Wednesday, 8 September 2010

Vietnamese energy sector gets help from Germany and Russia

Vietnam is to receive a sum of €120 million as preferential loans from the German Development Bank (KfW) to carry out a €162 million project, “improving effectiveness of energy in rural areas”. The agreement was signed in Hanoi, on 7th September, between KfW and Electricity of Vietnam (EVN).

EVN will distribute the capital for the next four years, between projects to be carried out in 26 provinces, aimed to upgrade low and middle-tension electricity grids in rural areas to reduce electricity losses, ensure safety and raise the quality of electricity supply. Under the agreement, the period for repayment will be nine years.

In other areas, Rosatom's Chairman Sergey Kirienko has said that the atomic energy group and Vietnamese scientists are working on setting up a training centre for nuclear power plants and an atomic energy research institute in order to build the most modern and safest nuclear power plant. Under the terms of co-operation Rosatom Group will provide training for about 70 Vietnamese staff, to help Vietnam become a nuclear energy centre for peaceful purpose in ASEAN.

State President Nguyen Minh Triet who met with Kirienko in Hanoi, stressed the importance of the construction of a first nuclear power plant in Vietnam, and said the country looks forward to working with Russian experts who will provide Vietnam with the capital, training and technical assistance in completing the project and accelerating the country's socio-economic development.

Source: VOVNews

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