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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