It is the third phase of a long-term energy cooperation program between the two Governments launched in 2013. The program will be jointly carried out by the Vietnamese Ministry of Industry and Trade (MoIT) and the Danish Energy Agency with a non-refundable aid of 60.3 million DDK (10 million USD) in the form of Denmark’s technical assistance.
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At the signing ceremony (Photo: baotainguyenmoitruong) |
At the signing ceremony, An said the Vietnam-Denmark energy cooperation has brought about positive results and benefited both countries.
The implementation of the program’s third phase will offer chances for Vietnam to learn from Denmark's experience in strategic energy development policies, thereby playing an important role in the sustainable transition of Vietnam’s energy sector.
For his part, the Danish Ambassador affirmed that Denmark is a long-standing and trustworthy partner of Vietnam in helping the Southeast Asian nation switch to green energy and low-carbon economy.
The DEPP III will inherit the solid foundation of the two Governments’ partnership and continue to strengthen and develop achievements obtained so far, he added.
With more than 50 years of experience in the field, Denmark is willing to share its best solutions, know-hows and experience with Vietnam and help the country realize its enormous potential in energy transition and improve Vietnam’s commitment to climate change adaptation, the Danish diplomat said.
Within the framework of the program, Vietnamese and Danish partners will continue to collaborate in energy planning, integration of renewable energy into the power grid and economical and effective use of energy in the industrial sector.
Offshore wind energy development will continue to be a key area of the program.
It also helps the MoIT’s Energy Efficiency and Sustainable Development Department build a mechanism conducive for the application of economical and effective energy solutions in energy-intensive industries of Vietnam.
The DEPP is part of the Danish commitment to fulfill the Paris Agreement by assisting a number of emerging economies, including Vietnam, in their low-carbon transition.
Source: VNA