It will also work to raise wind power projects on a reasonable and feasible scale.

Vietnam’s ministry of industry and trade (MoIT) has been asked to finalise the National Power Development Plan (PDP) VIII from 2021 till 2030 with a vision till 2045, focusing on reducing coal-based power. It will review the feasibility of thermal power projects using domestic gas while reducing the capacity of power plants using imported LNG by 2030.

The ministry had earlier submitted a report to the cabinet on issues relating to PDP VIII.

A government notification said the ministry should continue its work with investors on implementing coal-fired power projects that are facing obstacles in terms of capital to decide whether to continue such projects under current conditions or adopt other options, a news agency reported.

It is also essential to calculate electricity imports from neighboring countries, especially Laos, to expand the scale of biomass and hydrogen power sources, the notification said.

Solar power planning for 2030 should be reviewed to ensure efficiency, and avoid economic damage, it added.

The ministry has urged the government to allow the deployment of planned and approved solar power projects that have not yet been operationalised  with a total capacity of about 2,428 MW as a delay could lead to legal risks and compensation for investors.

Fibre2Fashion News Desk (DS)