MoIT concerned over potential electricity shortages Minister of Industry and Trade Tran Tuan Anh sounded the alarm about the high risk of power shortages at a meeting earlier this week. In a report sent to the Government and the National Assembly, the Ministry of Industry and Trade (MoIT) said extreme weather conditions have left many hydropower plants without enough water to produce electricity. The MoIT plans to import 20 million tonnes of coal in 2020 and 35 million tonnes in 2035. It also added the local supply of gas was not enough to generate electricity for projects in the southeast and the southwest of the country. There are more than 10 projects in the area accounting for 16 percent of total capacity in Viet Nam. MoIT said demand for liquefied natural gas (LNG) will continue to be strong, outpacing domestic production by 2020 requiring the country to import around one million cubic metres a year. Phung Van Sy, general manager of the ministry’s oil and gas division, said Vietnam’s natural gas supply is currently 9-10 billion cubic metres a year. Currently, the electricity system still met demand for socio-economic development, however, with no backup plan, there was a risk of… Read full this story
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