Vietnam has come up with the latest draft of the National Power Development Plan with a vision to 2045 (PDP VIII) for the 2021 - 2030 period.
The PDP VIII has been revised and updated many times since the first draft was submitted in March last year.
In the plan, Vietnam has made drastic reduction of Co2 emissions. As per the plan, there will not be any new coal-fired power plants.
According to Deputy Minister of Industry and Trade Dang Hoang An, instead, there will be a switch from coal and natural gas to biomass, ammonia, and hydrogen.
During a virtual conference, the Deputy Minister said that the latest draft also makes remarkable changes to the structure of energy sources and the designation of power development space.
Meanwhile, he informed that the "total capacity of power generation sources is expected to reach 146,000 MW by 2030, down about 35,000 MW compared to the previous version."
It has been reported that the peak capacity in 2030 is estimated at about 93,000 MW.
As per a local report, addressing the conference, Deputy PM Thanh said the latest draft "PDP VIII has addressed shortcomings of the PDP VII, the revised PDP VII, and the draft PDP VIII."
The draft has outlined a roadmap where the share of wind and solar power is raised to 50.7 percent.