Energy Capital Vietnam Applauds Vietnamese Government for Approval of Power Development Plan VIII (PDP8)

Avatar photo
Business Intelligence

The approval of PDP8 is a significant step towards greater energy security and reliability and the achievement of Vietnam’s net-zero 2050 goals

HOUSTON, May 23, 2023 /PRNewswire/ — Energy Capital Vietnam (ECV), a project development and holding company established as a platform for direct investment into energy and infrastructure within Vietnam, applauds the approval of PDP8 by the Vietnamese government led by Prime Minister Pham Minh Chinh.

PDP8, developed by the Ministry of Industry and Trade (MOIT), will more than double Vietnam’s power generation capacity to 150 GW by 2030 from the 69 GW in use in 2020. Gas is poised to become Vietnam’s primary power source by 2030, supplemented by renewable energy, offering reduced emissions and improved environmental impact over coal. This puts Vietnam’s declared goals for net-zero carbon by 2050 within reach.

“We are delighted that Prime Minister Chinh has approved PDP8,” said David Lewis, Chairman and CEO of Energy Capital Vietnam. “PDP8 is designed to ensure energy security and reliability during a period of rapid economic growth for Vietnam. It supports the development of cleaner power generation while equipping the Government with new legal tools to manage their licensing process better, improving accountability through market feedback, including the private sector. This plan opens the door for foreign investment. It reflects the government’s thoughtful deliberation and analysis on how best to allocate their scarce resources towards areas and efforts that yield the highest impact. We applaud the dedication and hard work across the Government, including MOIT and its numerous departments.”

ECV is developing large, integrated multi-phase LNG power projects to support Vietnam’s energy transition. Additionally, in consultation with the Vietnamese government, ECV is developing a comprehensive, replicable, and socially impactful pathway for reducing the LNG power emissions ‘wedge’ through simultaneous investment into a portfolio of domestic, high-quality carbon assets. This will significantly reduce net emissions from gas-fired electricity on a trajectory towards net-zero.

“We look forward to continued collaboration alongside the Government and our financing partners, including Maius GmbH, to establish a framework for a bankable LNG power purchase agreement (PPA) in Vietnam that reduces risk to meet both the needs of the private sector and the Vietnamese Government,” said Lewis. “ECV is dedicated to providing Vietnam with practical, high-quality solutions to major infrastructure investment.”

About ECV:
Energy Capital Vietnam (ECV) is a Houston, Texas-based project development and holding company established as a platform for direct investment into Vietnam’s energy and infrastructure sectors.

Contact:

Frank De Maria
[email protected]
+1 347 647 0284

Elie Jacobs
[email protected]
+1 646 330 2585

Logo – https://mma.prnewswire.com/media/1230673/ECV_Logo.jpg 

View original content:https://www.prnewswire.com/apac/news-releases/energy-capital-vietnam-applauds-vietnamese-government-for-approval-of-power-development-plan-viii-pdp8-301831120.html

SOURCE Energy Capital Vietnam

相關文章

澳門大學預測2024年澳門GDP增長16.8%

澳門大學發表2024年澳門宏觀經濟修訂預測,預計澳門今年地區生產總值增長16.8%,恢復至2019年水平的94.5%。

澳門2月新批核住宅按揭及商用物業貸款均下跌

澳門金融管理局4月11日發佈的統計數據顯示,2024年2月新批核的住宅按揭貸款按月下跌 42.5%至 6.9 億澳門元。

第十二屆旅博會將於4月26日揭幕

第十二屆澳門國際旅遊(產業)博覽會將於4月26日至28日舉行,今屆旅博會以“相匯旅博 相聚商機”為口號,招聚海內外旅遊及相關業者來澳參與。截至目前,參展商有超過600家,買家約500位,展位超過1,300個。

探索線上演唱會動態

澳門旅遊學院研究人員探討消費者決定“參與”線上演唱會的動機,並為優化此類活動提供了指引。 

澳門總體失業率維持2.2%,本地居民失業率為2.8%

澳門統計暨普查局資料顯示,2023年12月至2024年2月期間,澳門總體失業率為2.2%,本地居民失業率為2.8%。

澳門2月綜合物價按年升1.46%

統計暨普查局表示部份升幅是由於今年農曆新年在2月,而去年則在1月,物價在農曆新年期間普遍較高所引致。