(Market) – Energy experts support the development of electrification, when coal-fired thermal power is no longer a preferred development trend and needs replacing.
The Prime Minister has just agreed in principle to assign Gazprom EP Internatiional B.V (a subsidiary of Gazprom Group – Russian Federation) to be the investor. Quang Tri mixed gas turbine power plant project with a capacity of 340 MW, used from Bao Vang mine as proposed by the Ministry of Industry and Trade and opinions of the Ministry of Planning and Investment.
Welcoming the electrification project in Quang Tri, energy expert Ngo Duc Lam (Vietnam Sustainable Energy Alliance) is relieved when the project is owned by Gazprom Group (Russia).
At the same time, he affirmed that the policy of using gas and liquefied gas is important and should be done for the following reasons:
Firstly, according to the Electricity Plan VII adjusted, by 2030, coal-fired thermal power still accounts for more than 50% of Vietnam’s electricity output. However, according to the Electricity of Vietnam (EVN), the target is very difficult to achieve because many factories are slowing or delaying progress, potentially not completed.
Secondly, there are 15 BOT projects, of which 12 projects are behind schedule or unable to determine the progress due to difficulties in negotiations.
So, in the next 10 years, the ability to implement these projects is not sure, there is a risk of power shortage.
Thirdly, capital for coal thermal power is also a concern. Currently, countries or financial institutions (such as the World Bank and ADB), when lending money to make coal-fired thermal power, often have technical constraints and this is a barrier to making loans difficult.
Gazprom will be the investor of an electrification project in Quang Tri
Fourth, coal resources used for coal-fired thermal power plants face many difficulties, when from now on, imported coal sources are the main fuel source for factories. The long-term contract to import coal is not yet clear, some factories only import short-term in about 5-10 years, while the life of a coal-fired thermal power project is about 20-30 years. The price of coal is expected to fluctuate in the international market and tend to increase, so electricity prices will also increase.
Fifth, Vietnam and more than 170 countries signed the Paris Agreement on climate change, which committed to reduce the rate of CO2 and greenhouse gas emissions. That means Vietnam has to reduce coal-fired power and find other sources to replace.
That is not to mention the problem of coal thermal power causing environmental pollution. So far, many localities, especially in the South, do not want to build coal-fired power plants. This is also the reason for the site clearance to build a coal-fired thermal power plant which is prolonged and promoted to find alternative sources of electricity.
While coal-fired thermal power is no longer a preferred development trend, one of the alternative sources is renewable energy (wind power, solar power).
Affirming that this is a good trend, Dr. Ngo Duc Lam said that developing wind power and solar power is not simple. The time to build wind and solar power plants is very short, foreign investors are also very interested and registered to invest in this field in Vietnam, but when implemented again there are difficulties.
Specifically, most wind and solar power plants are far away from the mainland, or if the land is located in the coastal area, the construction of the pipeline to transfer electricity into the mainland is not easy.
“We have the ability to do wind power, solar power, but to operate stably, reliably for the electrical system, not causing incidents, it is necessary to have time to test. The sun today is done in a way that has both built, tested and followed, until it is stable, more developed, “said energy expert Ngo Duc Lam.
From the above analysis, the expert asserted that gas and liquid gas were the better option. Electricity and liquefied petroleum gas have many advantages: building plants faster, less land-consuming, not much pollution, the supply of gas and liquefied gas is getting richer, although the price may be higher.
For projects using gas resources in Vietnamese waters, including an electricity project in Quang Tri invested by Gazprom, Dr. Ngo Duc Lam said that every country that invests must build a rig to air up, through the pipeline to the shore. In the shore, we also have to find capital to build a gas transfer plant.
The transport of gas can be carried out through pipes or pressed, but no matter how it works, transporting gas and liquefied gas is much more convenient than transporting coal.
“This, many southern factories have experienced. Even if you have to import gas and liquefied gas, it is very convenient because there are specialized trains. Now the thing to do is to be efficient. to what extent it is, “said Lam.