Long delayed LNG power projects may be replaced in revised PDP VIII
The Ministry of Industry and Trade is consulting ministries and localities for the adjustment of Power Development Plan VIII Phase 1 One of the contents is the proposal to replace coal fired or gas fired power plants with LNG power projects in the north
Long-delayed liquefied natural gas (LNG) power projects in the north could be replaced in a revised PDP VIII, according to the Ministry of Industry and Trade. Coal-fired thermal power projects take at least 36 months to prepare and implement, making early adjustments crucial for power generation progress in the 2029-2030 period.
The ministry is seeking feedback on the draft revised PDP VIII - Phase 1, which proposes replacing delayed gas-fired power plants with coal-fired power plant projects to ensure electricity supply in the 2031-2035 period. Local authorities are expected to meet the operational schedule of the replaced projects and bear full responsibility for any delays.
The State Bank of Vietnam, Ministry of Agriculture and Environment, and Ministry of Foreign Affairs are also asked to provide their opinions on the development of new coal-fired power plant projects. Other power sources like wind, solar, and biomass are being reviewed for adjustments to the project structure and portfolio. Petrovietnam, PV GAS, and Nebula Energy have signed a cooperation agreement to explore an LNG-powered data centre at Vung Ang Economic Zone.
Meanwhile, the Japan Bank for International Cooperation is ready to support Vietnam's energy and infrastructure projects in international markets.
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