Vietnam to face power shortage by 2020
Vietnam could face power shortages in the early 2020s. The shortages are likely to happen from 2020 to 2025.
The Electricity of Vietnam said to meet surging demand for power, the country needs 60,000MW of electricity by 2020; 96,500MW of electricity by 2025 and 129,500MW of electricity by 2030.
This means total installed capacity would have to increase by 6,000-7,000MW of electricity per year.
Experts say it is necessary to review electricity producing projects to ensure energy security.
They suggested that special treatment such as loan guarantee be offered to investors so that power projects could be soon built and operated.-VNA