Vietnam reduces capacity of coal power plants

thestar.com.my General,  International,  Thermal Power,  Wind,  Solar 2020-03-13 11:12:47

Vietnam will reduce the total capacity of coal-fired thermal power plants from 2020 until 2030, according to the National Steering Committee for Electricity Development.


The reduction is mainly due to some thermal power projects delaying their development, while some localities have not agreed to allow the development of thermal power projects.


The capacity will cut by 6,000 MW to 20,000 MW in 2020 compared to the revised Master Power Development Plant VII (PDP VII). It will be reduced by 8,760 MW in 2025 and by 6,340 MW in 2030.


Meanwhile, the total capacity of solar power is expected to grow to 14,450 MW in 2025 and 20,050 MW in 2030, according to the steering committee.


The total capacity of wind power is estimated to increase to 6,030 MW in 2025 and 10,090 MW in 2030.


The total electricity output of wind and solar power plants will reach 12 billion kWh in 2020, three times higher than the capacity in the Renewable Energy Development Strategy.


The total output will reach 36 billion kWh by 2025 and 55 billion kWh 2030, an increase of 2.6 times and 4 billion kWh, respectively, compared to the Renewable Energy Development Strategy.


By 2030, the capacity of new power plants using liquefied natural gas (LNG) will be 12,750 MW, excluding old power plants converted to use LNG. Of which, 6,000 MW are under the PDP VII, including power plants: Nhơn Trạch 3 and 4 (capacity of 1,500 MW) and Sơn Mỹ 1 and 2 (4,500 MW).


The steering committee said besides LNG power plant development in the south, Vietnam would need power plants using LNG in the north and the centre to replace Hải Phòng 3 and Vũng Áng 3 coal-fired thermal power plants.


In addition, power plants in the Phú Mỹ, Bà Rịa and Hiệp Phước power centres would gradually switch to using LNG from 2021 due to the exhausted natural gas in the southeast region. Those power plants would have a total capacity of 4,200 MW in 2030.


The steering committee also said Vietnam would import 2,500 MW and 2,400 MW of electricity from Laos in the 2021-25 period and in the 2026-30 period, respectively.


The imports should be put under the revised PDP VII.


(Writing by Wenxin Wu  Editing by Becky Du)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editor's Pick

1 Indonesian thermal coal lacks support for further hikes, sources 2024-04-26

Indonesian thermal coal prices have recently edged up amid pockets of inquiries from Chinese buyers, but the overall trading activity remained stagnant.On April 26, May-loading 3,800 Kcal/kg NAR Panam

2 China Coal Energy's Q1 net profit falls 30.5% YoY 2024-04-26

China Coal Energy Co., Ltd, the listed arm of state-run China National Coal Group, posted a 30.5% year-on-year decline in net profit during the first quarter, said the company on April 24.The company'

3 Anglo American rejects BHP's acquisition proposal 2024-04-26

London-based mining group Anglo American has turned down the proposal from rival miner BHP to acquire the company, stating that the offer "significantly undervalues" Anglo American and its future pros

4 Weekly China coal market news summary (Apr22-Apr 26) 2024-04-26

China's coking coal, coke markets firm on lower stocksChina's coking coal and coke markets continued to gain support from low stocks ahead of the May Day holiday, mainly due to sustained demand from c

5 China's 3rd coke price hike to fully realize, further increases pending 2024-04-26

Chinese metallurgical coke producers put forward the third coke price hike on April 25, just two days after the second was implemented, as the fundamentals continue to be in a favor.A major steelmaker

6 Weekly global coal market news summary (Apr 22-Apr 26) 2024-04-26

Indonesian thermal coal prices rise on increased demand from China, IndiaIndonesian thermal coal prices rose on April 25 due to increased interest from Chinese and Indian buyers. Yet, this price incre

7 China Coal Daily Track (Apr 26) 2024-04-26

Thermal coalProduction area The overall thermal coal market was temporarily stable, except for minor price corrections for certain grades. Safety checks put thermal coal supply in strain. Miners repor

8 Review: India Feb coal imports return to upward track 2024-04-26

India's coal imports trended upward in February 2024, snapping a three-month sequential decline and registering a year-on-year rise of over 20%.The nation's coal imports in February totaled 21.38 mill

9 China futures market updates at close (Apr 26) 2024-04-26

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

10 Surging power consumption reflects vibrant economy in China 2024-04-26

China's power usage saw a notable increase in the first quarter of the year, reflecting the nation's economic strength post-pandemic, especially evident in consumer expenditure.Power consumption, a cr

Most Read Articles

1 Indian state ports' Mar coal imports hit 4-mth high 2024-04-23

Coal imports through India's 12 state-run ports climbed 18.93% from the previous month to 17.11 million tonnes in March, hitting a four-month high, showed the latest data from Indian Ports Association

2 QHD coal stocks rebound on port closures 2024-04-22

Coal inventories at China's major transshipment port of Qinhuangdao rebounded above 5 million tonnes again, owing to declined outbound shipments during port closures and slack coal consumption.Qinhuan

3 China thermal coal market in figures (Apr 22) 2024-04-22

China thermal coal market key figures in focus. The latest data for thermal coal prices, stocks, shipments in major production areas, transfer ports and most followed downstream sector data.

4 China met coal market in figures (Apr 23) 2024-04-23

China coking coal, met coke and steel market key figures in focus.

5 Newcastle Port Mar coal exports up 10%+ MoM 2024-04-23

Newcastle port, the world's largest coal port located in Australia's New South Wales, exported 12.17 million tonnes of coal in March this year, rising 5.84% year on year and 10.76% month on month, Por

6 China thermal coal market in figures (Apr 24) 2024-04-24

China thermal coal market key figures in focus. The latest data for thermal coal prices, stocks, shipments in major production areas, transfer ports and most followed downstream sector data.

7 Inner Mongolia Q1 raw coal output up 3.9% on yr 2024-04-23

Northern China's Inner Mongolia autonomous region registered a 3.9% year-on-year growth in raw coal output during January-March, which expanded by 1.2 percentage points from that in the first two mont

8 Infographic | China coal imports in Mar 2024 2024-04-22

Infographic | China coal imports in Mar 2024

9 China futures market updates at close (Apr 22) 2024-04-22

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

10 China's coastal coal freight rates rise amid recovered demand 2024-04-22

Freight rates for coal shipment on China's coastal sea routes experienced a notable rise during the week ending April 19 since late December 2023, supported by rebounded demand.The China Coastal Coal