2020-09-22 12:50:00
VIETNAM ELECTRICITY DEMAND WILL UP
ENERDATA - 22 Sep 2020 - According to the National Steering Committee for Electricity Development of Vietnam, electricity demand in Vietnam is expected to increase by 7.5 to 8%/year until 2030. The Power Planning VIII report estimates that electricity demand could reach 526 TWh by 2030, requiring an installed capacity of 131 GW by this date, i.e. an additional 75,100 MW of new capacity on top of the existing capacity (55,900 MW). Adding an average 7,500 MW each year would require US$7bn to US$8bn of investment each year.
In addition, large investments will be necessary to upgrade the power transmission grid, which is not developing as fast as renewable projects would need. Moreover, the coronavirus pandemic is affecting the import of equipments (especially for wind projects) and project developers are requesting an extension of the period of feed-in tariff application.
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Earlier:
2020, August, 18, 12:20:00
VIETNAM'S COAL IMPORTS UP $2.6 BLN
Vietnam has spent around $2.6 billion on importing 36.5 million tons of coal in the first seven months of this year, up 50 percent in volume year-on-year.
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2020, July, 27, 15:45:00
U.S., VIETNAM LNG INVESTMENT $6.2 BLN
The Vietnam's government expects the country to face power shortages in the future
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2019, December, 20, 10:20:00
GAZPROM, PETROVIETNAM AGREEMENT
Gazprom, which has already invested in several oil and gas projects in Vietnam, last year signed a new agreement on the development of the Bao Vang gas field and a power station in the central part of country.
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