According to the Ministry of Industry and Trade, Power Development Plan No. 8 has been developed on the orientation stated in Resolution No. 55-ND/TW dated 11 February 2020 of the Politburo, based on three core points of view. Firstly, power development is one step ahead in order to deliver sufficient electricity to meet the electricity requirement of socio-economic development and people's daily life. Second, synchronous development of power plants and power grids; balanced investment in power development among regions on the basis of rationally and efficiently using primary energy resources of each region; no further development of inter-regional power transmission lines in the 2021 - 2030 period; minimizing the construction of new inter-regional power transmission lines in the period 2031 -2045. Third, consider further development of hydropower, renewable energy and new energy (wind power, solar power, biomass power, waste energy, etc.) with an appropriate scale. Considering a roadmap to reduce coal-fired thermal power, reasonably developing LNG power plants. Enhancing electricity imports in compliance with the pledged memorandums of understanding.
According to Power Development Plan No. 8, the maximum capacity will reach about 59,389 - 61,357MW by 2025; around 86,493 - 93,343MW by 2030; about 113,952 - 128,791MW by 2035; about 135,596 - 162,904MW in 2040 and about 153,271 - 189,917MW in 2045 .
Regarding power sales: it will reach about 335.0 - 346.6 billion kWh by 2025; around 491.2 - 530.4 billion kWh by 2030; about 651.3 - 736.9 billion kWh by 2035; about 779.7 - 938.3 billion kWh by 2040 and about 886.9 - 1,101.1 billion kWh by 2045.
Regarding power production and import: it will reach about 378.3 - 391.4 billion kWh by 2025; around 551.3 - 595.4 billion kWh by 2030; about 727.0 - 822.5 billion kWh by 2035; about 864.9 - 1,040.8 billion kWh by 2040 and about 977 - 1,231.1 billion kWh by 2045.
The elastic coefficient of power sales/GDP will reach about 1.31 - 1.34 times in the period of 2021 - 2025; 1.24 - 1.25 times in the period 2026 - 2030; 0.97 - 1.03 times in the period 2031 - 2035; 0.64 - 0.82 times in the period 2036 - 2040 and down to 0.47 - 0.54 times in the period 2041 - 2045.
Regarding power plant development, by 2025, the total capacity of power plants will be about 102,590 - 105,265MW, including 25,323MW of hydropower (accounting for 24.1 - 24.7%); 29,679MW of coal-fired power (28.2 - 28.9%); 14,117MW of gas fired power (including LNG) (13.4-13.7%); 29,618 - 31.418MW of renewable energy sources other than hydropower (wind power, solar power, biomass power, etc.) (accounting for 28.9 - 29.8%); and 3,853 - 4,728MW of electricity import (3.7 - 4.5%).
In 2030, the total capacity of power plants will be about 130,371 - 143,839MW, including 26,684 - 27,898MW of hydropower and pumped storage hydropower, accounting for 19.4 - 20.5%; 40,899MW of coal-fired power plants (28.4-31.4%); 27,471 - 32,271MW of gas fired power (including LNG) (21.1 - 22.4%); 31,380 - 37,030MW of renewable energy sources other than hydropower (wind power, solar power, biomass power, etc.), accounting for 24.3 - 25.7%; 3,936 - 5.74MW of electricity import (3 - 4%).
In 2045, the total capacity of power plants will be about 261,951 - 329,610MW, including: 35,677 - 41,477MW of hydropower and pumped storage hydropower, accounting for 12.6 - 13.6%; 50,949MW of coal-fired power plants (15.4 - 19.4%); 61,683 - 88,533MW of gas fired power (including LNG) (23.5 - 26.9%); 104,900 - 137,610MW of renewable energy sources other than hydropower (wind power, solar power, biomass power, etc.), accounting for 40.1 - 41.7%; and 8,743 - 11,042MW of electricity import (3.3%).
Power Development Plan No. 8 aims to ensure adequate power supply to the country, meeting socio-economic development goals of the whole country with an average GDP growth rate of about 6.6%/year in the period 2021 - 2030 and about 5.7%/year in the period 2031 - 2045.