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Germany backs smart power grid project in Vietnam
Wednesday,  May 16, 2018,14:41 (GMT+7)

Germany backs smart power grid project in Vietnam

HCMC – Deputy Prime Minister Pham Binh Minh has signed a decision approving the “Smart Grids for Renewable Energy and Energy Efficiency” project which is financed with a five million euro grant by the German government, the Government news site reports.

The project is executed throughout the country within four years from now with a total investment of 5.3 million euros, with five million euros coming from Germany and the balance from Vietnam.

The project is aimed to complete the legal framework related to promoting and supporting the development of renewable energy in Vietnam, developing smart grids, and enhancing energy efficiency. The project is expected to help realize targets in the national power development plan, the green growth strategy, and the green growth action plan, which ensure power quality enhancement and trusted power supplies closely connected with the stable development in the electricity sector.

The project will specially focus on the application of information technology and communication in managing, operating renewable resources, and optimizing the use of energy. Besides, it helps professional staff at State management agencies and electricity specialists to have their capacities upgraded in order to form a network of smart power grid experts.

Once the project is completed, cooperation and technology hand-over among Vietnamese  and German universities, institutes, and enterprises will be fostered. Apart from that, it will form global experience-exchanging networks among policymakers, managers, and agencies that developed the project.

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