Vietnam's national power utility Electricity of Vietnam (EVN) plans to import 5 Mt of coal from Indonesia in 2017, 11 Mt in 2020 and 19 Mt by 2025. These volumes will be used mostly for power generation, in particular for the Duyen Hai 3 coal-fired power plant, the first one which will use imported coal. In the future, the demand will be driven by the Vinh Tan, Duyen Hai 3 and 4 power plant expansion projects.
EVN will be the main user of foreign imported coal but other thermal power plants and companies such as Petrovietnam (PVN) and Vinacomin are also expected to use imported coal from Indonesia.
This announcement fits in the framework of the “Vietnam Coal Industry Development Planning to 2020 and project till 2030”, which foresees the domestic coal demand for domestic production to reach about 75 Mt in 2020. The domestic production is expected to meet only about 50% of the demand, which means that imported coal volumes are expected to increase. The main foreign providers are currently Australia, Russia and Indonesia.
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