According to a recent report released by the Ministry of Industry and Trade, the cumulative electricity production and import of the national power system for the first six months of 2024 is estimated at 152.347 billion kWh, a 12.43% increase compared to the same period in 2023.
Northern Vietnam still faces power shortage risks. Photo: EVN
In June 2024, the hydrological situation of hydroelectric reservoirs in the northern region improved, and some hydroelectric plants discharged water according to operating procedures. Hydroelectric sources have been mobilized based on actual hydrological conditions.
Thermal power sources, especially coal-fired power plants in the north, have been reasonably mobilized to meet electricity demands.
In combination with the solution of increasing electricity transmission from the south and central regions to the north in the first months of the year, the electricity supply situation of the whole system in the first six months of 2024 has been favorable, ensuring sufficient electricity for production and daily life of people across the country, especially during holidays and Tet.
The Ministry of Industry and Trade said that at the end of June, the ministry organized a meeting with EVN and the National Load Dispatch Center to review the Power Supply and National Power System Operation Plan for July 2024. According to updated calculations, electricity supply will be basically guaranteed for the remainder of 2024.
However, the Ministry of Industry and Trade said that for the northern region, due to the low reserve capacity and electricity volume at the end of the dry season (end of June), there is a risk of peak capacity shortage at certain times if multiple large generator units break down or load demand increases abnormally.
The Ministry of Industry and Trade also assessed that the sudden increase in electricity demand since the beginning of 2024 has posed challenges for electricity supply.
Therefore, the ministry will regularly monitor and supervise fuel supply (coal, gas, oil), the operation of power sources, and urge and direct corporations, general companies, and related units to continue to strictly implement solutions to ensure electricity supply for the remaining months of 2024.
According to the Electricity Regulatory Authority (Ministry of Industry and Trade), the northern power system basically meets the load capacity demand, but the reserve capacity of power sources remains low.
In July 2024, with the scenario of extreme prolonged hot weather, in case coal-fired thermal power plants encounter accidents or reduced capacity, the northern power system may run out of reserve capacity.
In this case, we will resolutely implement the deployment of shifting load demand between peak hours, while mobilizing additional diesel power sources borrowed from customers to ensure sufficient electricity supply.
During the period from August to December, the reserve capacity of the northern power system remains low, and power generation units need to continue to strictly implement measures to maintain available capacity and equipment readiness.
As for the power systems in the southern and central regions, they meet the peak load demand throughout 2024.
However, in the context of a significant decline in domestic gas sources and the suspension of gas fields for maintenance and safety, it is necessary to mobilize flexible sources such as switching to using DO fuel, supplementing LNG for gas turbine units, and the oil-fired power plants in Can Tho and Thu Duc to meet peak load demand as well as high evening load demand when solar power is not available.
Industrial production index in January 2024 rises by 18.3% compared to the same period last year
According to the statistics from the General Statistics Office, the industrial production index of January 2024 is estimated to have decreased by 4.4% compared to the previous month and increased by 18.3% compared to the same period last year, with the manufacturing industry increasing by 19.3%.
Endless Power Source Remains Uninterrupted Despite Existing Power Shortage.
According to the Ministry of Industry and Trade, during the period from 2023 to 2025, it is necessary to put into operation approximately 19,000 MW of new electricity sources to ensure sufficient power supply.
Industrial production index in the first two months of the year estimated to increase by 5.7% compared to the same period last year.
According to the General Statistics Office, the Industrial Production Index (IIP) for February 2024 is estimated to decrease by 18% compared to the previous month and decrease by 6.8% compared to the same period last year. However, for the first two months of 2024, the IIP is estimated to increase by 5.7% compared to the same period last year (a decrease of 2.9% compared to the same period in 2023).
