Vietnam has finally released its updated Power Development Plan VII. The Plan continues to place a firm emphasis on coal, as the cheapest way to meet Vietnam's urgent power requirements. However, the plan also anticipates a growing role for renewables. Wood Mackenzie is more cautious about capacity growth than the PDP VII. Still we forecast that gas and coal capacity will double and triple respectively by 2030. Crucially the plan is more positive about the role and need for foreign investment. This recognises the power crunch facing Vietnam and the extreme financial constraints that PVN and EVN are operating under. However the investment climate in Vietnam will need to improve significantly to facilitate this investment. In this report, we introduce a new section covering the renewable and environmental policies in the country and status of renewable growth along with future prospects.
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Vietnam power and renewable markets long-term outlook 2016 PDF - 961.31 KB 33 Pages, 3 Tables, 44 Figures
Vietnam Power Data.xls XLS - 1.09 MB
The power sector is rapidly transitioning to a cleaner generation mix supported by technological and regulatory changes. Regional markets and structures are adjusting to these new realities with implications on fuel demand, commodity pricing and asset values.
This Power Markets Long Term Outlook report provides a detailed analysis of supply, demand and price fundamentals, as well as the regulatory and market issues affecting regional power markets.
Use this report to examine key issues driving regulatory and economic trends and identify future growth opportunities in regional power markets.
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Vietnam power and renewable markets long-term outlook 2016
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