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Vietnam Installs 16,420 MW Capacity Of Solar Power By Oct’21

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For the electricity sector, by the end of 2021, the total installed capacity of the national power system will reach 77,982 MW, an increase of 1.11 times compared to 2020. In 2021, 5 hydropower projects have been put into operation capacity of 470 MW, 3 coal-fired power projects with a total capacity of 3840 MW. By the end of October 31, 2021, there were 16,420 MW of solar power (including 8,673 MW of concentrated solar power and 7,755 MW of rooftop solar power), more than 4,120 MW of wind power, 382.1 MW of biomass power, 9.43 MW of solid waste electricity.

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In the work of electricity supply, the electricity sector has ensured a good balance of electricity to serve the country’s socio-economic development, national security, and people’s daily life. In 2021, the total output of electricity produced and imported for the whole year is estimated at nearly 255.37 billion kWh, an increase of 3.34% compared to 2020.

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In particular, in the face of the complicated developments of the Covid-19 epidemic in big cities such as Hanoi, Ho Chi Minh City, and many southern provinces and cities on a large scale, affecting socio-economic development. of the country, the Ministry of Industry and Trade promptly proposed and approved by the Government, guiding the Electricity of Vietnam (EVN) to reduce electricity prices and reduce electricity bills in 5 phases with an amount of nearly 17,000 billion VND for customers affected by the Covid-19 pandemic.

The timely implementation of the policy of reducing electricity prices and reducing electricity bills for electricity users during the complicated development of the Covid-19 epidemic is the effort of the Ministry of Industry and Trade, contributing to join hands with the whole country to prevent, anti-epidemic; at the same time, uphold the sense of responsibility, sharing, contributing to alleviating difficulties for the people, maintaining and restoring production and business activities to soon overcome difficulties and win the Covid-19 pandemic.

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Based on the socio-economic development targets and plans in 2022, the Ministry of Industry and Trade has given specific solutions and directions for each key energy sector in order to continue to strengthen the system’s capacity.

Specifically, for the power sector, the Ministry of Industry and Trade will promote research, advice, development, and submission for approval of mechanisms and policies to encourage the development of renewable energy in accordance with the objectives, planning, and conditions for socio-economic development of the country; Formulate and implement the development strategy of Vietnam’s electricity industry; Continuing to implement BOT projects of thermal power plants under the direction of the Government; Focus on removing difficulties to bring large power projects that play an important role in ensuring electricity supply into operation in 2022 such as Thai Binh 2 Thermal Power Plant, Song Hau 1 Thermal Power Plant.

Development of important transmission grid projects to release capacity of large power plants coming into operation in 2022 and renewable energy projects. At the same time, in coordination with ministries, The Ministry of Industry and Trade also requires EVN to ensure a safe and stable power supply for 2022; ensure the progress of investment and construction of key power source and grid projects, especially works in service of releasing the generating capacity of renewable energy sources (wind, solar).

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