Deputy Prime Minister Tran Hong Ha has just signed Decision No. 338 approving the Plan for Implementation of the National Energy Development Master Plan for the 2021 – 2030 period, with a vision to 2050.
The goal of the Plan is to effectively implement Decision No. 893/QD-TTg of July 26, 2023, of the Prime Minister on approving the National Energy Development Master Plan for the 2021 – 2030 period, with a vision to 2050. At the same time, it will determine specific project portfolios and the progress of the programs and projects in each phase from now to 2030.
The estimated land demand for the development of infrastructure and facilities for the energy sector is about 93,540 – 97,240 hectares in the 2021 – 2030 phase and is expected to be about 171,410 – 196,760 hectares in the 2031 – 2050 phase. The sea area for offshore works is estimated to be about 334,800 hectares by 2030 and about 1,302,000 – 1,701,900 hectares by 2050.
Total investment capital demand of the energy sector for the entire 2021 – 2030 period is about 4,133 – 4,808 billion VND. Of which, the 2021 – 2025 period is about 1,640 – 1,887 billion VND and the 2026 – 2030 period is about 2,493 – 2,921 billion VND.
Offshore electricity (illustrative image).
The Deputy Prime Minister assigned the Ministry of Industry and Trade to preside over and coordinate with other ministries and sectors to effectively implement the Plan in accordance with the Law on Planning and relevant laws, ensuring sufficient energy supply for socio-economic development.
The Ministry of Industry and Trade is responsible for regularly reviewing the energy supply and demand situation, the progress of project implementation, and proposing solutions to adjust energy supply, ensuring energy supply and demand for the economy.
In addition, the Deputy Prime Minister also assigned the Ministry of Industry and Trade to preside over and coordinate with relevant ministries, sectors, and localities to review and ensure that projects that have been approved in principle or have made investment decisions, but are currently under inspection, examination, investigation, audit, or enforcement of court decisions (if any), shall only be continued after the conclusions have been fully implemented.
The Ministry of Planning and Investment is assigned the task of developing mechanisms and policies to attract foreign investment, ODA capital, and private investment capital for the development of the energy sector in a synchronous, balanced, and sustainable manner.
