The “Renewable energy development and electric grid upgrade and expansion in remote communes” programme is being funded by the Asian Development Bank.
According to the energy sector, Vietnam has everything required to develop renewable energies from solar, wind, geothermal and, especially, hydro-power sources.
With nine major river systems, it is considered one of 14 top countries in terms of hydropower potential.
But it has failed to make full use of this potential, largely due to the relatively high costs and technology issues.
The country has 500 small hydropower stations with a combined output of 135 MW.
On the same day, Dung also approved a loan agreement for the “Partnership for the poor in agro-forestry development in northern Bac Kan province” project funded by the International Fund for Agriculture Development.
The Minister of Finance will soon sign the agreement.
Earlier, the PM ratified the 600,000 USD “Increasing social auditing capacity of the socio-economic development plan 2006-10” project sponsored by the United Nations Children’s Fund.
Source:VietNamNet/VNA
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