Update news vietnam's power market
The volume of electricity imports is small, mostly from China and Laos, according to the Ministry of Industry and Trade (MOIT).
Electricity imports from Laos and China accounted for just a modest part of the total electricity demand of Vietnam, Deputy Minister of Industry and Trade Dang Hoang An.
Many NA deputies raised the question of why Vietnam has to import electricity from Laos and China while 4,600 MWs of renewable energy are wasted and not allowed to connect to the national power grid.
While renewable energy sources are currently in surplus, the national power system in 2023 is at risk of experiencing electricity shortages due to extreme weather conditions and many hydropower plants reaching dangerously low water levels.
The Vietnam Electricity Group (EVN) is negotiating to purchase more electricity from China and Laos, according to EVN General Director Tran Dinh Nhan.
Electricity of Vietnam (EVN) has repeatedly warned of electricity shortages, saying that hydropower reservoirs are exhausted.
Electricity of Vietnam (EVN) has repeatedly warned about possible electricity blackouts this summer because of expected large-scale drought. If so, alternate power cuts could prove to be unavoidable.
The Northern Power Corporation will buy electricity from China’s Guangxi Power Grid Company to ease the power shortage this summer.
Although Vietnam has committed to reducing net emissions to zero by 2050, the country is still building thermal power plants such as in Nghi Son, Thai Binh 2, and Van Phong.
Electricity of Vietnam (EVN) is buying electricity from different sources, including hydropower, coal-fired, wind power, solar power, gas turbines and imports.
Many hydroelectric reservoirs are experiencing critically low water levels while the hot summer season has just begun. The power sector has urgently suggested measures to cut down and save electricity during the challenging summer of 2023.