German-funded project on smart power network development approved
(VOVWORLD) - Deputy Prime Minister Pham Binh Minh has approved a proposal on a German-funded project to apply smart power network to develop renewable energy and energy efficiency in Vietnam.
 Illustrative image. (Source: VNA)
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The project, which will use non-refundable Official Development Assistance (ODA) from the German Government, aims to complete a legal framework related to promoting and supporting the development of various sources of renewable energy in the power system as well as a smart energy network in Vietnam.
It is expected to help the country fulfill the government’s targets set in the national power development program, the green growth strategy, and the green growth action plan, towards ensuring a reliable supply of energy and improving power quality along with sustainable development of the sector.
The 5.3 million euro project will be implemented until 2022 nationwide.