PV Gas and four other units

Honored with Sustainable Energy Award

06:00 | 25/07/2020 Companies

(VEN) - The Ministry of Industry and Trade (MoIT) and the Vietnam Energy Conservation and Energy Efficiency Association recently held a ceremony in Hanoi to honor and present the 2019 Sustainable Energy Award to enterprises in industrial production, trade and services. The PetroVietnam Gas Corporation (PV Gas), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), was among the top 50 Vietnamese firms receiving the award.

honored with sustainable energy award
Deputy General Director of PV Gas Hoang Van Quang receives a cup and certificate as Energy Efficient Enterprise

The Sustainable Energy Award was launched last year within the framework of the national program on energy efficiency for the 2019-2030 period approved by the Prime Minister. The awards are aimed at honoring energy exploitation, processing, and distribution companies; those working in the renewable energy sector; and those producing energy-saving products. It reflects the MoIT efforts to disseminate initiatives, technologies and energy saving and renewable energy solutions and convey the message of green growth and environmental protection to all sectors of the economy and society as a whole.

honored with sustainable energy award
Deputy Minister of Industry and Trade Hoang Quoc Vuong speaks at the event

Apart from encouraging enterprises in the renewable energy sector to target sustainable development, the program has also created positive social effects in raising awareness and responsibilities of the business community with regard to the socioeconomic development objectives in the industrialization and modernization period.

The 2019 Sustainable Energy Award attracted the participation of more than 500 electricity, oil and gas, coal mining, and renewable energy enterprises that apply efficient energy use solutions to help reduce greenhouse gas emissions and protect the environment.

Speaking at the event, Deputy Minister of Industry and Trade Hoang Quoc Vuong said the country’s demand for electricity has grown at a substantial 10.6 percent on average every year in the 2016-2020 period and growth in the 2021-2025 and 2026-2030 periods is projected at 8.5 percent and 7.5 percent, respectively. The total capacity of current power sources is about 54,000 MW (including renewable energy) and is projected to reach 96,500 MW and 129,500 MW by 2025 and 2030 respectively. This presents the energy industry with a major challenge in mobilizing investment to expand and upgrade power transmission grids, develop new power sources and provide enough primary energy sources for power plants.

honored with sustainable energy award
Leaders of the Ministry of Industry and Trade congratulate the recipients

“I am very glad to see that the award has attracted the participation of businesses operating in various fields from all over the country. I hope that we can draw experience from this first time for better organization so that more firms apply next time around, spreading a message about saving energy, developing renewable energy, and protecting the environment for sustainable economic growth,” Vuong said.

According to organizers, PV Gas demonstrated outstanding performance in multiple regards, including effective production, fulfilling government-assigned tasks, compliance with regulations on the efficient use of energy, innovation in business activities, environmental protection and charitable activities.

Particularly, the company was a pioneer of the gas industry in Vietnam, supplying resources generating 30 percent of Vietnam’s electricity output annually. It also contributed to promoting the country’s strategy for clean energy development and economic growth in general.

Four other subsidiary firms of PetroVietnam were also honored: PetroVietnam Power Nhon Trach 2 Joint Stock Company, PetroVietnam CaMau Fertilizer Joint Stock Company, PetroVietnam CaMau Power Company, and PetroVietnam Ha Tinh Power Company.

All recipients received cups and certificates as Energy Efficient Enterprises and they can use the award logo in their business activities.

Kim Ngan