EVN worried about not being able to bear the cost of investing in the power grid?

According to Mr. Nguyen Tai Anh, Deputy General Director of Vietnam Electricity Group, Vietnam's electricity system is relatively large, ranking first in Southeast Asia, 22nd in the world, with investment costs for the power transmission system of 3-4 billion USD/year, which EVN alone cannot shoulder.

Mr. Nguyen Tai Anh, Deputy General Director of EVN, spoke at the conference - Photo: B.NGOC

Mr. Nguyen Tai Anh, Deputy General Director of Vietnam Electricity Group (EVN) said the above, at the Green Energy Transformation Workshop viewed from Resolution 70 of the Politburo , organized by Investor Magazine on October 30 in Hanoi.

Prioritize nuclear power to ensure energy security

According to Mr. Anh, to implement Resolution 70 of the Politburo on ensuring national energy security until 2030, with a vision to 2045 (Resolution 70), EVN is synchronously deploying many groups of solutions.

It is a priority to develop clean power sources, such as nuclear power plants, with low emissions to reduce dependence on coal and meet the goal of increasing the proportion of renewable energy.

Research and apply solutions to replace fossil fuels with less emission fuels such as green hydrogen, green ammonia, biomass... At the same time, EVN participates in a number of pilot projects to serve as a framework for developing new power sources.

Regarding the group of solutions for grid development, EVN is researching solutions to improve the transmission capacity of the grid to make the most of clean power sources for the system, build a smart transmission system to help optimize grid operations, minimize incidents, reduce losses, and contribute to reducing greenhouse gas emissions.

Integrating energy storage systems and building transmission systems connecting countries in the region.

"However, due to the large volume, the total investment cost is 3-4 billion USD per year, EVN alone cannot shoulder it," Mr. Anh emphasized.

To ensure energy security in the next 5 years, EVN is implementing research on solutions to apply science and technology, especially in developing power sources and grids associated with energy transition.

Prioritize the use of modern technologies and equipment with low consumption rates, high efficiency, environmental friendliness, and the application of digital technology, Big Data, AI, etc. to monitor, manage, and optimize production processes.

In addition, EVN is implementing groups of solutions on energy saving and emission management, human resource development, and building plans to mobilize capital from international organizations for strategic investment projects in the electricity industry.

Notably, green financial policies attract investment capital from financial institutions to reduce investment pressure from state capital sources.

Investment in the power transmission system is about 3 - 4 billion USD each year - Photo: NGOC LAM

Encouraging FDI and private investment in the electricity industry

Speaking at the workshop, Associate Professor Dr. Dang Tran Tho, Director of the Institute of Energy Technology, Hanoi University of Science and Technology, said that over the past three decades, Vietnam's energy industry has played a pivotal role in socio-economic development.

However, the primary energy structure is still biased: Coal accounts for about 49.7%, petroleum and petroleum products account for 24.7%, natural gas 6.4%, hydropower 6.8%, renewable energy about 3.3%, biomass and waste 9.1%.

For example, the electricity mobilization structure for the first 6 months of 2024 is as follows: coal 56.9%, hydropower 18.9%, gas 8.6%, renewable energy 13.7%, import 1.7%.

"The high level of dependence on fossil fuels puts Vietnam at double risk, facing both fluctuations in global energy prices and pressure to reduce emissions to fulfill the Net Zero 2050 commitment at COP26," Mr. Tho assessed.

According to Vietnam Energy Outlook 2024, to achieve the Net Zero 2050 target, Vietnam needs to invest an additional 8-10 billion USD/year in renewable energy, infrastructure and storage technology, a figure that represents a huge financial challenge.

In this context, Resolution 70 sets out four groups of goals: building a modern, sustainable, smart, and synchronous energy system; increasing the proportion of renewable energy to about 30% of total energy supply by 2030, aiming for 40-50% by 2045; reducing greenhouse gas emissions by 10% by 2030 and 20% by 2045, moving towards carbon neutrality by 2050; developing a green economy, a circular economy, promoting the application of science and technology and innovation in energy.

To achieve strategic goals of energy security, emission reduction, and green growth, Mr. Tho recommended the need for a synchronous, interdisciplinary solution system, linking the State - enterprises - institutes, schools - society.

Accordingly, it is necessary to increase the role of the private sector and FDI in developing the electricity industry, encourage mixed investment, and encourage private corporations to join the State in investing in energy infrastructure projects. Orientation to attract new generation FDI in source technology, knowledge transfer and R&D in the energy sector.

BAO NGOC

Source: https://tuoitre.vn/evn-lo-khong-ganh-noi-chi-phi-dau-tu-luoi-dien-20251030124312335.htm