Electricity consumption in Vietnam will grow at an average annual rate of 8.4% between 2015 and 2024, according to the latest figures from BMI Research, with the government encouraging investment in coal-fired power plants in order to keep up with demand.
“There are significant opportunities for independent power producers, turbine manufacturers and investors in Vietnam’s thermal power generation sector – particularly the coal segment,” said the research company. “A flurry of private sector activity in the coal sector will be supported by rapid growth in electricity demand and market deregulation, as well as delays to nuclear expansion and insufficient domestic gas supplies.”
Vietnam relied on gas for 44% of its electricity generation last year but this share is likely to drop as the country’s self sufficiency in gas will come to an end this year, unless new discoveries are made.
Written by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/power/15062015/coal-share-of-vietnam-power-mix-to-grow-2416/