Master plan for a competitive power market

Published onOctober 9, 2020

A power development plan for 2021-30 with a vision to 2045 would not only meet electricity demand but also more importantly create a strong association between Việt Nam and other countries in the region towards a competitive power market. Deputy Minister of Industry and Trade Hoàng Quốc Vượng made the statement at a conference held in Hà Nội on Monday. Vượng said the power development master plan 8 had basically been completed and would be submitted to Prime Minister Nguyễn Xuân Phúc for approval next month. The country’s total power output is expected to increase by nearly 80,000 MW by 2030. Large power sources such as coal, gas and LNG thermal power plants are expected to increase by over 30,000 MW, while onshore and offshore wind and solar power plants will expand by approximately 50,000 MW. “Most of these sources are located far from central power centres. Therefore, the development of transmission grids to carry the capacity of these power sources raises many issues that need to be considered. Research for the plan found that transmission patterns were likely to change, and instead of transmitting electricity from the North to the South as in the past, the direction would gradually change in the opposite direction,” he said.