Vietnam needs $133.3 billion for power projects by 2030

According to the Vietnam government, the country will need to invest up to $133.3 billion in new power plants and transmission networks over the next decade to meet it’s rising demand. …

Of the total, $96 billion is needed to build new power plants and $37.3 billion to expand its power grid. The investment will boost the country’s total installed power generation capacity to 138 GW by 2030from its current capacity of around 56 GW. Reportedly, the Ministry of Industry and Trade is drafting a new master power development plan that it will submit to the government for approval next month. According to the initial draft of the plan, Vietnam will raise the proportion of wind and solar energy and of LNG-to-power, while seeking to reduce coal-fired electricity.

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