Vietnam seeks Finish assistance to energy transition projects
VOV.VN - Vietnam desperately needs international support and assistance in terms of technology, resources, and management, including from Finland, to realise its net zero commitment and the Just Energy Transition Partnership (JETP), Deputy Prime Minister Tran Hong Ha told Finish Ambassador to Vietnam Keijo Norvanto at a reception in Hanoi on March 12.
Hakan Agnevall, President and CEO of Wartsila, a leading Finish company that offers sophisticated lifecycle solutions and smart technologies for the marine and energy industries, was also present at the meeting.
Receiving the guests, Ha praised Finland for the experience it has acquired in sustainable development areas such as circular economy, environmental protection, and clean energy.
He welcomed Finish businesses’ plans to develop clean energy projects in Vietnam, including Wartsila’s tentative project to build the first flexible power plant in Vietnam, using LNG and then hydrogen in future to support the integration of renewable energy into the power system.
Such project matches Vietnam’s efforts to convert coal-fired power plants to gas power, combining power sources from renewable energy, stressed the Deputy PM.
He suggested that Wartsila fully calculate infrastructure investment costs, gas purchase plans, renewable energy development sources and production costs in accordance with the Vietnamese market.
The Deputy PM also informed his guests about Vietnam’s preferential policies to attract foreign investors into developing offshore wind power to produce and export green fuels such as green hydrogen and green ammonia. He also briefed them on the direct power purchase mechanism in Vietnam, as well as investors’ engagement in manufacturing renewable energy equipment or investing in waste electricity.
