HANOI, VIETNAM-- The Vietnam government announced that the country will need to invest up to $133.3 billion in new power plants and transmission networks over the next decade to meet the country's rising demand.
Vietnam's power generation capacity is around 56 GW, the investment is expected to boost it to 138 GW by 2030.
The country's demand for electricity is forecast to annually rise 8.6% during the 2021-2025 period, and 7.2% in the 2026-2030 period, reports Reuters.
The Ministry of Industry and Trade is drafting a new master power development plan that it will submit to the government for approval next month.
