Vietnam facilitates coal-to-gas transition projects: Deputy PM
(VOVWORLD) - Vietnam has encouraged and created favorable conditions for coal-to-gas power transition projects, Deputy Prime Minister Tran Hong Ha said while receiving Finnish Ambassador to Vietnam, Keijo Novaron and the President and CEO for Wartsila Corporation, Hakan Agnevall in Hanoi on Tuesday.
 Deputy Prime Minister Tran Hong Ha receives Finnish Ambassador to Vietnam, Keijo Novaron on March 12, 2024. (Photo: VGP) |
Mr. Ha said Vietnam is now a partner of the European Union (EU) and G7 countries to deliver on the net-zero commitment and the Just Energy Transition Partnership (JETP), asking for further support in developing technology, resources, and governance.
Agnevall said the corporation and its Vietnamese partner are working to carry out the first flexible power project in Vietnam.
Deputy PM Ha asked the group to give its full consideration to the expenditure of infrastructure investment, gas purchase, power generation from renewable energy, and transmission systems, among others, making the project suitable to the Vietnamese market.
He said Vietnam has policies of encouraging and attracting foreign investors to off-shore wind power development, direct power purchases, renewable energy equipment manufacturing, and waste-to-energy projects.