USAID’s project launched to help HCM City accelerate its green growth
WVR - On September 20, Ho Chi Minh City (HCMC) People’s Committee and the United States Mission to Vietnam, through the U.S. Agency for International Development (USAID), launched a project to accelerate renewable energy and energy efficiency solutions to the city’s urban energy challenges.
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| USAID’s project launched to help HCM City accelerate its green growth. (Photo: U.S. Consulate General in Ho Chi Minh City). |
Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan, USAID/Vietnam Mission Director Aler Grubbs, Acting US Consul General Graham Harlow were among the participants of the launching ceremony.
The new project, worth of 14 million USD, called USAID Vietnam Urban Energy Security, is aiming to help the Ho Chi Minh City and Danang city authorities to improve urban planning related to clean energy, mobilize investment, and integrate clean energy solutions into the power system. These include rooftop solar, electric vehicles, waste-to-energy, and other energy efficiency solutions.
For Ho Chi Minh City, the project plans to deploy at least 400 megawatts of clean energy, mobilize at least 540 million USD in public and private investments, and take at least 15 innovative solutions to urban energy issues to market.
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| USAID’s project launched to help HCM City accelerate its green growth. (Photo: U.S. Consulate General in Ho Chi Minh City). |
The United States and Vietnam are approaching 10 years of Comprehensive Partnership, and this event demonstrates how two countries work together to address a growing demand for cleaner, more reliable energy options.
According to the USAID, the project launched today builds on prior years of USAID assistance to Vietnam for its clean energy transition. Over the past five years, USAID support to government regulators, banks, investors, and private sector developers helped spur solar and wind investments in Vietnam totaling more than 300 million USD.
In addition, USAID supported the Government of Vietnam in developing its Power Development Plan #8, which sets the overarching vision and operating principles for Vietnam’s power sector from 2021 to 2030. USAID also worked closely with the Ministry of Industry and Trade (MOIT) to develop Minimum Energy Efficiency Performance Standards to reduce energy consumption in industrial production.
(Source: WVR)
