Vietnam allocates VND929,700B for electricity development plan

Vietnam's electricity sector will increase the capacity of power supply in the north, central and southern regions to meet domestic consumer demands.

In the next ten years, the sector will reduce  electricity –GDP elasticity from 2.0 down to 1.5 by 2015 and 1.0 by 2020. The sector will also speed up the electrification programme in rural areas to ensure that almost all households in rural areas will have access to power by 2020.

Furthermore, priority to developing power sources from renewable energy and bring the total capacity for power supply to around 1,160 MW by 2020.

This is according to the Prime Minister Nguyen Tan Dung’s decision on the National Electricity Development Plan in the 2011-2020 period with consideration for 2030.

To fulfill the set targets, total investment capital for the whole electricity sector is expected to reach VND929,700 billion by 2020. In the 2011-2020 period, investment in power sources will amount to VND619,300 billion, or 66.6 percent of total investment capital.