On January 3, 2025, the Prime Minister signed and issued Directive No. 1/CT-TTg on proactive solutions to ensure adequate electricity supply for production, business and people's lives during peak periods in 2025 and the 2026-2030 period.
According to the directive, in the coming time, the socio-economic development target is set much higher than in the past, the national economic growth in 2025 strives to reach over 8% and the economic growth in the period 2026-2030 strives to be at double digits, requiring electricity to grow 1.5 times, with an expected annual average of 12% to over 16% (equivalent to an additional 8,000 - 10,000 MW each year).
This is a huge challenge. If there is no timely and quick solution to develop power sources, especially baseload power sources, green power, clean power, and sustainable power, there will be a potential risk of serious power shortage, especially in the period from 2026 to 2028.
Accordingly, the Prime Minister requested the Minister of Industry and Trade to direct the acceleration of the implementation of key and urgent projects of the electricity sector:
- Direct localities to immediately select investors for power source projects in the Power Plan VIII that do not have investors such as LNG Nghi Son, LNG Quynh Lap, LNG Ca Na... to be completed in the second quarter of 2025; speed up investment progress to complete in the third quarter of 2028 at the latest.
For power source projects expected to be completed and put into operation in 2025 such as: Nam Cum 4 Hydropower Plant, Hoa Binh MR, Nhon Trach 3, Nhon Trach 4, Vung Ang II, Quang Trach I (1,403 MW - Unit 1 connected to the grid on September 2, 2025): The Ministry of Industry and Trade and the People's Committees of the provinces direct and urge investors to speed up the progress of putting the project into operation 3 to 6 months earlier; require investors to have specific progress and operation time commitments, sent to the Ministry of Industry and Trade before January 20, 2025.
For power source projects expected to be completed and put into operation in 2026-2030, including projects under construction such as: Na Duong II, Quang Trach I, An Khanh - Bac Giang, Long Phu I, Hiep Phuoc phase 1 and projects that have selected investors and are preparing Feasibility Study Reports such as: LNG Quang Ninh, LNG Thai Binh, Quang Trach II, Hai Lang phase 1, BOT Son My I, BOT Son My II, Bac Lieu, Long An I, O Mon II, III, IV...: The Ministry of Industry and Trade and the People's Committees of the provinces direct and urge investors to urgently complete procedures to start construction, speed up project progress, commit to specific operation time, strive to complete and put into operation 1-2 years earlier than planned.
Focus on directing the implementation and completion of the investment work of the Ninh Thuan Nuclear Power Plant project within 5 years.
Promote direct electricity trading according to Decree No. 80/2024/ND-CP dated July 3, 2024 of the Government regulating the mechanism of direct electricity trading between renewable energy power generation units and large electricity users.
