HANOI : Vietnam is battling electricity cuts caused by a heatwave that has exposed structural and bureaucratic problems limiting available power to half of installed capacity and crimping efforts to unlock $15.5 billion in global climate funding.The manufacturing hub hosts large factories run by tech firm
HANOI : Vietnam is battling electricity cuts caused by a heatwave that has exposed structural and bureaucratic problems limiting available power to half of installed capacity and crimping efforts to unlock $15.5 billion in global climate funding.
"Addressing power shortages requires more concerted efforts to ensure efficient decision-making process for electricity market reforms," said Trang Nguyen, head of the Southeast Asia team at Australia's non-profit Climateworks Centre. It has nearly 80 gigawatts of maximum installed power capacity, but the heatwave has cut output to less than half that at peak times, data for two-week averages to June 11 from state network operator EVN shows, or not even enough for normal days.
But even coal is falling short, as roughly 25 per cent of capacity at such plants has been idled for repairs, the industry ministry said. Installed capacity from solar farms and rooftop panels stood at 19.4 GW by the end of 2020, but just 10.5 GW was in use on average at peak time in the heatwave, EVN says.
Wind power projects, slowed by administrative hurdles and the COVID-19 pandemic, saw about 12.5 GW go unused by February, after missing a 2021 deadline for government authorisation to sell electricity at more favourable prices, according to an internal document from a member of the Group of Seven nations seen by Reuters.Donors from the G7 and others, who pledged $15.
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