Hanoi (VNA) – The total investment capital demand for the wholeenergy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46million USD), according to a plan to implement the National Power Planning inthe 2021-2030 period with a vision to 2050.

Under the plan, which has been approved in a decision signedby Deputy Prime Minister Tran Hong Ha, the capital for energy projects will comefrom other sources than public investment capital.

The demand for land area serving the development of facilitiesand infrastructure in the energy industry is about 93,540 – 97,240 hectares inthe 2021 - 2030 period and about 171,410 – 196,760 hectares in the 2031 - 2050 period,along with a sea surface area for offshore projects at about 334,800 hectares in2030, and about 1.3-1.7 million hectares in 2050, it said.

The National Power Planning in the 2021-2030 period with avision to 2050 covers areas of oil and gas, coal, electricity, new andrenewable energy with tasks ranging from basic investigation, exploration,exploitation, production, storage, distribution to use and other relatedactivities.

Particularly, the planning aims to strongly develop offshorewind power in combination with other types of renewable energy (solar power,onshore wind power) to produce new energy (hydrogen, green ammonia) servingdomestic demands and exports.

Renewable energy sources that produce new energy to servedomestic and export needs are prioritised and allowed for unlimiteddevelopment on the basis of ensuring national defence, security, energysecurity and bringing high economic efficiency, becoming a new economic sectorof the country.

The decision also details a list of projects and specificschedules for major and prioritised projects in the energy industry,along with a list of important and potential projects in the field.

In the decision, Deputy PM Ha also assigned tasks to particular ministries andsectors./.