The U.S. Agency for International Development (USAID) announced a new project promoting urban energy security in Vietnam on November 1 in HCM City.
|USAID Deputy Administrator Bonnie Glick speaks at the event.
The event that was attended by USAID Deputy Administrator Bonnie Glick, USAID/Vietnam Mission Director Michael Greene, leaders of the Vietnamese Ministry of Industry and Trade (MOIT)’s Electricity and Renewable Energy Authority, and Ho Chi Minh City’s Department of Industry and Trade.
USAID Vietnam Urban Energy Security is a four-year (2019-2023), $14 million project that will promote deployment of advanced, distributed energy solutions in select urban areas in Vietnam, including Ho Chi Minh City. It will address Vietnam’s rapidly growing energy demand and air pollution in urban areas by working with city governments and creating business opportunities for entrepreneurs. The project will support deployment of advanced distributed energy solutions such as household rooftop solar technology, next generation battery storage technology, and cleaner forms of transportation.
During today’s event, USAID Deputy Administrator Glick donated PLEXOS software and associated hardware to MOIT. These state-of-the-art tools will allow MOIT to simulate electrical utility operations over a multi-year period to set optimal generation and transmission targets.
At the event, business leaders also expressed their desire to work with USAID and the Vietnamese government to generate increased private sector investment in the energy sector and assist the country to meet its energy security goals.PSNews