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VietNamNews

PM greenlights plan to grow wind power sector

Update: September, 10/2014 - 08:33
Turbines at the Bac Lieu Wind Power Plant in southern Bac Lieu Province. A list of projects to develop wind power in Viet Nam, largely funded by ODA from Germany, has been approved by Prime Minister Nguyen Tan Dung. — VNA/VNS Photo Huynh Su

HA NOI (VNS) — Prime Minister Nguyen Tan Dung has approved a list of projects that will develop wind power in Viet Nam.

The projects, largely to be funded by Official Development Assistance (ODA) from Germany, propose several approaches to improve Viet Nam's capacity to harvest the potential of wind energy.

They range from building databases, to planning wind power infrastructure at both local and central levels, to improving the management of wind power investment.

To be implemented between 2014 and 2018, these projects will utilise a total investment of 3.7 million euros (US$4.7 million). Germany's non-refundable development assistance package offered 3.6 million euros ($4.6 million) of the required investment and Viet Nam's corresponding contribution satisfied the remaining 100,000 euros ($129,300).

PM Dung assigned the Ministry of Industry and Trade with the responsibility of allocating the funds to ensure the implementation of the projects. — VNS

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