Vietnam seeks US investment in renewable energy

14/03/2022 15:02:23 - views: 215

Energy is among potential fields for investment cooperation between Vietnamese and US firms, with Prime Minister Pham Minh Chinh announcing that Vietnam gives high priority to sustainable energy development to maintain national energy security and reduce greenhouse gas emissions, according to Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Pham Tan Cong. ​
The Bac Lieu Wind Power Plant has 62 power turbines with a total estimated capacity of 99MW. (Photo: VNA)
 
Energy is among potential fields for investment cooperation between Vietnamese and US firms, with Prime Minister Pham Minh Chinh announcing that Vietnam gives high priority to sustainable energy development to maintain national energy security and reduce greenhouse gas emissions, according to Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Pham Tan Cong. 
 
At a recent Vietnam-US Business Summit in Hanoi, the VCCI leader said following the orientation, the Vietnam Chamber of Commerce and Industry (VCCI) has introduced its Green Index initiative with support from the United States Agency for International Development (USAID), aiming to promote environmental institutional reform and sustainable investment activities.
 
Cong said he believes that Vietnamese and US enterprises have good chances for successful cooperation in liquefied natural gas, and clean and renewable energy in contribution to the countries’ trade growth and energy security.
 
Director of the Ministry of Industry and Trade’s Department of Electricity and Renewable Energy Hoang Tien Dung noted Vietnam has set a target that by 2030, renewable electricity will account for 45 percent of the national power generation capacity, reflecting its orientation towards renewable energy.
 
The implementation of the power source and grid development programme will cost an estimated 14 billion USD, so Vietnam needs the participation of businesses, especially those from the US, in resources and technology sharing.
 
Ken Haig, Head of Energy and Environment Policy for Asia-Pacific & Japan at Amazon Web Services (AWS), suggested to boost investment attraction in the sector, Vietnam needs a long-term strategy.
 
He also expressed his support for increasing the use of solar and offshore wind power and hoped the US’s investment in renewable energy in Vietnam will contribute to the nation’s sustainable development in the time to come.
 
Kris Karafa, Chief Operating Officer at Gen X Energy, said the firm is willing and ready to pour capital into wind power projects, particularly offshore ones. Gen X Energy has partnered with Binh Thuan province in many renewable energy projects.
VietNamPlus

 Gửi ý kiến phản hồi

Họ và tên Email
Tiêu đề Mã xác nhận

News

GS Energy proposed PVN to test 'green ammonia' for replacing coal fuel

Cập nhật 06/08/2022

Recently, in Hanoi, Mr. Hoang Quoc Vuong – PVN Chairman and Mr. Le Manh Hung – PVN General Director...

Innovation

EVN restructures the dependent accounting units

Cập nhật 07/11/2018

The Prime Minister has just directed Electricity of Vietnam (EVN) to restructure, reorganize and...

Investment

Powering 220 kV transformer substation for BIM Wind Power Project

Cập nhật 17/08/2021

Power Engineering Consulting Joint Stock Company 1 (PECC1) informed that at 10:00 am on August 15,...

Business

HCM City completes power supply to COVID-19 treatment hospitals

Cập nhật 16/07/2021

Hoc Mon and Binh Chanh power companies of the Ho Chi Minh City Power Corporation (EVN HCMC) have completed...

Production

EVN puts 96 power transmission projects into use in 10 months

Cập nhật 12/11/2021

The Electricity of Vietnam (EVN) put 96 power transmission projects ranging from 110-500kV into operation...