Page 13 - AsiaElec Week 11

AsiaElec
NEWS IN BRIEF
AsiaElec
VII). It will be reduced by 8,760MW (to 11,240MW) in 2025 and by 6,340MW (to 49,00MW) in 2030.
Meanwhile, the total capacity of solar power is expected to grow to 14,450MW in 2025 and 20,050MW in 2030, according to the steering committee.
The total capacity of wind power is estimated to increase to 6,030MW in 2025 and 10,090MW in 2030.
The total electricity output of wind and solar power plants will reach 12 billion kWh in 2020, three times higher than the capacity in the Renewable Energy Development Strategy.
The total output of wind and solar will reach 36 billion kWh by 2025 and 55 billion kWh 2030, an increase of 2.6 times and 4 billion kWh, respectively, compared to the Renewable Energy Development Strategy.
By 2030, the capacity of new power plants using liquefied natural gas (LNG) will be 12,750MW, excluding old power plants converted to use LNG. Of which, 6,000MW are under the PDP VII, including power plants: Nhan Trch 3 and 4 (capacity of 1,500MW) and Sn MA 1 and 2 (4,500MW).
The steering committee said besides
LNG power plant development in the south, Vietnam would need power plants using LNG in the north and the centre to replace Hi Phòng 3 and Vng Ang 3 coal-fired thermal power plants.
In addition, power plants in the Phú M?, Bà Ra and Hip Phc power centres would gradually switch to using LNG from 2021 due to the exhausted natural gas in the southeast region. Those power plants would have a total capacity of 4,200MW in 2030.
The steering committee also said Vietnam would import 2,500MW and 2,400MW of electricity from Laos in the 2021-25 period and in the 2026-30 period, respectively.
SOLAR
Jingneng Power to invest
$3.3bn in solar hybrid and
hydrogen
China’s Jingneng Power Co. is to invest CNY23bn ($3.3bn) in a hybrid 5GW wind & solar power generation project.
The venture will also include hydrogen production and energy storage, Bloomberg reported.
The project in Inner Mongolia will begin construction in 2020 and is expected to open in 2021 state media said.
Upon completion, the plant will be able to produce 400,000 to 500,000 tonnes per year of hydrogen.
The project will use electricity generated from solar panels and wind turbine to electrolyse water into hydrogen, allowing it to be called green hydrogen,
China is testing out integrated projects that combine intermittent renewable power with storage as a means to improve efficiency and boost clean energy consumption.
Several projects have been planned in Inner Mongolia, including a $2 billion facility proposed last month by state-owned GD Power Development Co.
Joules Power installs
3.1MW rooftop solar in
Bangladesh
Bangladesh’s Joules Power Limited is to install the country’s largest industrial solar rooftop, a 3.1MW system in the Narayanganj district near Dhaka.
The 33,000m2 array will cover multiple
buildings owned by textile company Robintex Group, which will buy the electricity generated by the system from Joules Power under a 20-year rooftop leasing arrangement.
Robintex is expected to procure around a third of its power needs from the $1.7mn solar rooftop, for $0.077/ per kWh. The system
will be grid connected and eligible for net metering for excess power exported to the grid. India’s Mahindra Susten will undertake its first PV project in Bangladesh by providing engineering, procurement and construction services on the project.
We are extremely proud to be engaged with Robintex towards their endeavors for sustainable production, which will enhance the made-in-Bangladesh brand and also take the country forward in achieving its sustainable development goals,” said Joules Power MD Nuher L Khan.
EMISSIONS
Coronavirus pushes EU carbon permits down
The European Union carbon permit price fell to its lowest since late 2018 on March 18 as the spreading coronavirus was expected to shrink emissions from industry and aviation, Reuters reported.
The rapid spread of the virus across
the world has hobbled manufacturers and battered airlines. National leaders in the EU agreed on March 17 to close the external borders of most European countries for 30 days.
The EU 2020 carbon price CFI2Zc1
was trading 10.7% lower from the previous settlement at EUR16.35 a tonne at 1022 GMT, the lowest since November 2018.
In a sign of dropping demand, European energy bourse EEX cancelled an auction
of 3.1 million European carbon permits on March 17 because the total volume of bids was insufficient.
Some traders feared a UK auction of 5.7 million permits on march 18 morning might fail but it settled at EUR16.11 per tonne. That was lower than other recent auction results over EUR20.
“Although the auction cleared it (the price) was low. We are in the midst of a sell-off,” a trader said.
The EU’s output of greenhouse gases is regulated by the Emissions Trading System (ETS), the bloc’s flagship policy to tackle global warming by charging for the right to emit carbon dioxide.
Week 11 18•March•2020
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