The Hanoitimes - The Deputy Prime Minister Pham Binh Minh has approved the investment of project "Smart Grids for Renewable Energy and Energy Efficiency" (SGRE-EE) financed by non-refundable official development assistance (ODA) from the German government, according to the government portal.
Following the Decision, the project will be implemented in 4-years period from 2018 - 2022 nationwide, with total investment capital of EUR5.3 million (US$6.35 million).
Of the total, EUR5 million (US$6 million) is financed by German government's non-refundable ODA, and EUR297,980 (US$350,000) coming from Vietnam's counterpart fund.
The objective of this action area is to provide the Electricity Regulatory Authority of Viet Nam (ERAV) with information for improving the regulatory framework for a Smart Grid, which facilitates Renewable Energies and increases Energy Efficiency.
One of the project's aims is to establish a Smart Grid knowledge hub, which helps Vietnamese experts and stakeholders to exchange knowledge about the development and management of Smart Grids, state-of-the-art technologies and international approaches. The exchanges also aim to promote awareness about Smart Grids between the government, policy makers, business, research institutes and civil society.
Through activities in this action area, power sector experts will be presented with and exchange on available technology solutions for an intelligent power supply system, which facilitates the integration of Renewable Energies and improves Energy Efficiency. The experts will learn more about the technologies that are available on an international level and will get insights into the benefits these technologies can have for the Vietnamese power sector.
The project will not only help improving the efficiency, reliability, and sustainability of electricity services, but also support the increased integration of renewable energies into the existing power grid.
Vietnamese government is planning to increase production capacities from approximately 39,000 MW in 2015 to 60,000 in 2020 and 1,290,500 MW in 2030. The required investment volume is estimated to reach EUR125 billion (US$149.7 billion), of which one quarter is designated to the modernization and expansion of the power grids.
Grid expansion and its digitization and thus its transition to an intelligent power supply system (Smart Grid) is to be conducted to reduce grid related supply shortages and to exploit efficiency potentials.