|FOR IMMEDIATE RELEASE
September 12, 2013
Anna Humphrey | (703) 875-4357
USTDA GRANT TO ACCELERATE WIND POWER DEVELOPMENT IN VIETNAM
Technical Assistance for Wind Grid Code Builds on U.S.-Vietnam Energy Cooperation
HANOI, VIETNAM – This week, USTDA announced a $287,917 grant to the Electricity Regulatory Authority of Vietnam (ERAV), part of the Ministry of Industry and Trade (MOIT), in order to support the development of a wind grid code for the country's electric power sector. The technical assistance grant will fund a study of Vietnam's wind resources and its power grid to serve as the basis for a new grid code standard that allows for the integration and interconnection of up to 6,000 MW of new wind power. Registration of wind power development projects in Vietnam has recently accelerated, with over 60 projects registered with MOIT, and more to come.
"Vietnam has a growing need for new energy sources and its Ministry of Industry and Trade has set policy incentives to encourage the development of Vietnam's abundant wind resources," said USTDA Director Leocadia I. Zak. "This grant demonstrates the collaboration between the Government of Vietnam, the U.S. Government, and U.S. industry to advance renewable energy growth in Vietnam."
This USTDA grant will help power sector managers in Vietnam to prepare the country's infrastructure for successful integration of new wind power generation. Working with the Energy Consulting (GEEC) department of General Electric International (Schenectady, NY), this project will support a more stable power grid and enable the integration of additional electricity resources from renewable sources. The increased deployment of wind energy will also enable Vietnam to reduce its reliance on coal-fired fuel.
This project supports USTDA's renewable energy portfolio, and along with an earlier reverse trade mission focused on Vietnam's wind power developers and energy regulators, is part of the agency's commitment to the U.S.-Asia Pacific Comprehensive Energy Partnership (USACEP), announced by President Obama at the East Asia Summit in November 2012. This initiative seeks to build U.S. business engagement in the region's clean energy development, while stimulating infrastructure and grid improvements.
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The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.
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