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Sunday, July 21, 2024

Proportion of coal-fired power to fall to 9.6% by 2045

By Van Phong

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HCMC – The proportion of coal-fired power generation projects will be cut to 9.6% by 2045, while renewable energy projects will account for 50.7% of the total power output, according to the draft Power Development Plan VIII.

The Government announced a conclusion Deputy Prime Minister Le Van Thanh made at a conference on the plan with local authorities. The conference agreed that the total electricity volume will reach some 146,000 megawatts by 2030, excluding the output of rooftop solar power.

Specifically, the country will have nearly 37,500 megawatts of coal-fired thermal power, 23,900 megawatts of LNG-fueled power, over 16,100 megawatts of onshore wind power, 7,000 megawatts of offshore wind power and over 8,700 megawatts of large solar power.

With the plan, the estimated investment in the electricity system has fallen VND2,000 trillion, while the capacity of projects has been cut by 35,000 megawatts compared with the plan submitted to the Government last year, and the investment in transmission systems has declined by nearly VND300 trillion.

Under the draft power development plan VIII, the capacity of power projects will increase to nearly 217,600 megawatts by 2035 and 401,600 megawatts by 2045.

By 2045, the country will strive to demonstrate its commitments at COP26 to achieve net-zero emissions by 2050 and focus on shifting to green and clean energy.

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