Electricity supply set for nearly 6% increase in 2023
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Electricity supply, made up of both domestic production and imports, is set to increase by 5.96% from last year to 284.5 billion kilowatt-hours in 2023.
The Ministry of Industry and Trade ordered the country’s main coal producers, Vinacomin and Dong Bac Corp, to ensure adequate supply for power production this year.
Last year Vinacomin supplied 97% of the volume it had promised and Dong Bac, 82%.
Monopoly state utility Vietnam Electricity reported a loss of over VND31 trillion last year, and attributed it to surging expenses.
The government allows EVN to raise electricity prices by up to 5% annually but has to seek Ministry of Industry and Trade approval if it wants to increase them 5-10%. Cabinet approval is needed for anything higher.
The country’s installed capacity is nearly 77,800 megawatts now, up 1.83% from 2021, with renewables accounting for 26.4%.
Questions & Answers
Q.What is the total planned electricity supply for 2023?
What is the total planned electricity supply for 2023?
The total planned electricity supply for 2023 is 284.5 billion kilowatt-hours. This represents a nearly 6% increase from the previous year, combining both domestic production and imports for the country.
Q.Which entities are responsible for ensuring sufficient coal for power generation?
Which entities are responsible for ensuring sufficient coal for power generation?
The Ministry of Industry and Trade has ordered the country’s main coal producers, Vinacomin and Dong Bac Corp, to ensure an adequate supply for power production this year. They are key suppliers for the electricity sector.
Q.How much of their promised coal volume did the main producers supply last year?
How much of their promised coal volume did the main producers supply last year?
Last year, Vinacomin supplied 97% of the coal volume it had promised. Dong Bac Corp supplied 82% of its agreed volume. These figures highlight their performance in meeting previous commitments.
Q.What is the current installed electricity capacity of the country?
What is the current installed electricity capacity of the country?
The country's installed electricity capacity is nearly 77,800 megawatts. This figure marks a 1.83% increase from 2021, with renewable sources contributing 26.4% of the total capacity.
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