VIETNAM Vietnam’s Government is very keen to form an alliance with ElQuator for capturing the Renewable Energy market demand with a Joint-Venture setup.Their plan is to cater and provide electricity to the whole nation.This is agreed byVietnam's EnergyVice-Minister. A complete proposal will be drafted to proceed with the arrangement and planning.
The possible meeting will be arranged withVietnam's EnergyVice-Minister soonest possible to further discuss on the Joint-Venture arrangement.
Vietnamese Government has set the target for Renewable Energy electricity production is 10 per cent by 2030. To meet the growing demand, Vietnam needs 60,000MW of electricity by 2020, 96,500MW by 2025, and 129,500MW by 2030.To do so, the country needs to increase its installed capacity by 6,000MW – 7,000MW annually and spend close to US$148 billion by 2030.
With electricity demand projected to increase by eight percent annually until 2025; the government is moving forward to develop renewable energy sources to ensure energy security and addressing the growing power demand. Small hydro makes up most of the current renewable investment inVietnam with 37.6% and total of 15,857MW.
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