HANOI : Vietnam aims to more than double its power generation capacity by 2030, but has slightly lowered its target for offshore wind and will heavily rely on coal until the end of the decade, according to a government document seen by Reuters.Total installed power generation capacity in the Southeast Asi
HANOI : Vietnam aims to more than double its power generation capacity by 2030, but has slightly lowered its target for offshore wind and will heavily rely on coal until the end of the decade, according to a government document seen by Reuters.
Capacity could soar to over 90 GW by 2050, according to the targets indicated by the government, which are still subject to changes until they are approved under a new power plan. The plan is important to unlock $15.5 billion of green-transition funds pledged to Vietnam in December by the Group of 7 nations and other wealthier countries, but its approval has been delayed for years amid internal squabbles and complex reforms.
The internal document said Vietnam will completely phase out all coal-fired power plants by 2050, in line with previous commitments.
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