Gas or electric stove which is better

Khanh Hoa province, on the south-central coast, has recently been leading the way in attaining attraction from both domestic and foreign financiers when it comes to the gas and electricity sector. Among the suitors is one from the United States, proposing the Millennium gas power project with a forecast capacity of 14,400MW and 17 million tonnes of storage for liquefied natural gas (LNG) per year. Joining in are Embark United Co., Ltd. and US Quantum Corporation to establish a 6,000MW gas power venture and a port warehouse to receive and process six million tonnes of LNG per year. Japanese investors did also not ignore the opportunity to develop gas power projects in Khanh Hoa, as Sumitomo Corporation proposed to invest in a 3,000MW gas power scheme and a storage system for three million tonnes of LNG per year, while J-Power Co., Ltd. wants to invest in a gas turbine power project with a capacity of 3,000MW. Despite a slightly slower approach, the province is also seeing the presence of more domestic investors, led by Electricity of Vietnam which proposed a 6,000MW gas power project, while Petrolimex wants to build a warehouse for around three million tonnes of LNG per year. Those involved in the gas power sector all understand that developing such a project in Vietnam is a difficult task, as the country is still in the process of building its Power Development Plan 8 (PDP8). Nevertheless, the total installed capacity of power sources by 2030 is supposed to reach 137.2GW, of which gas accounts for 21 per cent. Tran Ky Phuc, director of the Institute of Energy under the Ministry of Industry and Trade (MoIT) – the unit in charge of building the PDP8 – said that electricity demand in this plan is calculated lower than in the revised PDP7, reducing the forecast amount by 3-4 billion kWh in 2020 and 9-10 billion kWh in 2030. Realistic needs The development of gas power sources in Vietnam is the result of the exhaustion of fossil fuels, the …

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The proportion of solar and wind power projects in the entire national electricity system is expected to increase, requiring thorough preparation because of the instability of these power sources, experts have said. The draft of the eighth national power development plan shows majir changes in power source development from now to 2030 compared with the seventh plan. Under the draft, Vietnam will develop wind and solar power on a large scale, with the capacity of wind power increasing by three times and solar power by two times compared with the adjusted seventh plan. Vietnam will only continue the projects under construction or under investment promotion, to be operational in the 2021-2025 period. The coal-fired thermopower proportion will decrease gradually from 34 percent in 2020 to 27 percent by 2030. The Ministry of Investment and Trade wants to strongly develop gas-fired power with capacity increasing from 7GW in 2020 to 13.5GW by 2025 and 28-33GW by 2030 and the proportion of gas-fired power increasing from 15 percent in 2020 to 21-23 percent by 2030. The wind power capacity would rise from 600MW in 2020 to 11,000-12,000MW by 2025 and 18,000-19,000MW by 2030. Wind power would account for 11 percent of total installation capacity by 2025 and 13 percent by 2030. As for solar power, the capacity would increase from 17,000MW in 2020-2025 to 19,000-20,000MW by 2030. The proportion of solar power would be 17 percent of total installation capacity by 2025 and 14 percent by 2030. Wind and solar power would also be strongly developed in 2031-2045, accounting for 42 percent by 2045. However, because of the high uncertainty, the strong development of these power sources will have a major impact on the national electricity system. The ministry believes that as the electricity generation capacity of the sources of power can change rapidly, wind power will cause considerable fluctuations to the electricity system when the wind changes or stops. …

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According to the Happy Planet Index (HPI) as announced by UK-headquartered New Economics Foundation (NEF), the country, which is home to an array of mountains and tropical forests, has a strikingly low Ecological Footprint and economic output per head, almost 24 times smaller than that of Hong Kong (China). Indeed, it is one of just three countries to mark the top 10 of the Happy Planet Index rankings with an Ecological Footprint that is small enough to be considered environmentally sustainable. The report also notes that, “While wellbeing in Vietnam is more modest than in other countries in the top 10 HPI rankings, its average wellbeing score is still higher than Hong Kong’s – despite the Vietnamese economy being significantly smaller and Vietnam’s Ecological Footprint being less than a fifth of the size of Hong Kong’s.” “Vietnam has an impressive average life expectancy. Both Vietnam and the Gambia have similar sized economies with similar levels of GDP per capita, yet on average, people from Vietnam live more than 17 years longer.” Vietnam’s inequality of outcomes rating, which measures inequality in wellbeing and life expectancy scores within the country, is better than that of HPI’s first-placed country Costa Rica - a likely testament to Vietnam’s robust public service provision. School enrolment is among the highest in the world at 98% in 2012, and the number of colleges and universities continues to grow rapidly. Vietnam is on a steep development trajectory. The country has been hailed as a global poster child for poverty reduction - the number of people living in poverty fell from 58% in 1993 to 10.7% in 2010,” the report outlines. Costa Rica tops the overall list with 44.7 points. Making up the rest of the top five are Mexico with 40.7 points, Colombia with 40.7 points, Vanuatu with 40.6 points, followed with the nation fifth on 40.3 points. Other Southeast Asian countries also have high places in the rankings, including the Philippines at 14th, …

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