Swiss to support green energy drive

13/05/2011 14:09:11 - views: 3,801

Switzerland will provide Viet Nam with non-refundable aid worth US$2.43 million to help implement the Renewable Energy Development Project (REDP).

Workers check panels at the 100kW solar power station that provides electricity to 700 ethnic people in Trang Commune in the Central Highlands province of Gia Lai. — VNA/VNS Photo Sy Huynh

The bilateral agreement was signed yesterday in Ha Noi by Deputy Minister of Industry and Trade Hoang Quoc Vuong and Ambassador Beatrice Maser Mallor – Head of Economic Cooperation and Development under the Swiss State Secretariat for Economic Affairs (SECO).

At the signing ceremony, the Swiss Ambassador spoke highly of Viet Nam's efforts to develop renewable energy sources and expressed her hope that the aid will push Vietnamese enterprises to take full advantage of investment opportunities in renewable energy sources, such as wind power, solar power and/or biomass.

Deputy Minister Vuong expressed his belief that the project will help the country expand its socio-economic development. REDP, which is funded by the World Bank, will be implemented in three phases, including investing in renewable energy projects, setting up development policy initatives, and developing renewable energy projects for the future.

Source: Vietnam News Agency

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