition, the country will expand and upgrade its national grid and transformer stations applied smart grid technology in power transmission.

Nhan Dan
Vietnam needs US$148 billion to develop national electricity until 2030, social news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, Vietnam net news, Vietnam latest news, vn news, Vietnam breaking news