Finance Newsletter - Power Development Plan VIII

PDP 8 represents Vietnam’s clearest commitment towards decarbonization since it announced its net zero ambitions at the COP26 Summit in October 2021. This development promises to present new opportunities for investments in the country’s energy sector, particularly for green projects. The immediate takeaways of PDP 8 are presented below:

• Significant expansion of power output capacity (6.16x to 7.51x) planned for 2050.
• Major shift in energy sources toward renewables and completely eliminating coal thermal power. No limit on capacity for self-consumption for (including rooftop solar) and renewable energy used to generate new energy.
• Big capital spending budgeted to develop power sources and power grids to minimize curtailment issues.

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Contact

Laurent Nguyen -  Partner, Financial advisory

Email: laurent.nguyen@mazars.vn