By 2030, the power industry will need an investment of US$128.3 billion in building electricity generation and the power grid. The total investment in the 2031-2045 period will be some US$192.3 billion.
Total installed capacity of electricity sources in Vietnam will reach 137.2GW by 2030, in which wind, solar and other renewable energies will make up the largest proportion (29%), followed by coal-fired thermal power (27%), gas thermal power (21%).Chart: Phi Nhat
By 2045, the total installed capacity of power sources will gain nearly 276.7GW, in which wind, solar and other renewable energies account for the major portfolio (44%), besides gas thermal power (24%) and coal-fired thermal power (18%).
The draft plan also revealed that Vietnam will continue to import electricity from China, Laos and Cambodia in the next 10 years.
Vietnam Electricity, the state-owned company, is purchasing electricity from China through two 220kV power lines, with 1.5 billion kWh of power being bought annually during the 2016-2020 period. This northern neighboring market can sell up to 3,000MW of electricity or more to Vietnam from now until 2030.