German-funded project on smart power network development approved

12:51 | 15/05/2018
Deputy Prime Minister Pham Binh Minh has signed Decision 519/QD-TTg approving the proposal on a German-funded project to apply smart power network to develop renewable energy and energy efficiency.
german funded project on smart power network development approved
The research affiliation will focus on latest technologies and technology products and software for energy efficiency for application in building smart houses and smart cities. Photo: esi-africa.com

The project, which will use non-refundable official development assistance (ODA) capital of the German government, aims to complete the legal framework related to promoting and supporting the development of various sources of renewable energy in the power system, as well as a smart energy network in Vietnam.

It is expected to help the country fulfil the Vietnamese government’s targets set in the national power development programme, the green growth strategy and the green growth action plan to ensure reliable supply of energy and improve the power quality, along with sustainable development of the power and energy sector.

The project will enhance partnership and technology transfer among universities, research institutes and enterprises in Vietnam and Germany in renewable energy and energy efficiency, while establishing networks for co-operation and experience sharing among policy-makers, management officials, as well as other project development units.

The research affiliation will focus on latest technologies and technology products and software for energy efficiency for application in building smart houses and smart cities.

To be implemented from 2018 to 2022 nationwide, the project will have a total investment of nearly 5.3 million euros, of which five million euros is sourced through the non-refundable ODA of the German government, while $297,980 is Vietnam’s corresponding capital.

Prime Minister Nguyen Xuan Phuc has assigned the Ministry of Planning and Investment to send an official notice to the German side on this decision. Meanwhile, the Ministry of Industry and Trade was asked to gather ideas from relevant agencies to complete, verify and ratify the project’s document to issue a decision on the project.

VNA

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