Vietnam considers scrapping half of coal power plant pipeline in favour of gas and renewables

Published onJuly 30, 2020

The coming decade could see Vietnam shelve nearly half of its currently planned coal power plant capacity as alternative sources of energy take up growing shares in its power mix, the government-affiliated research body tasked with drawing up the nation’s next power sector roadmap has said. Speaking at an internal consultation earlier this month, the Vietnam Energy Institute revealed the eighth Power Development Plan (PDP8), set to take effect early next year, would stipulate a rapid expansion of renewables and natural gas in the country, suggesting the government could cancel seven planned coal projects and postpone six others until after 2030 or 2035. Together, the 13 plants concerned boast a staggering capacity of 17.1 gigawatts (GW), almost matching the current 18.9 GW of coal power installed. Development scenarios presented at the meeting, seen by Eco-Business, show Vietnam expects wind and solar energy together to comprise the largest share in its capacity mix by as early as 2030.

Source: https://www.eco-business.com/news/vietnam-considers-scrapping-half-of-coal-power-plant-pipeline-in-favour-of-gas-and-renewables/