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Despite the growth of renewable energy, coal-fired power generation will remain Vietnam's main energy source
for decades to come.
Phung Quoc Hien, vice president of Vietnam's National Assembly, said at a meeting of the parliament's economic committee with Industry and Trade Minister Tran Tuan Anh on Monday that Vietnam would have to face energy insecurity
without coal-fired power generation.
Phung Quoc Hien said that in recent years, in the rapid development of renewable energy including solar and wind energy, many places have stopped accepting new coal-fired power projects, which has led to a shortage
of power supply.
Renewables, including solar, wind and small hydroelectric plants, accounted for 15.
8 percent of Vietnam's energy supply last year, compared with 36.
1 percent for coal-fired power and 30.
8 percent for hydropower
, according to the Vietnam Energy Association (VEA).
However, Vietnam needs to ensure power security in the coming years, and coal power will continue to play an important role
in achieving this goal.
The minister of industry and trade also said that coal power will still account for 36-37%
of the total electricity supply in the new energy development plan drawn up by the ministry for the period 2021-2030.
"Coal energy doesn't have to be abandoned
," he said.
”
According to a report compiled by the ministry, Vietnam's electricity supply growth over the past five years has slowed to an average of around 8% per year, compared to 13%
in the period 2011-2015.
Between the two periods, hydropower supply growth fell from 15% to 5%, and thermal power (mainly coal-fired) grew from 27% to 10%.
The construction of coal-fired power plants has only reached 60%
of the 2016-2020 target.
Ten major coal-fired power projects with a total capacity of 7,000 megawatts are planned to be run during this period, but none of this will be completed
by this year's deadline.
The report highlights that with electricity demand set to grow at an annual rate of 8% over the period 2021-2030, delays in new coal-fired projects will pose a challenge
to ensuring adequate power supply over the next five years.
Minister Anh said that to ensure power security, the ministry will work to complete the development
of existing coal-fired projects that have been delayed in recent years.
Despite the growth of renewable energy, coal-fired power generation will remain Vietnam's main energy source
for decades to come.
Phung Quoc Hien, vice president of Vietnam's National Assembly, said at a meeting of the parliament's economic committee with Industry and Trade Minister Tran Tuan Anh on Monday that Vietnam would have to face energy insecurity
without coal-fired power generation.
Phung Quoc Hien said that in recent years, in the rapid development of renewable energy including solar and wind energy, many places have stopped accepting new coal-fired power projects, which has led to a shortage
of power supply.
Renewables, including solar, wind and small hydroelectric plants, accounted for 15.
8 percent of Vietnam's energy supply last year, compared with 36.
1 percent for coal-fired power and 30.
8 percent for hydropower
, according to the Vietnam Energy Association (VEA).
However, Vietnam needs to ensure power security in the coming years, and coal power will continue to play an important role
in achieving this goal.
The minister of industry and trade also said that coal power will still account for 36-37%
of the total electricity supply in the new energy development plan drawn up by the ministry for the period 2021-2030.
"Coal energy doesn't have to be abandoned
," he said.
”
According to a report compiled by the ministry, Vietnam's electricity supply growth over the past five years has slowed to an average of around 8% per year, compared to 13%
in the period 2011-2015.
Between the two periods, hydropower supply growth fell from 15% to 5%, and thermal power (mainly coal-fired) grew from 27% to 10%.
The construction of coal-fired power plants has only reached 60%
of the 2016-2020 target.
Ten major coal-fired power projects with a total capacity of 7,000 megawatts are planned to be run during this period, but none of this will be completed
by this year's deadline.
The report highlights that with electricity demand set to grow at an annual rate of 8% over the period 2021-2030, delays in new coal-fired projects will pose a challenge
to ensuring adequate power supply over the next five years.
Minister Anh said that to ensure power security, the ministry will work to complete the development
of existing coal-fired projects that have been delayed in recent years.
