Compared to the time adopting Resolution No. 10-NQ/TW by the Politburo on January 18, 2022 on maintaining the stability of political security in the border areas, Resolution No.23 of the Government this time leans more on attracting investments for economic growth of the Central Highlands. This is the comment of Deputy Minister of Planning and Investment Tran Duy Dong in the interview conducted by Sai Gon Giai Phong (SGGP) Newspaper.
Many wind power projects in Central, Central Highlands, and Mekong Delta provinces cannot sell electricity because they are finished behind schedule, so they are suffering debts of trillions of Vietnamese dong.
In response to the Government's policy of solar power development, many businesses have invested trillions of Vietnamese dong. However, for many objective and subjective reasons, many projects could not complete before January 1, 2021, so they cannot sell electricity, wasting billions of Vietnamese dong every day.
Responding to the Government's policy of encouraging the development of solar power, many businesses across the country have invested in solar power. Ironically, many investors now have to worry about debts piling up.
The Office of the People's Committee of Quang Tri Province, on August 3, said that the leaders of the People's Committee of Quang Tri Province had sent a document to the Prime Minister and the Ministry of Industry and Trade requesting consideration and supplementation of the offshore wind power plant project on Con Co Island into the National Power Development Planning VIII.
The draft National Power Development Plan for the period 2021-2030 (draft PDP VIII), with a vision to 2045 will be revised to align with Vietnam's commitment to net-zero emissions by 2050 made at the 26th UN Climate Change Conference of the Parties (COP26).
The authorities in the Central Highlands province of Dak Lak have granted in-principle investment approval to six foreign-funded wind power projects worth more than VND10.08 trillion (US$436.5 million).
Renewable energy (RE) projects from wind, sunlight, and biomass are expected to make up for the shortage of electricity supply and gradually replace thermal and hydroelectric sources of power. This is especially important in the context that thermal power plants, especially small hydroelectric power plants, are negatively affecting the environment.
More than 500 enterprises participated in a conference on sustainable renewable energy development, hosted by the Ministry of Industry and Trade on July 9, to find opportunities to invest in the field.
Document No.693/TTg-CN signed by the Prime Minister on June 9, 2020 has allowed the use of wind power in the national electricity grid. However, the insufficient infrastructure in Vietnam has, to some extent, limited the potential development of this green power source. Immediate actions are required to amend the situation so that this environmentally friendly power is exploited to the fullest.
The South Central province of Ninh Thuan has licensed a slew of power projects while transmission infrastructure has not been built synchronously. That has resulted in excessive supply forcing plants to operate perfunctorily.
Rapid development of solar power plants has led to overloading on the transmission lines and electrical substations from 110kV to 500 kV in Ninh Thuan and Binh Thuan provinces. Meanwhile, overhead power line projects to transmit power generated by solar power plants have faced several difficulties, especially obstacles in site clearance.
Deputy Prime Minister Vuong Dinh Hue has applauded the investment in wind and solar energy in Vietnam of Belgium’s Rent-A-Port and suggested the company work on connecting wind power with Vietnam’s national power grid.