Indian Consul General in HCM City K Srikar Reddy speaks at the B2B meeting (Photo: congthuong.vn) HCM City (VNA) – A recent B2B meeting held by the Consulate General of India in Ho Chi Minh City provided networking and partnership opportunities for Vietnamese and Indian businesses in the electrical and power sector. The event featured 14 Indian electricity and power businesses that make products such as transmission equipment and metering solutions. Dr K Srikar Reddy, Indian Consul General in HCM City, said that from April 2017 to March 2018, bilateral trade between the two countries was at 12.83 billion USD, 27 percent higher than the same period last year. Vietnam’s electricity consumption is expected to grow by 4,000 MW every year, which is a great opportunity to increase trade in electrical machinery between the two nations.” Kieu Huynh Son, deputy chairman of the HCM City Association of Mechanical and Electrical Enterprises, said that demand for power … [Read more...] about Vietnamese, Indian power firms seek partnership opportunities
India power sector
Indian, VN companies in electricity sector meet
A B2B meeting for Indian and Vietnamese companies in the electricity and power sector was held on September 13 in HCM City to promote trade as demand for electricity in Việt Nam continues to grow. – VNA/VNS Photo Việt DũngViet Nam News HCM CITY – A B2B Meeting held by the Consulate General of India in HCM City on Thursday provided networking and partnership opportunities for Vietnamese and Indian businesses in the electrical and power sector. The event featured 14 Indian electricity and power businesses that make products such as transmission equipment and metering solutions. Dr K Srikar Reddy, the Indian consul general in HCM City, said that from April 2017 to March 2018, bilateral trade between the two countries was at US$12.83 billion, 27 per cent higher than the same period last year. “Việt Nam’s electricity consumption is expected to grow by 4,000 MW every year, which is a great opportunity to increase trade in electrical … [Read more...] about Indian, VN companies in electricity sector meet
Local wind power tempting despite low incentives
Investors are keeping their faith in Vietnam’s wind power sector, even though it is not taking off due to an unbankable purchase power agreement, seven years after the government released the incentives for wind power projects. Local wind power tempting despite low incentives Asked whether investors would contemplate leaving Vietnam’s wind sector, Morten Dyholm, vice president of Vestas Group, stated that investors see great potential, huge demand, and strong political commitment here. Wind power is one of the most competitive energy sources globally and one of the fastest-growing industries in the world. “Thus, global firms will not leave this market,” he said, adding that a series of petitions have already been submitted. Having co-operated with many investors, Duong Tan Long, head of the Energy and Electricity at the Binh Thuan Department of Industry and Trade, said that foreign investors are still waiting for feed-in-tariff (FiT) adjustments as … [Read more...] about Local wind power tempting despite low incentives
Vietnam advised to develop wind power
Vietnam needs to focus on developing the wind power industry and implementing transparent policies on granting investment licences to wind power projects. Vietnam needs to focus on developing the wind power industry and implementing transparent policies on granting investment licences to wind power projects.-Photo vov.vn Experts said at a seminar on the development of wind power in Vietnam held in Hanoi on June 7 by the German and Danish embassies, alongside the GIZ – German international cooperation organisation. The seminar was a chance for Vietnam to learn from experiences of foreign countries and international experts in the development of wind power. During the seminar, the Global Wind Energy Council (GWEC) said that to abolish some of the major barriers and to bring into play the full potential of Viet Nam’s wind power, the Government must increase its support for the development of the industry. Secretary General of GWEC Steve Sawyer said that the … [Read more...] about Vietnam advised to develop wind power
VN advised to develop wind power
Việt Nam needs to focus on developing the wind power industry and implementing transparent policies on granting investment licences to wind power projects.— Photo vov.vn HÀ NỘI — Việt Nam needs to focus on developing the wind power industry and implementing transparent policies on granting investment licences to wind power projects. Experts said at a seminar on the development of wind power in Việt Nam held in Hà Nội on June 7 by the German and Danish embassies, alongside the GIZ – German international cooperation organisation. The seminar was a chance for Việt Nam to learn from experiences of foreign countries and international experts in the development of wind power. During the seminar, the Global Wind Energy Council (GWEC) said that to abolish some of the major barriers and to bring into play the full potential of Việt Nam’s wind power, the Government must increase its support for the development of … [Read more...] about VN advised to develop wind power