Streamlining Power Investments in Vietnam to be held on April 8

Streamlining Power Investments in Vietnam to be held on April 8

The electricity supply is currently facing great challenges since many projects have been stalled due to complicated investment policies, rendering the future availability of power not promising.

Electricity usage soared during the pandemic and the economic crisis, making power supply an urgent issue, which is further exacerbated by the fact that the north of Vietnam is about to enter the hottest months of the year while the power supply from central and south Vietnam remains limited due to low transmission capacities.

According to the Politburo's Resolution No.55-NQ/TW dated 2020 on strategic orientations for Vietnam's national energy development to 2030, the overall capacity of power sources would reach around 125-130GW by 2030, with an electricity production of roughly 550-600 billion kWh.

To discuss these challenges, VIR will host the seminar titled Streamlining Power Investments in Vietnam.

The seminar's expected agenda is as follows:

Session 1: Recovering electricity demand for the economy

Speakers will discuss the active role of energy in economic growth, investment attraction, and new requirements presented in the process of developing power sources in accordance with the COP26 goals.

Participating in the discussion are representatives of the Ministry of Planning and Investment; Nguyen Tuan Anh, deputy director of the Electricity and Renewable Energy Department under the Ministry of Industry and Trade; Nguyen Tai Anh, deputy general director of Electricity of Vietnam; Nguyen Quoc Trung, deputy director of the National Load Dispatch Centre; and Ha Dang Son, director of the Centre for Energy Research and Green Growth.

Session 2: Unlocking capital inflows for the power sector

Speakers will assess the investment state of numerous power projects, the shortcomings of the transmission infrastructure, and electricity prices to encourage investment in the power industry and develop a suitable pricing mechanism.

This session will include speakers from large power projects, such as PetroVietnam Power Corporation, T&T Group, and Trung Nam Group, along with Bui Xuan Hoi, energy economist and rector of the Northern Electricity College and officials from a variety of state agencies.

The seminar's sponsors are: Diamond - Electricity of Vietnam and PetroVietnam; Platinum - T&T Group; and Gold - Trung Nam Group, PV Power and Sungrow O&M.