Proposed Government Solutions for Renewable Energy Projects

Vice Chairman of the People’s Committee of Quang Tri province, Ha Sy Dong, stated that Quang Tri has proposed to the Prime Minister important contents regarding the removal of obstacles for renewable energy projects.

Thus far, the total installed capacity of renewable energy projects in the province that have been put into commercial operation is 1,119.5MW.

For renewable energy projects already included in Power Development Plan VII and its adjustment, which are currently under investment in the province: There are currently 11 wind power projects with a total capacity of 424MW and 7 small hydropower projects with a total capacity of 93MW under development. One of the wind farm projects, Huong Linh 4, has completed installation but is awaiting permission from authorized agencies to conduct testing and supervision procedures for grid connection to be officially operated in the national power system. In addition, some other projects are facing delays in the process of connection extension and specialized agreements with the power sector, leading to slow progress and a waste of social resources.

Therefore, the Vice Chairman of the People’s Committee proposed that the Prime Minister consider and direct relevant ministries and sectors to resolve these issues to put these projects into operation soon. At the same time, based on the locality’s practical situation, consider adding an additional 1,500 – 2,000MW of onshore wind power capacity and 2,600 – 4,000MW of offshore wind power capacity for Quang Tri province.

Moreover, the Vice Chairman of the People’s Committee also proposed to the Prime Minister regarding the early approval of the Plan for implementing the Power Development Plan VIII and the request to convert the coal-fired power plant project to an LNG-fired power plant.

Earlier, at the regular Government meeting for November on December 7, 2024, the Government voted to pass a resolution on the orientation, direction to overcome obstacles and difficulties for renewable energy projects, including issues related to violations and obstacles, viewpoints, solutions, principles, and authority to resolve them.

With the orientation to become the energy center of Central Vietnam by 2030, Quang Tri province has just proposed to the Ministry of Industry and Trade to add an additional 4,100 – 6,000MW of onshore and offshore wind power capacity to Power Development Plan VIII.

Adding 6,000MW of Power Capacity to the Master Plan

Quang Tri aims to become the energy center of Central Vietnam by 2030, in line with the Government’s support and the resolution of the 17th Provincial Party Congress.

As of now, the total commercial power generation capacity of energy projects in the province is 1,119.5MW, and it is expected that in 2024, an additional wind power project with a capacity of 30MW will be put into commercial operation.

Many other wind and hydropower projects with a total capacity of 487MW are under development, along with LNG-fired power projects with a capacity of 1,500MW, natural gas-fired power projects with a capacity of 340MW, and a proposed conversion of coal-fired power to LNG-fired power with a capacity of 1,500MW.

Vietnam Electricity (EVN) is also constructing several 500kV transformer substation and transmission line projects in Quang Tri. The operation of these transmission grid projects will enhance power transmission capacity and serve as a basis and criterion for Quang Tri to further develop the potential of wind power projects in the western and offshore areas.

According to Power Development Plan VIII, Quang Tri province is allocated a total capacity of 1,800MW by 2030. Excluding the projects already in operation, the province commits to selecting investors for the remaining allocated capacity of 632.6MW.

However, there are currently 62 onshore wind power projects with a total capacity of about 4,748MW that have been studied, surveyed, and included in the list of potential projects in Power Development Plan VIII.

Therefore, the People’s Committee of Quang Tri province proposed that the Ministry of Industry and Trade consider adding an additional 1,500 – 2,000MW of onshore wind power capacity for the province.

According to local leaders, for offshore wind power in the Con Co island area, there are currently three offshore wind power projects with a total capacity of 2,600MW included in the list of potential projects in Power Development Plan VIII, and four projects with a total capacity of 3,000MW that have been approved by the People’s Committee for survey and research. As a result, Quang Tri proposed that the Ministry of Industry and Trade consider allocating offshore wind power sources to Quang Tri with a capacity of 2,600 – 4,000MW. The total capacity that Quang Tri proposed to add to Power Development Plan VIII this time is 4,100 – 6,000MW of onshore and offshore wind power.

You may also like

The Power of Persuasion: Unlocking the Potential of the Central Energy Center with a “Bold” Proposal from Quang Tri

The People’s Committee of Quang Tri Province has proposed to the Prime Minister for consideration the addition of approximately 1,500-2,000 MW of onshore wind power and 2,600-4,000 MW of offshore wind power to the region’s energy mix.

Unlocking Vietnam’s Renewable Energy Potential: Overcoming Hurdles for a Brighter Future by February 2025

Prime Minister Pham Minh Chinh has instructed relevant authorities to address all obstacles and challenges faced by renewable energy projects by January 31, 2025. This proactive measure aims to prevent wastefulness of already invested capital and ensure a supplementary energy source to meet the economic development goals for 2025.

The Renewable Energy ‘Bigwig’ Tracin Announces 2023 Financial Targets

This enterprise boasts an impressive total asset value of VND 89,300 billion, with payable debts amounting to VND 65,000 billion.

“The Troubling Financial Woes of Trung Nam Group: A Daunting Reality”

As of the end of 2023, Trung Nam Construction Investment Joint Stock Company (Trung Nam Group) had accumulated a debt of over VND 65,000 billion, 2.68 times their equity.

The Future of Electricity Pricing: A Market-Driven Approach

According to the Ministry of Industry and Trade and industry experts, the newly amended Power Law, passed by the National Assembly, will bring about significant changes in legal regulations. This will untie the knots hindering the development of the electricity industry, particularly in terms of capital mechanisms and investment incentives to attract resources for electricity development and operation.