S Korea, VN up green power ties

There are plenty of opportunities for Vietnam and South Korea to collaborate in the power sector, including renewables, a forum heard in HCM City yesterday.     Executives from Vietnamese and South Korean power firms at a B2B event  Võ Tân Thành, director of the Vietnam Chamber of Commerce and Industry’s HCM City branch, said: “In the context of fossil energy sources like coal and oil and gas increasingly depleting, Vietnam is focused on developing renewable energy sources.”It has also “put in place policies to encourage investment in clean energy,” he told the Korea-Vietnam Power and Renewable Energy Forum.Vietnam has great potential in renewables, but investment in them remains modest, he said.Kim Seoung Su, Korea Energy Agency’s department manager, said many countries have increased production of renewable energy to reduce carbon emissions.South Korea has implemented programmes for the development of renewable energy, he said, adding that green energy accounted for more than 7 per cent of the country’s electricity output in 2016.The Vietnam Energy Association (VEA) said energy demand in Vietnam had been surging year after year.Hydropower and thermal power remain the main options, accounting for 33.6 per cent and 59.7 per cent of the country’s total electricity output in 2015, while renewable energy accounted for 5.1 per cent.Nguyễn Văn Vy, VEA deputy chairman, said Vietnam’s Renewable Energy Development Strategy expects renewables (including hydropower) to account for 32 per cent of total power generation in 2030 and 43 per cent in 2050, when carbon emissions would be cut by 45… [Read full story]


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