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Vietnam’s national power development plan targets drastic CO2 emissions reduction

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The latest draft of the National Power Development Plan for the 2021-2030 period, with a vision to 2045 (PDP VIII), has made drastic reductions of CO2 emissions with no new coal-fired power plants to be built in the planning period, and with the switch from coal and natural gas to biomass, ammonia and hydrogen, according to Deputy Minister of Industry and Trade Dang Hoang An.

In his report at a virtual conference with localities on PDP VIII, the deputy minister said that compared with previous drafts, this one also makes remarkable changes to the structure of energy sources and the designation of power development space, which helps reduce social investment capital and save US$13bil (RM54.6bil) for development of power transmission lines.

The total capacity of power generation sources is expected to reach 146,000MW by 2030, down by about 35,000MW compared to the version submitted on March 26, 2021.

The peak capacity in 2030 is estimated at about 93,000MW.

Being the first national sector planning to be implemented in accordance with provisions of the Law on Planning in 2017, PDP VIII has continued to be revised, supplemented and updated many times since the first draft was submitted to the Prime Minister in March 2021.

In particular, the prime minister has instructed the Ministry of Industry and Trade to revise the draft based on Vietnam’s commitment to emission reductions at the COP26 and requirements for the development of green and circular economy.

Deputy Prime Minister Le Van Thanh has held nearly 30 meetings and working sessions with the Ministry of Industry and Trade, relevant ministries, sectors, agencies, experts and scientists on the plan.

In his report at a virtual conference with localities on PDP VIII, the deputy minister said that compared with previous drafts, this one also makes remarkable changes to the structure of energy sources and the designation of power development space, which helps reduce social investment capital and save US$13bil (RM54.6bil) for development of power transmission lines.

The total capacity of power generation sources is expected to reach 146,000MW by 2030, down by about 35,000MW compared to the version submitted on March 26, 2021.

The peak capacity in 2030 is estimated at about 93,000MW.

Being the first national sector planning to be implemented in accordance with provisions of the Law on Planning in 2017, PDP VIII has continued to be revised, supplemented and updated many times since the first draft was submitted to the Prime Minister in March 2021.

In particular, the prime minister has instructed the Ministry of Industry and Trade to revise the draft based on Vietnam’s commitment to emission reductions at the COP26 and requirements for the development of green and circular economy.

Deputy Prime Minister Le Van Thanh has held nearly 30 meetings and working sessions with the Ministry of Industry and Trade, relevant ministries, sectors, agencies, experts and scientists on the plan.

Vietnam News – April 19, 2022

Vietnam’s national power development plan targets drastic CO2 emissions reduction
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