Power Engineering International
The newest draft of Vietnam’s eighth Power Development Plan (PDP8) reveals elevated intentions to maneuver away from coal-fired energy and towards renewables and pure gasoline through the subsequent decade, even because the nation seeks to maintain up with fast demand progress.
This is in line with evaluation from IHS Markit that unpacks the third revision of the Vietnam Ministry of Industry and Trade’s PDP8, launched in February 2021. The draft covers the interval 2021 by 2030 and a closing draft is predicted within the second quarter of this yr.
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PDP8 scales again coal-fired energy considerably exhibiting Vietnam’s intentions to cut back emissions, in addition to to cut back its dependency on imported fossil fuels. The plan additionally proposes no new coal-fired energy crops besides these already beneath building or deliberate for completion by 2025 or sooner.
However, IHS Markit highlights that fossil fuels are a great distance from exiting Vietnam’s energy market. “The draft PDP8 envisions gas-fired energy because the spine of the facility system,” wrote Cecillia Zheng, IHS Markit principal analyst-power, in an evaluation in April. “Thermal capability addition stays vital within the plan, with 39 GW of thermal capability (17 GW coal and 22 GW gasoline/LNG) projected to return on-line within the subsequent decade, versus an extra 19 GW of photo voltaic and wind capability in the identical interval.”
Coal and gasoline can have a mixed market share of about 57% in 2030. “The plan clearly prioritises gasoline energy initiatives to exchange coal,” Zheng wrote.