PM urges solutions to ensure power supply

May 19, 2023 | 10:03

(0) user say

Prime Minister Pham Minh Chinh stressed the need to take short-term solutions to ensure enough electricity for production, business and daily use at a meeting between permanent Cabinet members and ministries and agencies in Hanoi on May 18.

PM urges solutions to ensure power supply | Society | Vietnam+ (VietnamPlus)

There may be a power shortage from now till May 25. (Photo: VNA)

Hanoi – Prime Minister Pham Minh Chinh stressed the need to take short-term solutions to ensure enough electricity for production, business and daily use at a meeting between permanent Cabinet members and ministries and agencies in Hanoi on May 18.

There may be a power shortage from now till May 25 as the intense heat wave triggers a spike in electricity demand, along with the drought that drains reservoirs, he said.

Given this, the leader asked the Vietnam National Coal-Mineral Industries Holding Corporation Limited and North-East Corporation to supply sufficient coal to thermal power plants that use domestic coal.

Meanwhile, the thermal power plants that use imported coal should employ measures such as borrowing and repurchasing coal of others, he said, urging the Vietnam National Oil and Gas Group to ensure the supply of fuels for oil- and gas-fired thermal power plants.

Relevant ministries and agencies should engage in negotiations with wind and solar power projects that are now ready to be connected to the national power grid, with provisional pricing.

Deputy Minister of Industry and Trade Dang Hoang An was tasked with directly instructing the Vietnam Electricity in rolling out solutions to operate the national power system, ensure electricity supply and prevent power shortages.

Firms ponder impact of new electricity hike

Vietnam last week raised its average retail electricity price by 3 per cent, in a move that could put upward pressure on inflation.

Vietnam's power sector faces difficulties integrating renewable electricity

The accelerated expansion of solar and wind energy is straining the national power grid.

Reliability remains issue in Vietnam’s electricity policy

Vietnam’s energy issues are still prevalent, even after it bumped up the electricity retail price earlier this month.

Modern objectives to consider in developing electricity market

The objective of electricity market reform has shifted globally. If previously the objective of electricity sector reform was primarily economic efficiency, it now simultaneously seeks to achieve three goals: economic efficacy, energy security, and environmental tolerance. This objective is crucial for governments committed to reducing emissions and decarbonising.

By VNA

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional