Explaining to the National Assembly about some opinions of the delegates, Minister Nguyen Hong Dien said: Thoroughly grasping the consistent direction of the current Party and State leaders is: "Building laws in a constructive direction, both ensuring the requirements of state management and encouraging creativity, liberating all productive forces", "Resolutely abandoning the mindset of if you can't manage, then ban"; "The law only regulates framework issues, issues of principle, and does not need to be too long".
With the agreement and support of the Agency in charge of the review, the Ministry of Industry and Trade has sent a Report on acceptance and explanation to the National Assembly delegates.
Regarding the proposal for the Government to submit the draft law to the National Assembly for consideration and approval at a session, the Minister said that the Power Plan VIII determined that by 2030, that is, in just over 5 years, we must double our capacity. By 2050, that is, in 26 years, we must increase our current capacity by 5 times. If from now on there are no laws and no specific mechanisms and policies, we cannot attract investment.
The period from now to 2030 requires 14-16 billion USD per year, but after 2030, it will require 16-18 billion USD/year to ensure electricity security. Therefore, the Ministry hopes that this law will be passed soon because without policy, there will be no investment, without investment, there will be no electricity, without electricity, there will be nothing. Electricity must be one step ahead. However, the Ministry as the drafting agency or, more broadly, the Government will comply with the decision of the National Assembly.
According to the Minister, the urgent task is to have appropriate, synchronous and feasible mechanisms and policies to attract domestic and foreign investors to develop power sources and grids. Especially, electricity from renewable energy, new energy sources, clean energy or inter-regional transmission grids.
Currently, we have a mechanism to attract investment in the power grid system, point 2, Article 4 of the Electricity Law (amended). This new law basically opens the door for investors to invest in the transmission system. Of course, the high voltage and ultra high voltage systems must be state-owned. Now we are considering whether to keep 220kV or lower or 110kV or lower. If the delegates press the button to approve the voltage of 220kV or lower, the private sector can invest in order to mobilize renewable energy sources scattered throughout the country, then we will comply, but clearly this is a matter of national energy security.
The Minister added that offshore wind power is developing very strongly in developed countries, but we have one point that is different from other countries, because we are in a very special geopolitical and geo-defense position. Therefore, we cannot develop massively, without options, without strict regulations.
Therefore, it must be stipulated that state-owned corporations, domestic enterprises, and enterprises that are qualified but not transferred, including during the project investment and operation period, that have accepted to be investors, must accept the conditions we set.
Revoking slow-progressing power projects to ensure power supply for the future
Regarding slow-moving projects, Minister of Industry and Trade Nguyen Hong Dien emphasized the need to recover slow-moving power projects to address the increasingly serious power shortage. According to the Minister, Vietnam's electricity demand by 2030 will need to double the current capacity, and by 2050, this figure will have to be five times higher. However, traditional power sources such as hydropower and coal power no longer have room for development, while renewable energy such as solar power or wind power still face difficulties in growing rapidly.
Minister Dien explained that power projects have different characteristics compared to other types of investment projects, because electricity always has to be one step ahead and there needs to be a mechanism to recover projects that are behind schedule. According to him, many projects have been assigned to investors for many years but have not yet been implemented, causing a shortage of electricity. The Minister affirmed that without a strong mechanism to recover these projects, the country will continue to face a shortage of electricity.
The Minister said that the draft revised Electricity Law will clearly stipulate the decision-making authority and specific mechanisms to promote the development of renewable energy and electricity. The new regulations will also include the development of a competitive electricity market, especially promoting renewable energy sources such as solar power, wind power and green hydrogen power.
Regarding the development of offshore wind power, the Minister said that this is a technology that has been successfully deployed in many countries, and Vietnam also needs to have strict regulations to protect national security, especially for projects with the participation of foreign enterprises.
In addition, the Minister also mentioned the development of a competitive electricity market at all three levels: production, trading and consumption. Although non-state investors currently account for 52% of the electricity market share, the Minister affirmed that the electricity market still has great potential for further competitive development. However, he also emphasized the need to strictly control electricity prices to ensure macroeconomic stability and social security.
Minister Nguyen Hong Dien pledged to continue to coordinate with the agencies in charge of the review to fully absorb the opinions of National Assembly deputies, complete the draft Electricity Law and submit it to the National Assembly for approval at the end of this session. According to him, the delay in passing the Law will directly affect the process of attracting investment and developing the national power system, causing difficulties in meeting future electricity demand.
Source: https://www.pvn.vn/chuyen-muc/tap-doan/tin/5d349f52-27c5-4264-8f57-fd794aa7a422
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