Subscribe to download Archive
Subscribe to download Archive

AsiaElec: Hanoi’s long-term power-plan a mix of renewables, LNG and always … coal

Approving its ‘National Energy Master Plan (NEMP)’ this month, the Vietnamese government has underscored its commitment to reach net zero by 2050. In the same timeframe Hanoi has shown on paper at least it is working to increase the percentage of renewable power in the national mix to between 80% and 85% of the total.

In a plan laid out to cover the 2021-2030 period, the authorities in Hanoi also include a great deal of energy-related forward-looking intent to cover the decades until 2050.

Much of course is made of the need to guarantee energy security for the country, and to be fully self-sufficient by the middle of the century. This is framed by a projected 7% per annum increase in the nation’s economy over the next six years. This number is then predicted to fluctuate somewhere between 6.5% and 7.5% in the years between 2031 and 2050.

In addition to the NEMP sticking to the energy security mantra by focusing on fossil fuels including coal, oil, and increasingly gas in the short term, LNG policy in the coming years also draws particular attention.

If you’d like to read more about the key events shaping the Asian power sector then please click here for NewsBase's AsiaElec Monitor.