Over $6.62m to promote energy efficiency

Deputy Minister of Industry and Trade, Hoang Quoc Vuong, and Patrick J. Gilabert, chief representative from United Nations Industrial Development Organization (UNIDO) in Vietnam, on May 18 in Hanoi, signed a cooperation agreement to carry out a project “Promoting energy efficiency in industry through energy system optimization and management standards in Vietnam” funded by the Global Environment Facility (GEF).

The project has been started since May 2011 with a duration of three and a half years and the coordination of the Ministry of Industry and Trade’s Office of Energy Efficiency. The total cost of the project is $6.625 million.

According to Deputy Minister Hoang Quoc Vuong, the project’s purpose is to promote energy efficiency in industry through accessing the energy system optimization and management standards ISO 50001.

In the National Target Programme on Energy Saving in Vietnam in 2011-2015 period, the country has set out energy saving target of 5-8 percent.

Patrick J. Gilabert said Vietnam has the relative high coefficient of energy use compared to other developing countries. However, industrial businesses have not known much about energy saving system optimization, so efficiency saving is not high. According to Patrick J. Gilabert, depending on each optimization system, the energy savings can be up to 25 percent.

Initially, participants will include producers, suppliers and distributors of equipments, the energy service providers and consultants and policymakers.

The industries receive supports from this project are food processing, textiles, rubber, paper and pulp. In addition, the project will train 10 national experts on energy management and delivery capabilities for businesses with the introduction of ISO 50001 standard and supply of the necessary incentives for enterprises to improve energy use efficiency. – Vietbiz24

Posted by VBN on May 19 2011. Filed under Energy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry