Vietnam | US supports thermal power generation to solve power shortage
On May 22nd, a grant aid agreement was signed for technical assistance for a liquefied natural gas (LNG) terminal and thermal power plant project in southern Vietnam.
Daniel Kritenbrink, US Ambassador to Vietnam, Todd Abrajano, USTDA Deputy of the US Trade Development Agency, and Duong Quang Thanh, Chairman of Vietnam Power Group EVN, attended the signing of the grant aid agreement.
USTDA (United States Trade and Development Agency) of the U.S. Trade and Development Administration, which provides infrastructure support for Vietnam, is an independent agency of the U.S. government established in 1961 to advance economic development and the expansion of U.S. commercial interests. We support the country.
EVN (Vietnam Electricity Group) of the Vietnam Electricity Group is a Vietnamese special state-owned enterprise that constructs power plants, distributes power grid systems to homes, regulates domestic power grids, and imports and exports electricity with neighboring countries such as China and Laos. is.
Vietnam's Ministry of Trade and Industry has approved the project, and Vietnam Power Group EVN will receive more than US$1.4 million from the US Trade and Development Agency's USTDA.
United States | Supporting power shortages in Vietnam
At the ceremony, U.S. Ambassador to Vietnam Daniel Kritenbrink said one of the U.S. government's priorities is to support countries and partners, including the U.S. government, in achieving the goal of achieving global power security. The purpose of the project is to solve and contribute to the problem of power shortage in Vietnam.
The U.S. Trade and Development Administration's feasibility studies and feasibility studies have set Vietnam's LNG handling figures as initial targets. In the future, it will provide low-cost electricity to the southern region of Vietnam, as well as liquefied natural gas from a US company.
Todd Abrajano of the U.S. Trade and Development Administration said he hopes to establish close cooperation with Vietnam Power Group and conclude cooperation agreements that will benefit U.S. companies and Vietnamese partners.
Over the last ten years, Vietnam Power Group EVN has received technical assistance in the implementation of projects on energy storage systems, information technology and the development of wind farms.
INVESTMENT | Solve Vietnam's power shortage
This time, I introduced that the United States is supporting the development of thermal power generation to solve the power shortage in Vietnam. The Vietnamese government aims at a stable power supply, but it also aims at a clean and eco-friendly energy portfolio. In recent years, investment in renewable energy projects has been promoted.
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