U.S. launches program to accelerate VN’s energy security
17:44 | 28/10/2020

VGP - The United States Agency for International Development (USAID) Viet Nam Mission Director Ann Marie Yastishock on October 28 announced the launch of the Viet Nam Low Emission Energy Program II (V-LEEP II).

This five-year, US$36 million program will accelerate Viet Nam’s transition to a clean, secure, and market-driven energy system.

For the past four years, the USAID Viet Nam Low Emission Energy Program has worked with the Government of Viet Nam to develop a Direct Power Purchase Agreement pilot program which will allow businesses to purchase clean power directly from solar and wind generators.

It has also supported the Ministry of Industry and Trade to develop Viet Nam’s Power Development Plan, which is expected to incorporate advanced energy solutions, more diversified sources of renewable energy, and a higher grid penetration to deliver this clean energy.

In addition, it has worked with government regulators, banks, investors, and private sector developers to facilitate solar investments, resulting in solar energy now making up more than 10% of the country’s total generation capacity.

“As the program comes to a close early next year, USAID/Viet Nam remains committed to strengthening partnerships and developing innovative solutions for a clean, affordable energy future for Viet Nam, by continuing our support through the program,” said Mission Director Yastishock.

The program will focus on improving government energy planning practices; increasing competition and private sector involvement in energy service provision; deployment of advanced, clean energy systems; and improving grid planning to incorporate clean energy transmission.

It will also help Viet Nam attract qualified investors for advanced energy projects and advise private firms to develop high quality and bankable projects.

By Thuy Dung

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