Hanoi (VNA) – Deputy Prime Minister Trinh Dung Dung stressed solutions to
adjust the electricity planning scheme and deal with obstacles hindering investment
mobilisation in the electricity
sector at the National Assembly’s working session on November 7.
During the question-and-answer session to Minister
of Industry and Trade Tran Tuan Anh, the Deputy PM Dung said the Prime
Minister had decided to adjust the Power Development Plan VII in order to
supplement sources of electricity, especially renewable power, given the
risk of electricity shortage as from 2019.
The Deputy PM noted that solar and wind power
projects not only suit small-and medium-sized enterprises but also easily
attract investments both at home and abroad.
By 2030, Vietnam needs up to about 130 billion USD
for power development, which is hard to be mobilised, thus causing the
sluggishness of many power projects, Dung said.
The official pointed out imbalanced power investment
in regions, and emphasised the need to continue constructing the North-South
transmission line – circuit 3.
He suggested increasing renewable power in the Power
Development Plan VII and allocating electricity in accordance with demands
of localities in a bid to repeat the present imbalance.
At the session, Dung updated deputies on the
progress of some power projects like Thai Binh 2 Thermal Power Plant, and
called for efforts to speed up the implementation of the projects whose
investment procedures have been completed, as well as gas-fired electricity
The Deputy PM underlined the need to improve
institutions and laws regarding power development, especially typical
mechanisms and policies to support, encourage and remove difficulties facing
During the Q&A session on November 6, Minister of
Industry and Trade Tran Tuan Anh said solar, renewable and wind power would
help Vietnam deal with the potential shortage of electricity in 2019 and
As of June 30, 2019 when the electricity price
mechanism under the Prime Minister’s Decision 11/2017/QD-TTg expired, nearly
4,900 MW of solar power had been put into service, significantly
contributing to the national power source, according to the official./.