Vietnam pledges increasing power generation capacity by 2030

Vietnam pledges to double its total installed power generation capacity to 146,000 megawatts by 2030.

According to the government, for this, it will focus on development of renewable sources and reduce its coal dependency.

The latest power development plan is all set to "restrict development of coal-fired power plants and be open to other fuel sources, including hydrogen and ammonia," the statement issued by the government reads.

It comes following Vietnam's commitment to turn carbon neutral by 2050 which it announced during the United Nations climate conference in Glasgow in November.

Currently, Vietnam has a total installed generation capacity of 76,620 MW as per the data of EVN. Out of this, wind and solar account for around 27% of the total capacity.

The country is a regional manufacturing powerhouse and is the largest power generator in Southeast Asia.

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