National Power Development Master Plan for 2021 – 2030 period put into reality
Deputy Prime Minister Tran Hong Ha signed Decision 338/QD-TTg, dated April 24, approving a plan to implement the National Power Development Master Plan for the period of 2021 – 2030, with a vision to 2050 (Master Plan VIII).
The plan aims to ensure effective implementation of the National Energy Master Plan, figures out list of specific projects, and identify resources and coordination mechanisms for the implementation process. The energy sector includes five subsectors: oil and gas, coal, power, new and renewable energy, according to the plan.
Regarding equitable energy transition, the master plan sets a target for the share of renewable energy in the total primary energy to be 15-20 percent by 2030 and about 80-85 percent by 2050. It also aims to achieve energy savings of about 8-10 percent by 2030 and about 15-20 percent by 2050 compared to the normal development scenario.
