The Prime Minister has just signed Decision No. 500/QD-TTg dated May 15, 2023 approving the National Electricity Development Master Plan for the period of 2021 - 2030, with a vision to 2050 (Power Master Plan VIII).

Accordingly, Power Master Plan VIII plans to develop power sources and transmission grids at voltages of 220 kV or higher, industry and services in renewable energy and new energy in the Vietnamese territory in the 2021 period. - 2030, with a vision to 2050, including works connecting the power grid with neighboring countries.

Power planning VIII sets the goal of firmly ensuring national energy security, meeting the requirements of socio-economic development and industrialization and modernization of the country. Along with that, successfully implementing equitable energy transition associated with production modernization, smart grid construction, advanced power system management, in line with the trend of green transition, emission reduction, scientific and technological development of the world. At the same time, forming an overall energy industry ecosystem based on renewable energy, new energy.

In particular, about the goal of ensuring national energy security, supplying sufficient electricity demand in the country, meeting the goal of socio-economic development with an average GDP growth of about 7%/year in the period 2021-2030, about 6.5-7.5%/year in the period 2031-2050; Ensure safe and reliable power supply. By 2030, the reliability of power supply will be in the group of 4 leading countries in ASEAN, the electricity access index will be in the group of 3 leading countries in ASEAN; Striving to 2030, 50% of office buildings and 50% of residential houses will use self-produced and self-dissipating rooftop solar power (for on-site consumption, not selling electricity into the national electricity system).

For equitable energy transition, Power Master Plan VIII aims to strongly develop renewable energy sources for electricity production. Orientation to 2050, renewable energy rate up to 67.5-71.5%; Control greenhouse gas emissions from power generation to reach about 204-254 million tons in 2030 and around 27-31 million tons in 2050. Aim to reach peak emissions of no more than 170 million tons by 2030 with ensure that commitments under JETP are fully and substantively implemented by international partners; Building a smart grid system, capable of integrating and safely operating large-scale renewable energy sources.

Regarding the development of the industrial ecosystem and renewable energy services, it is expected that by 2030, two inter-regional renewable energy industrial and service centers will be formed, including electricity production, transmission and consumption; renewable energy equipment manufacturing industry, construction, installation, related services, building renewable energy industry ecosystem in areas with great potential such as the North, South Central, South Ministry when there are favorable conditions. In addition, developing renewable energy sources and producing new energy for export. Striving to 2030, the scale of electricity export capacity will reach about 5,000-10,000 MW.

To achieve the above objectives, the Electricity Master Plan VIII has also identified options for developing power sources, plans for developing electricity grids, linking the power grids with countries in the region, and orientations for rural electricity development. orientation for the development of industrial ecology and renewable energy services, and investment capital needs. Accordingly, in the period of 2021-2030, it is estimated that the total investment in development of power sources and transmission grids is equivalent to 134.7 billion USD; Orientation for the period 2031-2050 is estimated that the investment capital for development of power source and transmission grid is equivalent to $399.2 - 523.1 billion, of which investment for power source is about 364.4-511.2 billion USD. USD, transmission grid about 34.8-38.6 billion USD, will be precise in the next planning.

According to the approved Decision, the Ministry of Industry and Trade is responsible for the accuracy of data, documents, diagrams, maps and databases in the planning dossier, ensuring consistency with the contents of the planning document. Decision; To organize the announcement of the planning in accordance with regulations and implement the Decision in association with directing the implementation of socio-economic development tasks in accordance with the law, to develop a plan to implement the planning to implement the plan. implementation of the objectives and tasks set out; To organize the evaluation of the implementation of the planning in accordance with the provisions of the Law on Planning.

Attachments:

TẢI VỀ TOÀN VĂN QUYẾT ĐỊNH SỐ 500/QĐ-TTG