Vietnam Business Channel

Vietnam’s MoIT reports on Solar power development

Vietnam’s Ministry of Industry and Trade (MoIT) has been asked to report its list of all approved solar power plants to Prime Minister Nguyen Xuan Phuc before July 15, 2018. Earlier, the ministry proposed to Deputy Prime Minister Trinh Dinh Dung a change of some of the solar power projects in the Power Development Master Plan VII.

The MoIT said that the current master plan has several shortcomings and that electricity projects, especially in the southern region of the country have been delayed.  These include the Long Phu I, Long Phu II, Song Hau I, Song Hau II and Vinh Tan III projects.

Vietnam’s energy plans call for a diversified mix of technologies that includes solar and wind projects.  The development of thermal-power plants, a part of the energy mix, is facing difficulties due to increasingly stricter requirements on environment protection and infrastructure.

Solar energy projects in Vietnam have become popular with energy developers due to their quick investment and speedy construction approval processes, as well as being a clean power source that is popular with consumers.

In addition to the projects that have already been approved, the MoIT reports that there are a large number of solar power projects that have been submitted by investors to the ministry and that these projects need to be integrated into the government’s master energy plan. 

MoIT has said that the additional of new project that will be supplemental to the master plan should be done in a manner that ensures equality and transparency in planning and management to ensure a stable energy supply and land fund for projects.

Deputy Prime Minister Dung has asked the MoIT to report the specific list of approved solar projects that will be supplemented into electricity planning in different localities across the country and to enhance the management of these projects.

In addition, the MoIT has been asked to quickly complete the national solar power development plan that is to be submitted to the Prime Minister.

Currently, MoIT has approved more than 70 new solar projects, with a total capacity of 3,000+ MW that are expected to be operational within the next 12 months. This capacity is much larger than the combined capacity of projects by 2020 that had previously been approved by the Prime Minister in the master plan.

MoIT has been asked to take responsibility to asses and clarify the projects that should be added into the master plan along with their scale and feasibility.  According to the Government’s criteria, only those projects that have been assessed as feasible should be added into the report that is to be given to the Prime Minister so that government leaders can accurately understand the diversity and scale of all solar projects that are in the planning stages or currently under development.