Viet Nam must prioritise the development of its mining sector with a focus on the implementation of science and technology, particularly digitalisation technologies.
The Ministry of Industry and Trade (MoIT) has consulted the Government not to include 14,120 MW of coal-fired power in the national power master plan (PDP8) to achieve the goal of net zero emissions by 2050.
The National Power Development Plan for the 2021 - 2030 period, with a vision towards 2045 (PDP VIII) has taken into account the replacement of coal-fired power projects and those that are still pending.
The total capacity of power generation sources is expected to reach 146,000 MW by 2030, down about 35,000 MW compared to the version submitted on March 26, 2021. The peak capacity in 2030 is estimated at about 93,000 MW.
Japan''s Shikoku Electric Power Company has paid more than 10 billion yen (US$87 million) to buy a 15 per cent stake in the Ha Tinh-based Vung Ang 2 coal-fired power plant project in Viet Nam.
The outlook of coal-fired power and renewable energy groups in 2022 is positive, especially coal-fired power plants in the north as they may benefit from water shortages in the coming months.
Although the most recent draft of the National Power Development Plan actually increased the volume of coal-fired projects in Viet Nam, the Ministry of Industry and Trade (MoIT) has said it won''t consider developing any new coal-fired plants, to save the environment.
The quickest and most effective way to raise funding for power projects is to enter into an alliance with foreign investors, Nguyen Anh Tuan, general director of Phu Yen TTP Joint Stock Company, said.
Malaysian pipe-maker JAKS Resources Bhd has signed an agreement with
China Power Engineering Consulting Group Co Ltd (CPECC) to set up a
joint venture to build a coal-fired power plant.
The capital city ranked first in the nation in attracting investment
from European Union countries, with 357 projects worth US$3 billion,
according to the Foreign Investment Agency (FIA).
Indonesia''s State-owned coal company PT Bukit Asam (PTBA) plans to
invest in coal-fired power stations in Viet Nam while expanding their
interests in coal mining and distribution in the country.
Japan''s Sumitomo Group has fast-tracked negotiations on a
build-operate-transfer (BOT) contract for the Van Phong coal-fired power
plant, and an agreement on the project is expected to be made with the
Ministry of Industry and Trade in the first quarter of next year.