Vietnam needs $8bn-$14bn power investment a year through 2030Power-generating windmill turbines are pictured at a wind park in Bac Lieu province, Vietnam, on July 8, 2017. Of the amount, 75% would be spent on new power plants, with priority given to renewable sources, and 25% on grid expansion, the deputy minister said in a statement. He said the country will seek to raise funds from private investors for the new power projects, without elaborating. Vietnam, a regional manufacturing hub, needs to increase its installed power generation capacity by around 10% a year to support its fast-growing economy and population. "Vietnam will not add new coal-fired power plants to its master power development plan, and will only continue coal projects that are under construction until 2030," An said.
