GOV’T ISSUES ACTION PLAN TO IMPLEMENT NATIONAL ENERGY DEVELOPMENT STRATEGY

PM Nguyen Xuan Phuc has issued an action plan to realize the Party Central Committee’s Resolution No. 55-NQ/TW dated on February 11, 2020 on the orientation of the National Energy Development Strategy to 2030 with a vision towards 2045.



Under the action plan, the Government will strive to meet domestic energy demand and satisfy targets of the 10-year socio-economic development strategy for 2021-2030.

Specifically, total primary energy supply will reach 175-195 million tons of oil equivalent (TOE) by 2030 and 320-350 million TOE by 2045.

Total installed capacity of power sources will be raised to about 125 - 130 GW and the power output to 550-600 billion kWh by 2030.

The share of renewable energy sources in the total primary energy supply is expected to account for 15-20% and 25-30% by 2030 and 2045 respectively.

Total final energy consumption will touch 105-115 million TOE by 2030 and 160-190 million TOE by 2045. Primary energy intensity would be 420 - 460 kgOE/US$1,000 GDP by 2030 and 375 - 410 kgOE/US$1.000 GDP by 2045.

The ratio of energy saving over total final energy consumption compared to the business-as-usual scenario will be increased to around 7% by 2030 and 14% by 2045.

The Government targets to reduce greenhouse gas emissions from energy activities against the business-as usual scenario by 15% and 20% by 2030 and 2045 respectively.

It also plans to build a smart grid system that can be connected safely with regional grids and meet N-1 criteria for important load centers and N-2 criteria for extremely important load centers.

The reliability of power supply will be among top 4 ASEAN countries while the power access indicator among top 3 ASEAN countries over the next decade.

By 2045, the Government will synchronously develop factors of a competitive and transparent energy market in accordance with the socialist-oriented market economy; ensure sustainable development of energy sub-sectors as well as efficient utilization of natural resources.

The Government will also focus on ensuring the quality of human resources, technological and scientific qualification and governance capacity of the energy sector to meet the level of a modern and developed country.

Source: VGP


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