He made the statement at a conference on the debut of Vietnam Energy Partnership Group with the attendance of the EU’s delegation in Hanoi yesterday.
Minister Tran Tuan Anh said that Vietnam’s energy demand quickly increased approximating 11.5 percent a year in the phase of 2001-2010 to meet industrialization, modernization and socioeconomic development demand.
The number slightly reduced during the phase of 2011-2013 but has increased back since early 2014 till now.
Vietnam’s electricity consumption grew 13 percent a year on average in the phase of 2006-2010 and 11 percent from 2011-2016.
According to Vietnam’s national energy development strategy, by 2020 the country will reach 100-110 million tons of oil equivalent (TOE) of primary energy supply and about 310-320 million TOE by 2050.
The adjusted national electricity development plan in the phase of 2011-2020 sets a target of meeting domestic electricity demand. Gross domestic product growth rate will approximate 7 percent a year in the phase of 2016-2030.
Electricity plants’ capacity in the country is expected to total 60,000MW by 2020 and 129,500MW by 2030.