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Vietnam aims to double the total installed power generation capacity to 146,000 MWs by 2030. The country also wants to reduce its dependency on coal and wants to focus on power generation from renewable sources.
Vietnam is drafting its power development plan which will be submitted next month to the prime minister. The coal-fired power plants will be restricted and will be open for other fuel sources including ammonia and hydrogen.
Vietnam plans to become carbon neutral by 2050. The country is the largest power generator in the South East Asia region. At the end of 2021, it had a total installed power generation capacity of 76,620 MW.
In total, wind and solar accounted for 27% of the total installed capacity. The country is facing tight coal supplies and it has asked its citizens to focus on saving energy.