Vietnam expects to add 9,600 MW of power from biomass by 2030. (Photo: VNA)Hanoi (VNA) – Vietnam expects to add 9,600 MW of power from biomass by 2030, but that will need added incentives. Pham Huong Giang, an official of the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade, pointed out the low rate of biomass power contributions to the national power grid. Huge investment capital and unattractive price mechanisms have also remained major obstacles, he said. According to the National Power Development Plan for the 2021 - 2030 period, with a vision towards 2045 (PDP VIII), the installed capacity of biomass power in Vietnam will reach 1,730MW by 2030.

Source: Viet Nam News May 07, 2022 03:27 UTC