Decision 262/QD-TTg 2024: What are the objectives of the Plan for Implementing the Vietnam National Power Development Master Plan for the period 2021-2030 with a vision towards 2050?
- What are 04 main objectives of the Plan for Implementing the Vietnam National Power Development Master Plan for the period 2021-2030 with a vision towards 2050 under the Decision 262/QD-TTg 2024?
- Which are the important and prioritized power projects of power sector in Vietnam by 2030?
- What are the other types of power sources in Vietnam by 2030 according to Decision 262/QD-TTg 2024?
On April 1, 2024, the Prime Minister issued Decision 262/QD-TTg 2024 approving the Plan for Implementing the Vietnam National Power Development Master Plan for the period 2021-2030 with a vision towards 2050.
What are 04 main objectives of the Plan for Implementing the Vietnam National Power Development Master Plan for the period 2021-2030 with a vision towards 2050 under the Decision 262/QD-TTg 2024?
Pursuant to subsection 1, Section I, Plan for Implementing the Vietnam National Power Development Master Plan for the period 2021-2030 with a vision towards 2050 issued together with Decision 262/QD-TTg 2024 of the Prime Minister, 04 main objectives of the Plan for Implementing the Vietnam National Power Development Master Plan for the period 2021-2030 with a vision towards 2050 are as follows:
(1) The plan aims to effectively implement Decision 500/QD-TTg 2023 of the Prime Minister approving the National Power Development Master Plan for the period 2021-2030 with a vision to 2050 (Power Master Plan VIII).
Develop an effective implementation roadmap for projects that meet the goals set out in Power Master Plan VIII, meeting the electricity demand for socio-economic development in each period, ensuring electricity is ahead of demand.
(2) Strongly shift energy from fossil fuels to new energy sources and renewable energy to reduce environmental pollution, greenhouse gas emissions, and contribute to the commitments of Vietnam to achieve self-determined contributions and reach a net-zero emissions target by 2050.
(3) Identify solutions to attract investment in power development according to Power Master Plan VIII during the planning period; coordinate mechanisms between ministries, sectors, and People's Committees of provinces and centrally-run cities in the implementation.
(4) Provide guidance for ministries, sectors, and People's Committees of provinces and centrally-run cities to coordinate with the Ministry of Industry and Trade and relevant units to effectively implement Power Master Plan VIII
What are the objectives of the Plan for Implementing the Vietnam National Power Development Master Plan for the period 2021-2030 with a vision towards 2050 under the Decision 262/QD-TTg 2024? (Image from the Internet)
Which are the important and prioritized power projects of power sector in Vietnam by 2030?
Regarding the list of important and prioritized power projects for the sector by 2030, pursuant to subsection 1 of Section II of the Vietnam National Power Development Master Plan for the period 2021-2030 with a vision towards 2050, issued with Decision 262/QD-TTg 2024, they include:
- Total capacity of domestic gas-fired thermal power plants: 14,930 MW
- Total capacity of LNG-fired thermal power plants: 22,400 MW
- Total capacity of coal-fired thermal power plants: 30,127 MW
- Total capacity of cogeneration power plants, surplus heat power plants, blast furnace gas power plants, and by-product power plants from technology chains: 2,700 MW
- Total capacity of hydropower plants: 29,346 MW
- Total capacity of pumped-storage hydropower plants: 2,400 MW
In addition, subsection 2 of Section II of the Plan issued with Decision 262/QD-TTg 2024 also specifies the renewable energy capacity of localities/regions and the planned power project list by 2030 as follows:
- Total capacity of offshore wind power plants: 6,000 MW
- Total capacity of onshore wind power plants (wind power on land and nearshore): 21,880 MW
- Total capacity of hydropower plants: 29,346 MW
- Total capacity of biomass power plants: 1,088 MW
- Total capacity of waste-to-energy power plants: 1,182 MW
- Additional total capacity of rooftop solar power plants (self-generation and self-consumption): 2,600 MW
- Total capacity of energy storage batteries: 300 MW.
What are the other types of power sources in Vietnam by 2030 according to Decision 262/QD-TTg 2024?
Pursuant to subsection 3 of Chapter II of the Vietnam National Power Development Master Plan for the period 2021-2030 with a vision towards 2050, issued with Decision 262/QD-TTg 2024, the other types of power sources by 2030 include:
(1) The development of 300 MW of flexible power sources is planned.
Priority will be given to development in areas with potential capacity shortages; utilizing existing electricity infrastructure.
(2) The plan includes the import of about 5,000 MW of electricity from Laos, which can increase to 8,000 MW under favorable conditions with reasonable electricity prices to utilize Laos' potential for electricity export.
The Ministry of Industry and Trade will report to the Prime Minister for consideration and decision on the import policy and synchronized grid connection plan for each specific project.
(3) Renewable energy sources for export and new energy production are as follows:
- Locations with potential for electricity export are the Central and Southern regions.
- The scale of export ranges from 5,000 MW to 10,000 MW when feasible projects are available.
- The Ministry of Industry and Trade will report to the competent authorities for consideration and decision on the export policy and synchronized grid connection plan for each specific case, in compliance with the law.
- Utilizing renewable energy to produce new types of energy (such as green hydrogen, green ammonia) to meet domestic and export demand:
Priority will be given to development in areas with good renewable energy potential and favorable electricity grid infrastructure; aiming for a development scale of 5,000 MW (mainly offshore wind power).
The Ministry of Industry and Trade will report and recommend to the Prime Minister for consideration and decision on each specific project after evaluating the feasibility in terms of technology and cost.
The capacity of renewable energy sources for producing new energy is not included in the power supply structure for the load of the national power system
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