EESL has expressed
strong interest in LED street lights and solar projects for the Vietnamese market.
Indian energy firm EESL
expressed interest in Vietnam's clean energy market, particularly LED street
lights and solar energy projects, during a recent workshop.
Energy Efficiency
Services Limited, as the company is officially known, is a joint venture set up by
India's Ministry of Power. It has signed a partnership contract with Cambodia's
D&D Group, paving the way for future energy efficiency projects in Vietnam
and Cambodia.
D&D Chairman
Dibyendu Pattnaik said his company was considering investing in new
transmission lines, hydroelectric power and renewable energy projects.
Vietnam's economic
growth, particularly the expansion of the manufacturing sector, will continue
to drive demand for electricity.
According to state
utility Vietnam Electricity (EVN), annual energy consumption in the country has
reached 162 billion kilowatt-hours and is projected to grow by 10 percent.
Simple energy efficiency
measures can provide some of the easiest and cheapest ways to meet the
country's energy demand and reduce green house emissions.
Other Indian investors
have also eyed Vietnam's energy sector.
Smita Pant, Consul
General of India in Ho Chi Minh City, told the Vietnam Investment Review that
Tata Power's $2.1 billion investment in the Long Phu 2 Thermal Power Project in
the southern province of Soc Trang would make India one of the top foreign
investors in the country. The plant is expected to start running in either 2021
or 2022.
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Reference Source: VnExpress
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