World Bank Signs Agreement With SBV To Provide $202 Million For Renewable Energy Development Project In Vietnam
The World Bank has signed agreement with State Bank of Vietnam (SBV) to provide $202 million for renewable energy development project, capitalized at $318 million, in Vietnam between 2009 and 2013. Australia will grant $2.3 million and remaining will be provided by Vietnam. The agreement enables the project to supply more renewable electricity for national grid to ensure Vietnam’s social development and protect the environment. The funding will primarily be used to implement 25 mini-projects.
Nguyen Van Giau, the governor of SBV and the Victoria Kwakwa, World Bank director in Vietnam have signed an agreement on June 16, 2009.
Most of 25 mini-projects are small-sized hydro-power plants, which are developed to generate a combined capacity of 250 megawatt (MW). These plants are projected to generate 2,900 MW of electricity each year. The other renewable energy developments included in the project are bio-gas and wind energy development projects.
As per the agreement, the project will assist Vietnamese agencies to develop their policies and measures to develop renewable energies as well as improve the management and control of renewable energy projects.
The Ministry of Industry and Trade, the Bank for Investment and Development of Vietnam (BIDV), the Bank for Foreign Trade of Vietnam (Vietcombank) and the Saigon Thuong Tin Commercial Bank will collectively implement the project.
Kwakwa has reported that the project will assist the government to expand its power supplies and control the impact of climate change on the environment. Improved conditions for private investors will also be created by the project and allows getting involved in project and increases the advantages to the consumer.
Related Insight
Suppliers Directory
Power Generation Biofuels & Biomass Fossil Fuel Geothermal Hydro Nuclear Solar Wind
Power Distribution Utilities Network Utilities Retail
Mining & Commodities Carbon Coal Minerals & Materials Nuclear Fuels
Wind Intelligence
“Competing For Share Of Global Upstream Oil & Gas Industry Spend In 2010-2011” is a new report published by ICD Research that analyzes how industry suppliers’ media spend, marketing and sales strategies & practices and business planning will be shaped in 2010 to 2011. In an uncertain economic climate this report gives you access to the media channel spending outlooks, media budgets, marketing agency selection criteria, business challenges and sales tactics of leading suppliers to the upstream oil and gas industry. The report also identifies oil and gas exploration and production companies and suppliers future growth, M&A and investment expectations. The research is based on an extensive survey of senior and C-level industry executives from our market leading panels. Reports Buy online from $2000
Comments may be moderated for spam, obscenities or defamation.