Vietnam to add 6,793 MW to power sources in 2025, fulfilling electricity demand
Vietnam is set to add 10 new power source projects with a total capacity of 6,793 MW in 2025, fulfilling the country's electricity demand next year, says state utility Vietnam Electricity (EVN).
At a Friday meeting with the Ministry of Industry and Trade to preview power supply in 2025, EVN added that the new key projects are the expanded Ialy hydropower plant with 360 MW, the expanded Hoa Binh hydropower plant with 480 MW, and the Quang Trach 1 thermal power plant with 1,200 MW.
The state utility noted other solutions, including deployment of economical use of electricity and sufficient coal supply.
The Ministry of Industry and Trade holds a meeting to preview electricity supply in 2025 on October 25, 2024. Photo courtesy of EVN.
At the event, the National Power System and Market Operation (NSMO) reported that the power supply in Vietnam in the first 10 months of this year, including generated and imported electricity, is set to grow 10.1% year-on-year to 309.7 billion kWh. The highest power capacity in the period reached 48,955 MW, up 7.52% year-on-year.
The NSMO attributed the strong performance so far this year to favorable weather conditions which helped hydropower output increase by 12.9 billion kWh to 106.1 billion kWh, up 14% year-on-year.
Meanwhile, coal-fired power plants continued to operate stably with the consumption of 47.6 million tons of coal in the period, the NSMO reported.
Last week, Prime Minister Pham Minh Chinh requested agencies to prepare scenarios for power sources, electricity load and power distribution in order to ensure there are no power shortages in 2025 under any circumstances.
The PM stressed that for every 1% increase in economic growth, electricity demand rises by 1.5%. As Vietnam is targeting growth of around 7% in 2024 and higher in subsequent years, electricity demand is expected to grow by at least 10%.
He said the task assumed greater importance as Vietnam advanced its industrialization and modernization agenda. The country’s electricity demand is expected to increase by around 2,200 megawatts by 2025, but with specific measures in place, no major shortages are anticipated, he added
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