Coal demand for electricity production in 2024 is more than 74,3 million tons, but domestic sources can only meet 65%, the rest must be imported.
According to the decision on the coal plan for electricity production in 2024 recently approved by the Ministry of Industry and Trade, investors of power plants must arrange more than 74,3 million tons of coal for electricity production next year, of which the amount of coal must be imported. over 26 million tons.
That means domestic coal sources supplied from Vietnam National Coal and Mineral Industries Group (TKV) and Northeast Coal Corporation can only supply more than 48,2 million tons of coal for electricity production next year.
To have enough coal for electricity production next year, the Ministry of Industry and Trade assigned investors to diversify imported coal sources, purchasing to compensate for the amount of coal that TKV and Dong Bac Coal Corporation cannot supply, except for BOT power plants using domestic coal. Goverment Coal supply contract guarantee. Every month, the enterprise reports to the management agency on the supply and storage of coal for electricity.
Factories are also fully responsible for arranging legal coal sources and technical specifications consistent with the plant's technology (except for BOT plants). This is to ensure sufficient and stable supply of coal for the plant's operations at competitive prices.
"In any case, there must be no interruption of coal supply or lack of coal for electricity production," the Ministry of Industry and Trade requested.
In addition to Australia and Indonesia - Vietnam's main coal import markets, coal imports from Laos are also considered. According to the memorandum of cooperation in the coal field between Vietnam and Laos signed in July, each year Vietnam will import about 7 million tons of coal from Laos, depending on actual market conditions and needs of each side.
However, in order to have competitive prices for coal imported from Laos, at the conference on promoting cooperation in buying and selling coal from Laos on 9/12, Minister of Industry and Trade Nguyen Hong Dien proposed that the Lao Ministry of Energy and Mines and businesses propose that the Lao Government reduce coal export taxes and related fees. This is to reduce the cost of Lao coal imported to Vietnam.
At the same time, Minister Dien asked the Lao side to accelerate investment, upgrade or support businesses in infrastructure systems, warehouses, and coal transportation to Vietnam.
The leaders of the Ministry of Industry and Trade also assigned TKV and the Northeast Coal Corporation to propose a mechanism for importing (buying and selling prices) coal from Laos to Vietnam, to report. Prime minister. Including solutions to improve coal receiving capacity, signing a contract in principle with Lao partners on import output.
To have enough coal for electricity production next year, other corporations such as EVN and PVN review and adjust coal supply plans quarterly and report in the last month of the quarter. Businesses need to develop monthly coal supply and coal reserve charts and send them to the Ministry.
TKV, Dong Bac Corporation restructures corporate finances and innovates technology to maximize domestic coal exploitation, production and processing capacity for electricity generation.
