WB approves 102ml USD loan for VN's energy-efeciency technology and practice
(VOVworld) - The World Bank in Vietnam has approved a US$102 million loan to support Vietnamese enterprises in adopting energy-efficiency technologies and practices.
Under this project, industrial enterprises can access new credit to fund their purchases of energy efficiency and production-optimisation technologies, thus reducing energy consumption and production costs and increasing their overall competitiveness in the domestic and international markets.
With the support of the project, financial institutions and enterprises will be able to prepare, evaluate and appraise energy efficiency projects.
Financial institutions can provide loans to support industrial energy efficiency investments, which will enable them to scale up energy efficiency lending to industries. Funding under this project will be provided to participating financial institutions, which will then lend to industrial enterprises to invest in energy-efficient subprojects.