Friday, January 1, 2010

Vietnam expects to start importing thermal coal as early as 2012

Vietnam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands, VietNamNews has reported. The Vietnam Coal & Mineral Industries Group said that it would be able to supply enough coal for the nation's electricity needs until 2011 but would need to start importing it in 2012.

According to a report by Ministry of Industry & Trade, the need to import parallels the country's demand for electricity, which is expected to increase by 17% to 20% a year. The report stated the demand for coal for power production is estimated to hit 32.5 Mt in 2013 and 44 Mt in 2015.

Dr Pham Khanh Toan director of the Institute of Energy of Viet Nam said that due to the country's rising reliance on thermal power generation and the Government's increasing power generation targets, much more coal than is currently being produced domestically would be needed.

Vinacomin estimated that the volume of imported coal would be around 10 Mt in 2012. It will be increasing year by year and reach about 28 Mt in 2015 and 66 million tonnes in 2020. The majority of imported coal would be for thermal power plants.

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