Regarding the issuance of the long-awaited Power Development
Plan VIII (PDP8), on 25 April 2023, the Ministry of Industry and
Trade of Vietnam (MOIT) delivered a Brief Report on the review of
the PDP8 with some proposal to the Permanent Government (Report).
The notable points of the Report are as follows:
Renewable energy sources
Firstly, the Report presents the maximization of hydropower, the
cheapest source of electricity, to a capacity of about 40,000 MW on
the basis of environmental protection. On a separate note,
according to the Report, the storage power resource will be
developed with the goal of having storage hydroelectric power
plants with a capacity of roughly 2,400 MW and having storage
batteries be distributed with a capacity of 300MW, when the cost is
affordable, all by 2030. Forwarding to 2050, the storage power
capacity will reach between 30,650 and 51,850 MW.
