USTDA awarded a grant of more than VND 17 billion to advance energy storage in Vietnam

The signing ceremony of Grant Agreement for a technical assistance to carry out a research project on developing an energy storage system in Vietnam was held between Vietnam Electricity (EVN) and the U.S. Trade and Development Agency (USTDA) on September 5, 2018 in Hanoi.

Attending the ceremony were Mr. Duong Quang Thanh - Chairman of Board of Directors, Mr. Nguyen Huy Cuong - Member of Board of Directors, Mr. Dinh Quang Tri – Acting President and CEO, and representatives of member organizations of EVN.

On behalf of the United States, there were Mr. Daniel J. Kritenbrink - Ambassador Extraordinary and Plenipotentiary of the United States of America to Vietnam and Mr. David Ross – USTDA Country Manager for Southeast Asia.

Mr. Dinh Quang Tri – Acting President and CEO (sitting on the right) and Mr. David Ross, USTDA Country Manager signed the Agreement.

According to Mr. Daniel J. Kritenbrink, Ambassador Extraordinary and Plenipotentiary of the United States of America to Vietnam, one of the U.S. Government's priorities is to assist in ensuring global energy security, including Vietnam. The Technical Assistance to research and develop an energy storage system in Vietnam is financed by an USTDA non-refundable aid worth USD 755,160 (equivalent to over VND 17 billion).

The objectives of the project are to thoroughly examine current setbacks of the power system in Vietnam, including system stability related ones, to work out solutions for dealing with problems relating to operation plan development and power system operation when a large proportion of renewable energy sources is introduced, to estimate the demand and mobilize auxiliary services when energy storage devices are available in the system. Thereby the project will help compare the effectiveness of energy storage solutions, cutting edge network control support equipment as well as to optimize the construction of new transmission lines and conventional power generation sources.

The USTDA and the U.S. Embassy in Vietnam were committed to partnering with Vietnam to successfully implement the project, meeting the country’s growing energy demands.

Mr. Duong Quang Thanh - Chairman of EVN (sitting on the right) and Mr. Daniel J. Kritenbrink - Ambassador Extraordinary and Plenipotentiary of the United States of America to Vietnam signed the Grant Agreement.

Speaking at the signing ceremony, Chairman of EVN’s Board of Directors Duong Quang Thanh confirmed that the Technical Assistance of USTDA is very useful and it will solve difficulties and challenges confronted by the operation of power system in Vietnam when facing the explosion of renewable energy development in the coming time. Vietnam's power system should be fully and comprehensively prepared in terms of technical standards, relevant regulations and operational procedures in order to maximize the availability of new energy sources that will be integrated into the grid in the near future.

"The United States is known as a leading country in advanced technology development, so U.S. expertise and experience in the energy storage area will greatly help Vietnam and further cooperation in the energy sector between the two countries", said EVN’s Chairman.

In the energy sector, over 10 years of cooperation with the U.S. Embassy in Vietnam and the USTDA, EVN has received advanced technical assistance projects such as: Research and development of an information technology development roadmap for the National Power Transmission Corporation and the Central Power Corporation, development of feasibility study for Tan Thuan Wind Power Plant. In addition, a lot of bilateral trade visits have been organized on such subjects as smart grid development, power plant efficiency improvement, LNG technology, etc.


  • 05/09/2018 03:02
  • evn.com.vn