Vietnam plans to double power generation capacity by 2030

Vietnam plans to double power generation capacity by 2030

/ Energy & Power / Thursday, 28 April 2022 11:41

As a regional manufacturing powerhouse and the largest power generator in Southeast Asia, Vietnam looks to double its total installed power generation capacity to 146,000 megawatts by 2030.

As per the country’s utility company EVN, Vietnam records total installed generation capacity of 76,620 MW at the end of 2021. Wind and solar account for 27% of the total capacity.

As a commitment to be carbon neutral by 2050 made at a United Nations climate conference in Glasgow (COP26) in November, Vietnam is prioritizing development of renewable sources whilst reducing its coal dependency. Its new draft of power development plan, restricts development of coal-fired power plants and seeks to explore other fuel sources, including hydrogen and ammonia.

Coal still generates record CO2 emissions, critically hampering the global carbon reduction drive.

The UN's Intergovernmental Panel on Climate Change and the International Energy Agency say capping global warming at liveable levels means no new coal plants and a rapid phase-out of existing ones. Rich countries must do so by 2030 and most of the rest of the world by 2040, they said. Many emerging economies – India, Vietnam, Bangladesh – have cut back on plans for new coal-fired capacity.

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