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Friday, June 14, 2024

Vietnam to import 26 million tons of coal for 2024 power production

By Truc Dao

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HCMC – Vietnam will import 26 million tons of coal next year for coal-fired power plants, according to a decision of the Ministry of Industry and Trade.

This decision is part of the broader electricity production strategy outlined for 2024. Power production in 2024 is expected to require 74.3 million tons of coal, but domestic suppliers could meet 65% of the volume.

The ministry’s power supply plan mandates thermal power plant investors to arrange sufficient coal reserves for power generation. The strategy aims to secure a stable coal supply for coal-fired power stations not only in 2024 but also in the subsequent years.

Thermal power plant operators are told to regularly update their electricity supply plans and national power system operations. This proactive approach allows for timely adjustments to coal preparation plans, minimizing the risk of disruptions and potential power shortages.

Vietnam National Coal and Mineral Industries Group, DongBac Corporation, and other coal suppliers have been entrusted with the task of proactively boosting production, importation and processing to ensure a consistent and sufficient supply of coal for power production in 2024 and beyond.

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