Vietnam, India promote energy cooperation

08:32 | 11/12/2016 Industry

(VEN) - The Indian Embassy in Vietnam cooperated with Vietnamese agencies to organize a workshop on energy efficiency, contributing to promoting energy cooperation between the two governments.  

vietnam india promote energy cooperation

According to the Electricity of Vietnam, total current capacity of the Vietnamese power sector stands at 40,000 MW with consumption of around 162 billion kWh. Vietnam’s power consumption is forecasted to grow at 10 percent annually. To meet the demand, the Vietnamese power sector must reach the generating capacity of 87,000 MW by 2025 and 130,000 MW by 2030. India’s Energy Efficiency Services Limited (EESL) said that energy efficiency plays a key role in a context where the generating capacity is hard to increase as it will help Vietnam moderate energy demand without compromising on the quality of output.

Hanoi Department of Industry and Trade Deputy Director Nguyen Thanh Hai said that economical and efficient use of energy is the application of management measures and techniques in order to reduce losses and energy consumption of equipment, while ensuring the needs and objectives set out for trade and production activities. Energy efficiency is one of the top priorities in Vietnam and is closely associated with socioeconomic development in each and every locality.

The National Assembly passed the Law on Economical and Efficient Use of Energy in 2010. With 48 articles, the law provides policies and measures to promote economical and efficient use of energy as well as the rights, obligations and responsibilities of organizations, households and individuals in economical and efficient use of energy.

The prime minister also approved the national target program on economical and efficient use of energy during the 2012-2015 period in October 2012. The program aimed at implementing solutions and creating a breakthrough in improving energy efficiency with a focus on industrial production, construction and transport, while strengthening propaganda and raising community awareness of energy-saving.

Thanks to the implementation of the program, Hanoi saved more than 1.33 billion kWh of electricity, equivalent to over VND2.115 trillion in the 2011-2015 period.

The Indian government has also paid special attention to energy efficiency in recent years. With the support of the Indian government, EESL has distributed 177 million LED bulbs which have helped reduce consumers’ power bills by over US$3.5 million, avoid demand of 4,584 MW at peak hours and slash 50,810 tonnes of CO2 emission.

Indian Ambassador to Vietnam Parvathaneni Harish said that the government, businesses and individuals need to be active in participating in energy-saving programs. India will cooperate with Vietnam to promote economical and efficient use of energy.

During the visit of Indian Prime Minister Narendra Modi to Vietnam in September 2016, the two sides emphasized cooperation in energy such as oil and gas, power generation and renewable energy.

Nguyen Hoa