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ARTICLE · 07 SEPTEMBER 2021

Draft Power Development Planning 8 Of Vietnam

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The draft PDP8 prioritises renewable energy development and intends to create a more incentivised regulatory framework to boost private-sector investments to connect individual power plants with the national transmission grid.

VietnamEnergy and Natural Resources
Mark Oakley
Mark Oakley
Tim Dobson
Tim Dobson
Hieu Pham
Hieu Pham
Duc Tran
Duc Tran
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The draft PDP8 prioritises renewable energy development and intends to create a more incentivised regulatory framework to boost private-sector investments to connect individual power plants with the national transmission grid. It also lays out significant opportunities for the development of LNG-to-power.

Recently, the Ministry of Industry and Trade of Vietnam (MOIT) released a draft proposal of Vietnam's national power development planning for the period of 2021-2030, with a vision to 2045 (PDP8) to solicit public opinions.

In this legal update we will look at the most important takeaways from the draft PDP8.

1. General

1.1 Renewable Energy

The draft PDP8 shows that the government maintains its view on prioritising renewable energy development. The MOIT plans that total installed capacity of power projects will be 137.67 GW by 2030 (base load scenario), with renewable energy to account for 30%, 21-23% for gas-fired power projects, and 27% for

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