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VIETNAM NEWS

Vietnam crafting renewable energy development strategy

04/04/2011


Vietnam's Deputy PM Hoàng Trung Hải wants an early promulgation of a strategy and Master Planning Scheme for renewal energy development by 2030.

The strategy and scheme will create legal foundation for investors to forge investment in renewal energy projects, particularly wind power ones, said the Deputy PM.

He also asked the Ministry of Industry and Trade to collect opinions from related ministries and agencies for the draft trategy and master planning scheme before submitting these documents to the PM for approval.

Mr. Hải also noted the necessity to focus on specific mechanisms on capital mobilization, business environment, project portfolio, human resources and scientific research in order to create most favorable conditions for increasing the renewable energy exploitation in the national sustainable development process.

The latest survey of renewable energy potentials showed that there are over 1,000 promising sites for mini hydroelectric plants with total capacity of around 7,000 MW.

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