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Vietnam's EVN pledges more investments in clean energy

The Electricity of Vietnam (EVN) has planned to make more investments in clean energy to address the growing demand for power in national development.

For this, EVN has submitted a proposal on mechanisms to encourage the development of renewable energy to the government. It has stressed on the development of wind and solar power along with storage systems.

According to EVN, it expects to put into operation around 5,500 MW of electricity from renewables. It includes 4,000 MW from wind power and 1500 MW from solar power by 2025.

Furthermore, the local reports mentioned that EVN has also urged the government to allow developing offshore wind power in the northern region of the country. The northern region accounts for nearly 50 percent of the national power demand.

EVN is able to supply sufficient power for the central and southern regions, however, there might be some shortage at points in the northern region, according to the power development plan.

Thus, the proposal comes with an objective to increase electricity supply for the region and ensure national power security, a local report mentioned.

As per EVN, it plans to work along with the government’s policy on encouraging the development of renewables and Vietnam's commitment of COP26. For this, EVN is pushing ahead cooperation with foreign partners.