Why does Vinacomin want to open the Red River Delta coal basin at this moment?
According to Vinacomin, Vietnam’s requirement for coal will hit 94 million tonnes by 2015. Coal-fuelled power plants alone will use up to 67 million tonnes of coal while the total coal output will be around 60 million tonnes only. By 2020, the country’s need for coal will reach 184 million tonnes, with 150 tonnes for power plants, while the total output of coal will be 70 million tonnes. In 2020, the demand for coal will rocket to 308 million tonnes, with around 268 million tonnes for power plants. Vietnam will have to import coal. According to Vinacomin, Vietnam has to think about purchasing coal right now. However, its negotiations with coal exporters have not been successful because sellers have offered coal at high prices. The group suggested boosting the exploitation of coal at home, especially of coal mines which have not been exploited yet, for example in the Red River Delta. Vinacomin said that the Red River Delta contains a huge quantity of coal which could help the country ba
