Plan to implement the National Power Development Planning in Vietnam for 2021 - 2030 period, with a vision toward 2050

Plan to implement the National Power Development Planning in Vietnam for 2021 - 2030 period, with a vision toward 2050, has a number of notable contents as follows:

Plan to develop renewable energy industrial ecosystem and renewable energy services in Vietnam

Consider developing 02 inter-regional renewable energy industrial and service centers by 2030  in Vietnam as follows:

- Renewable energy industry and service center in the North region.

+ Location: In Hai Phong, Quang Ninh, Thai Binh, etc. In the future, the expansion of such center to neighboring areas may be considered.

+ Scale: about 2,000 MW of offshore wind power, about 500 MW of onshore and offshore wind power.

+ Plants manufacturing equipment in service of development of renewable energy, seaport services, construction, installation, operation and maintenance logistics.

+ Green and low-carbon industrial parks.

+ Research and training institutions.

- Inter-regional renewable energy industry and service center in the South Central - South region.

+ Location: In Ninh Thuan, Binh Thuan, Ba Ria - Vung Tau, Ho Chi Minh City, etc. In the future, the expansion of such center to neighboring areas may be considered.

+ Scale: about 2,000-2,500 MW of offshore wind power, about 1,500-2,000 MW of onshore and offshore wind power.

+ Plants manufacturing equipment in service of development of renewable energy, seaport services, construction, installation, operation and maintenance logistics.

+ Green and low-carbon industrial parks.

+ Research and training institutions.

Investment capital demand by 2030 in Vietnam

- Investment capital:

+ Investment capital for prioritized schemes/projects to perfect laws and policies and improve capacity of the electricity sector is expected to be about 50 billion dong.

+ Investment capital for the program for power supply in rural, mountainous and island areas will be about VND 29,779 billion. Currently available capital is approximately VND 8,915.6 billion (accounting for 30%) including VND 7,351.9 billion from the central budget, about VND 1,563.7 billion dong from localities and EVN. The deficit is about VND 20,857 billion (accounting for 70%).

- Capital other than public investment capital:

All investment capital for power source and transmission grid projects using capital other than public investment capital. The projected total investment capital will be about VND 3,223 trillion (equivalent to USD 134.7 billion), including around VND 2,866.5 trillion (USD 119.8 billion) for investment in power source and about VND 356.5 trillion VND (USD 14.9 billion) for investment in transmission grid.

+ The total investment capital for the 2021-2025 period will be VND 1,366.2 trillion (USD 57.1 billion), including VND 1,150.9 trillion (USD 48.1 billion) for investment in power source and VND 215.3 trillion VND (USD 9.0 billion) for investment in transmission grid.

+ The total investment capital for the 2026-2030 period will be VND 1,856.7 trillion (USD 77.6 billion), including VND 1,715.6 trillion (USD 71.7 billion) for investment in power source and VND 141.2 trillion VND (USD 5.9 billion) for investment in transmission grid.

More details can be found in Decision 262/QD-TTg taking effect on April 1, 2024.

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