Renewable energy fair tipped

Modern technologies, adequate government incentives and reasonable production costs will help facilitate the development of renewable energy in Vietnam.

Deputy head of the National Agency for Science and Technology Information Le Thi Khanh Van made the statement during a press conference held on October 6 in Hanoi.

Despite the country’s huge potential for renewable energy development, domestic and foreign enterprises seem hesitant to invest in the sector because it has higher production costs than traditional energies, she said.

As part of its increasing efforts to boost development of the sector, the agency will join hands with Germany’s International Exhibition and Fair Service Company to organise the 2nd International Exhibition for Renewable and Decentralised Energy Solutions in Hanoi next March.

“The three-day expo will be a good chance for Vietnamese universities, organisations and businesses to seek cooperation and update their knowledge on advanced technologies and solutions for renewable energy,” Van said.

“The event will also offer Vietnam a valuable opportunity to introduce its renewable energy advantages and potential to domestic and foreign investors,” she added.

About 200 booths will feature information about technologies and equipment for solar energy, wind energy, hydro-electric power, bio energy, geothermal energy and the conversion and transmission of renewable energy.

A conference discussing methods to export renewable energy will be held on the sidelines of the event.

Renewable energy will account for 4.5 per cent of the nation’s total power supply by 2020 and 6 per cent in 2030, according to a 10-year national power development plan approved by the Prime Minister. – VIR

Tags: , , ,

Posted by VBN on Oct 8 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

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS Singapore Business News

  • Former DBS Land CEO to build mixed project in Chengdu
  • Allgreen set to launch Phase 2G of Pavilion Park
  • S’pore property sector underweight: S&P
  • Higher prices for landed homes in Q3
  • MAS policy statement, Q3 GDP estimates out on Oct 14
  • Singapore’s STI ends up 1.4%

RSS India Business News

  • Citigroup upgrades India to ‘Neutral’ from ‘Underweight’
  • Sensex rebounds 2.8 pct; Reliance, banks lead
  • Sensex ends 440 pts up;RIL,Sterlite,ICICI,DLF gain
  • India gold adds to gains; traders continue stocking up
  • Gold gains Rs 470, silver zooms Rs 3,400 on firm Asian trend
  • Sensex snaps 4-day losing streak, ends 440 points up

RSS Malaysia Business News

  • Short rally ends for glove makers
  • M’sia-Indonesia talk on CPO tax soon
  • Alliance Financial’s overhead resistance faces test
  • Bursa sees pre-Budget bounce
  • CPO futures end mostly steadier
  • Ringgit extends uptrend

Sponsored

  • Looking for an overseas forex broker?
  • Trading Point now offering Forex Malaysia and FX Japan with Forex, CFD's and Futures.