Resolutely eliminate slow-progressing projects
On the afternoon of April 28, the Ministry of Industry and Trade held a conference to announce the Adjustment of the VIII Power Plan. This plan was revised after more than 2 years of approval (first time) and in the context of Vietnam aiming for double-digit GDP growth; adding nuclear power sources, green development trends, energy transition, and at the same time, some projects are behind schedule, causing the risk of power shortages in the near future.
Speaking at the conference, Minister of Industry and Trade Nguyen Hong Dien said that the adjustment of the VIII Power Plan was revised within 4 months with the spirit of running and queuing at the same time, which was a great effort by the ministry, localities and related units. However, the organization and implementation are more important, in order to avoid disruption of energy supply.
With the power source capacity by 2030 increasing 2-2.8 times compared to the present, the leaders of the Ministry of Industry and Trade requested that provinces and cities urgently direct the review and update of power sources and grids into provincial planning and related planning in accordance with the scale of increased capacity, complying with the priority list order proposed to the ministry.
In addition to the list of planned power projects, the Minister of Industry and Trade said that renewable energy projects under 50MW and 110kV power grids are under the authority of localities. Therefore, localities need to urgently approve policies and select investors for the projects.
 |
Minister of Industry and Trade chaired the conference. |
In particular, for key projects such as LNG Nghi Son and Ca Na, the leaders of the Ministry of Industry and Trade require that they must be completed by the end of the second quarter and the beginning of the third quarter. LNG power projects in Hai Phong , Cong Thanh, Vung Ang 3, Quang Trach 3, and Hiep Phuoc 2 must urgently complete their investment policies by the end of the third quarter and the beginning of the fourth quarter.
“We have said this many times at the meetings. If we are any slower this time, the ministry will have to make adjustments, and then a series of legal procedures will have to be changed, and the local authorities will have to take responsibility for the consequences,” said Minister Nguyen Hong Dien, affirming that the success of the VIII Power Plan Adjustment this time depends on the great efforts of the local authorities and the real capacity of the investors. In particular, the project progress is considered a decisive factor to ensure national energy security.
“In the previous phase, I saw many investors selected, but after being selected, they just waited for the right time to surf the waves and make a profit. In this adjustment of the 8th Power Plan, localities and units need to strictly control the project progress. When putting it into the plan, no matter how difficult it is, it must be done. We cannot attach national energy security to a few investors who cannot meet the requirements,” said Minister Nguyen Hong Dien.
Need attractive electricity price mechanism
Leaders of the Ministry of Industry and Trade also requested to urgently resolve the problems of renewable energy projects, proactively propose to replace slow-progressing projects with more feasible ones, to ensure electricity supply.
In particular, to realize the Adjustment of Power Plan VIII, a huge amount of resources will be needed in the near future, with an estimated need of about 16-18 billion USD per year from now until 2035. The Minister of Industry and Trade requested ministries, branches, and EVN to review relevant regulations, especially on electricity prices.
 |
Mr. Pham Nguyen Hung - Director of Electricity Department - informed about the content of Adjusting Electricity Planning VIII. |
“There needs to be a strong enough price mechanism, attractive enough for investors, especially for renewable energy. If we do not have a suitable price framework, we cannot attract investment; we cannot let investors spend a lot of money and collect small change,” Mr. Dien said, suggesting that EVN continue to review the proposed annual electricity price framework to be closer to reality, and complete the electricity price framework for the remaining types by mid-May at the latest.
Previously, regarding the content of the Adjustment of the VIII Power Plan, Mr. Pham Nguyen Hung - Director of the Electricity Department, Ministry of Industry and Trade - said that the development orientation of the VIII Power Plan Adjustment is to develop synchronously and diversify types of power sources; continue to promote the development of renewable energy sources, new energy, and green energy with reasonable electricity prices.
According to Mr. Hung, the new point of this planning is to provide a list of flexible backup projects to be ready to supplement when other projects are behind schedule. To ensure the goal, the 8th Power Plan also provides 11 solutions on ensuring power supply security, capital mobilization, policies, science and technology, electricity saving, human resource development, etc.
According to the Adjusted Power Plan VIII, the total capacity of power plants serving domestic demand in Vietnam by 2030 (excluding exports) is 183,291 - 236,363 MW, of which onshore and nearshore wind power reaches 26,066 - 38,029 MW (accounting for 14.2% - 16.1%).
Offshore wind power 6,000 - 17,032 MW; solar power reaches 46,459-73,416 MW (accounting for 25.3% - 31.1%).
Biomass electricity 1,523-2,699 MW, electricity produced from waste 1,441-2,137 MW, geothermal electricity and other new energy about 45 MW.
Hydropower 33,294-34,667 MW (accounting for 14.7-18.2%).
Nuclear power of 4,000 - 6,000 MW will be put into operation in the 2030 - 2035 period, and progress can be accelerated if conditions are favorable.
Source: https://tienphong.vn/bo-truong-cong-thuong-khong-chon-nha-dau-tu-dien-chi-luot-song-post1737978.tpo
Comment (0)