Vietnam Urges Coal Miners to Boost Output Ahead of Soaring Summer Power Demand

Vietnam's government has called on coal mining companies to maximize production in the coming months to meet the country's rapidly increasing electricity needs during the hot summer season. Prime Minister Pham Minh Chinh has specifically asked coal firms to ramp up their exploration capacity to avoid a repeat of last year's power shortages.

The Ministry of Industry and Trade reported a strong recovery in the Vietnamese economy in the first quarter of 2024, leading to a significant surge in power consumption. Several power corporations have seen double-digit growth in electricity demand, with the Central Power Corporation and Southern Power Corporation experiencing increases of 11% and 13.02%, respectively. "Many provinces and cities have witnessed a sharp rise in electricity supplied to industry and service businesses," the ministry stated.

To address the soaring power needs, the ministry has adjusted the electricity supply plan for 2024, particularly focusing on the peak months of the dry season from April to July. The total electricity produced and imported nationwide during this period is anticipated to increase by 2.427 billion kWh, with the total approved power being 4.341 billion kWh higher than the previous plan.

Why this matters: Vietnam's urgent call for increased coal production highlights the challenges faced by rapidly developing economies in meeting their growing energy demands while balancing environmental concerns. As the country confronts potential power shortages, it underscores the need for sustainable energy solutions and efficient power management strategies.

Energy experts have cautioned that even with the increased mobilization of resources, there may still be insufficient supply to meet the growing demand in the North, especially during the dry season. They have emphasized the necessity for additional measures, such as the timely completion of the 500 kV circuit 3 line and an increase in gas power supply. The Ministry of Industry and Trade has directed all relevant units to work closely with thermal power plant investors to ensure an adequate fuel supply and uninterrupted production to avoid any disruptions in the country's energy supply.

Key Takeaways

• Vietnam calls on coal miners to maximize production to meet rising electricity demand.
• Power consumption surged 11-13% in Q1 2024 due to economic recovery.
• Electricity supply plan adjusted to increase production by 2.427 billion kWh during peak season.
• Experts warn of potential power shortages, emphasize need for sustainable energy solutions.
• Ministry directs units to ensure adequate fuel supply and uninterrupted power production.