Vietnam aims to reduce power losses to under 6.5% by 2025

Tuesday, 2019-03-19 10:51:24
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The rate of power losses is expected to drop to less than 6% by 2030. (Photo: VGP)
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NDO - Vietnam has set a target to bring down power losses to less than 6.5% by 2025 under a recently adopted national programme on economical and efficient use of energy for the 2019-2030 period.

The rate of power losses will be lowered to under 6% by 2030.

The government also aims to reach the energy saving rates of 5-7% by 2025 and 8-10% in the following five years.

Specifically, average power consumption will be reduced by 3-10% for steel manufacturing, at least 7% for the chemical industries, 18-22.46% for plastics production and at least 7.5% for cement production.

The beverage and paper industries will have their power consumption lowered by 3-6.88% and 8-15.8%, respectively.

The goal of the programme is to form a habit of using energy efficiently in all social and economic activities, especially in energy-intensive industries, so as to work towards green and sustainable development.

Under the action plan, Vietnam will build a national energy centre, two national training centres on energy use efficiency and a model city on efficient energy use.

The plan is estimated to cost more than VND4.4 trillion (US$189.2 million), of which VND1.6 trillion (US$68.8 million) will come from bilateral and multilateral assistance programmes.