(From left) Major general Charles Frank Bolden Jr. and Vietnamese cosmonaut, Lieutenant General Pham Tuan, present their portraits serving as astronauts to US Ambassador Daniel Kritenbrink at their meeting within the guest's visit to Vietnam. — Photo vov.vn HÀ NỘI — US Science Envoy for Space, Major General Charles Frank Bolden, Jr. has completed a four-day visit to Việt Nam during which he promoted space co-operation between the two countries. The former US Space Shuttle Commander and National Aeronautics and Space Administration (NASA) Administrator conducted meetings with government officials, academics, students and civil society leaders. “It is my great pleasure to be back here in Hà Nội. I am here this week promoting space exploration and the commercialisation of space, as well as international co-operation in science and technology,” he said. Bolden first met with the President of the … [Read more...] about Promoting Việt Nam-US space co-operation
Renewable energy buyers alliance
Việt Nam gathers opinions on direct power purchase agreement
Participants at the Public Consultation Workshop on DPPA Design and Pilot Planning for Việt Nam. — Photo World Bank HÀ NỘI — The Ministry of Industry and Trade (MoIT) and the US Embassy on Wednesday introduced a proposal for a Direct Power Purchase Agreement (DPPA) in Việt Nam. This new policy is expected to allow businesses in Việt Nam to procure electricity directly from private firms producing renewable energy and enable them to power their operations with 100 per cent renewable energy. During the development of this innovative mechanism, the MoIT’s Electricity Regulatory Authority of Vietnam (ERAV) consulted with investors, financial institutions, Electricity of Vietnam (EVN) and its subsidiaries, private power producers, and other potential market participants to develop a successful DPPA pilot programme. Since 2017, USAID’s Vietnam Low Emission Energy Program has helped ERAV to identify the conditions needed to … [Read more...] about Việt Nam gathers opinions on direct power purchase agreement
Vietnam moves to liberalize its power market
The Hanoitimes - The Direct Power Purchase Agreement (DPPA) will allow businesses in Vietnam to procure electricity directly from private firms producing renewable energy and enable them to power their operations with 100 percent renewable energy. World experts gather in Hanoi for Vietnam Wind Power 2019 Geographic position makes Vietnam a renewable power hub Norway's Scatec Solar signs US$500 million deal to develop solar power in Vietnam Vietnam’s Ministry of Industry and Trade (MOIT) on June 12 held a public consultation to introduce its proposal for Vietnam’s Direct Power Purchase Agreement (DPPA) mechanism, marking a step closer to the launch of this critical mechanism to open further the local power market. Public Consultation on Direct Power Purchase Agreement (DPPA) Mechanism Hanoi, June 12, 2019. Photo: USAID/Vietnam. This new policy will allow businesses in Vietnam to procure electricity directly from private firms producing renewable energy … [Read more...] about Vietnam moves to liberalize its power market
Rooftop solar to ensure renewable energy future
Solar PV panels are the beginning of an era of true energy independence For five months, Mac Nhu Lai, a 57-year-old resident in Ho Chi Minh City has been using a three kilowatt-peak (kWp) rooftop solar photovoltaic system called BigKilowatt. The system saved 30 per cent on his electricity bill and increased his income by selling electricity back to the national power grid. “Reducing the electricity bill, the solar rooftop panels help reduce our environmental footprint,” Lai said. Solar rooftop systems became popular in Vietnam. By installing solar panels and a green roof, owners can save costs and enjoy the socio-environmental benefits of a living roof. Racing to rooftop The Vietnamese commercial and industrial sectors has shown a lot of interest in solar rooftop panels. The 2015-2018 period has seen a number of investments and investment announcements for new or expanded PV module and cell manufacturing capacities. These investments are partly made by local Vietnamese … [Read more...] about Rooftop solar to ensure renewable energy future
BUSINESS NEWS IN BRIEF 4/8
PetroVietnam signs deals on Sao Vang-Dai Nguyet gas field exploitation A series of trade agreements on exploiting the Sao Vang-Dai Nguyet gas field was inked between the Vietnam National Oil and Gas Group (PetroVietnam) and its partners in Hanoi on July 31. The agreements included a gas sales and purchase and a gas supply agreement. The stakeholder participation in the Petroleum Sharing Contract includes the operator Idemitsu Kosan Co Ltd with 43.08 percent; Teikoku Oil (Con Son) Co Ltd, 36.92 percent; and PetroVietnam, 20 percent. Speaking at the signing ceremony, PVN General Director Nguyen Vu Truong Son said the signing of trade agreements achieved after over two years of negotiations among sides involved. He said the event is very significant for the gas filed to turn out the first flow of oil and gas in the third quarter of 2020, with an estimated annual output of 1.5 billion cubic metres of gas and of 2.8 million barrels of crude oil and natural-gas condensate. The … [Read more...] about BUSINESS NEWS IN BRIEF 4/8