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ARTICLE · 05 APRIL 2021

Power Development Master Plan 8 – What You Must Know:

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In late March 2021, the very first draft of the Prime Minister's Decision on the Approval of National Power Development Planning VIII ("Draft PM Decision") has been published through unofficial....

VietnamEnergy and Natural Resources
Oliver Massmann
Oliver Massmann
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In late March 2021, the very first draft of the Prime Minister's Decision on the Approval of National Power Development Planning VIII ("Draft PM Decision") has been published through unofficial sources (i.e. not through MOIT's website). This means the final draft PM Decision may be amended and updated, nevertheless this is very likely issued by a contact of MOIT.

The Draft PM Decision states clearly that priority is given to the development of renewable energy sources for electricity production. In particular, the Draft aims to increase the rate of electricity produced from renewable energy sources (not including hydroelectric sources greater than 30 MW, storage hydroelectricity) to about 32% in 2030 and 43% in 2045.

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Disclaimer: This Alert has been prepared and published for informational purposes only and is not offered, nor should be construed, as legal advice. For more information, please see the firm's full disclaimer.

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