Illustrative image (Source: Internet)The project, part of the Climate and Technology Initiative of Germany, is beingcarried out at a cost of 6.9 million EUR from 2014-2018.
Accordingto General Director of the General Directorateof Energy under theMinistry of Industry and Trade Dang Huy Cuong, Vietnam’s electricity industry hasbeen facing great challenges, including the shortage of energy sources for powergeneration.
Vietnam has actively worked to ensure the national energy security, andimplemented commitments relating to reduction of greenhouse gas emission and environmentalprotection.
At the21st Conference of the Parties (COP) to the United Nations Framework Conventionon Climate Change (UNFCC) in 2015, Vietnam was among 150 countries that committedto cutting down on greenhouse gas emissions towards keeping the globaltemperature below 2 degrees Celsius compared to the pre-industrial level by2100.
The Prime Minister approved several programmes to encourage thedevelopment of new and renewable energy sources, including the Renewable EnergyDevelopment Strategy to 2030, with a vision to 2050, which aims to increase theproduction of wind power to 2.5 billion kWh by 2020, around 16 billion kWh by2030 and 53 billion kWh in 2050.
Experts said that Vietnam boasts great potential for developing wind power asit has a coastline of 3,000 km, and is in a tropical monsoonclimate.
They stressed that legal and market regulations of Vietnam should be fine-tunedto make it easy for investors to expand their operation in the field.
Throughthe funding of the German Government, the GermanSociety for International Cooperation (GIZ) has supported Vietnam in developingrenewable energy projects since 2009, including the “Support to the Up-Scaling of Wind Power” project.
In the framework of this project, the Ministry of Industry and Trade is cooperatingwith GIZ to improve legal regulations as well as the capacity of public organisationssuch as investors, local banks, consulting firms and technical companies.-VNA
VNA
