Vietnam’s Vinacomin to keep coal output at 40 million tons a year up to 2030, state media reports
A worker shovels coal as he loads a truck at a coal port in Hanoi February 23, 2012. REUTERS/Kham (VIETNAM – Tags: ENERGY BUSINESS COMMODITIES)
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HANOI, Oct 29 : Vietnam’s top miner Vinacomin plans to keep coal output at 40 million metric tons per year through 2030 to meet domestic demand, mostly for power generation, state media reported on Thursday.
• The company will develop 18 mining projects in the northern province of Quang Ninh province to maintain the output, reported Vietnam News Agency
• Vinacomin will also import 10 million to 20 million tons of coal a year to meet demand
• Coal remains a key fuel source for Vietnam’s thermal power plants and broader energy security goals
• “Ensuring an adequate coal supply for thermal power plants plays a core role in maintaining the operation of the power system and safeguarding national energy security,” the company was quoted as saying
• Vinacomin is among the companies in which the state will maintain 100 per cent ownership until at least 2030
Source: Reuters
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