The Chairman of Enterprize Energy Group attended and presentation at the workshop “Mechanisms for policies and solutions for sustainable energy development in Vietnam“

On June 17, 2022, in Hanoi, the Chairman of Enterprize Energy Group (EE) attended and presented at a seminar organized by the Vietnam Energy Association (VEA) with the theme "Mechanisms for policies and solutions for sustainable development of Vietnam energy", participating at this seminar along with Mr. Ta Dinh Thi, Deputy Chairman of the Science and Technology Committee of the Vietnam National Assembly and representatives of National Group such as EVN and PVN.


Opening the workshop, Mr. Tran Viet Ngai, VEA Chairman outlined the workshop’s focus on practical issues of Vietnam's energy development including electricity, gas, other energy projects such as coal, biomass, solar power, wind power, offshore wind power; with experiences drawn from the revised power plan VII.

The workshop clarified the current issues of the revised Power Plan VII as follows: The reason why the progress of many projects in the revised Power Plan VII has been delayed, including many projects that are up to decades behind schedule, such as Thai Binh 2 thermal power project and the largest gas to power chain projects; Block B to O Mon and the Blue Whale field to Quang Nam, Quang Ngai, as well as some other issues.  Experience from those issues is to be applied to Power Plan VIII. The workshop also analyzed policy mechanisms, challenges in terms of investment capital and directives from highest to lower levels; from which experience and lessons learned for future projects.

Discussing the above issues, Mr. Tran Viet Ngai, VEA Chairman said: "There are three decisive factors of a project: capital is the top factor, the second is the policy mechanism, and the third is the direction and leadership from the central to local levels, and then investors and contractors."

"...  It is necessary to have further effective mechanisms to continue mobilizing capital to exploit the potential and strengths of Vietnam's renewable energy, in line with the orientation of reducing greenhouse gas emissions." said Mr. Tran Viet Ngai.

According to Mr. Ta Dinh Thi, Deputy Chairman of the National Assembly's Committee on Science, Technology and Environment, "In today's workshop I found the presentations very meaningful but there are some issues that have emerged that need to be discussed clearly. The world is changing and we need to change our policies to respond. Currently, the draft amended Law on Oil and Gas is being submitted to the National Assembly for consideration, along with the plan to amend the Electricity Law, and the Law on Economical and Efficient Use of Energy. All these issues are aimed at serving economic development in the context of many changes and changes in the world. For example, the Law on Electricity and Article 4 have been amended to mobilize non-state resources in investment in the development of the power grid."

 Enterprize Energy Chairman - Ian Hatton present his presentation at the workshop

In his presentation, Mr. Ian Hatton briefly introduced the Thang Long offshore wind power project and offshore wind power project to produce Green Hydrogen – Thang Long Wind Hydrogen (TLW H2) and the Energy Plus model that EE is studying to apply in Vietnam.

Mr. Ian Hatton provided an update of some of the work that has been completed and implemented by the EE as soon as the Vietnamese government it is approved the offshore surveys for the TLW project, stating that the construction could begin in 2025 and reach 3.4GW by 2030.  In addition, the TLW H2 project has a total capacity of 2GW with the capacity to produce of 350,000 tons of green hydrogen per year, and this project also provides an alternative source for natural gas and supporting grid stability.  At the same time, it is recommended that Vietnam approves the power plan VIII soon so that EE can implement the next steps in the plan.

VEA will submit a report on proposals to central agencies, ministries, sectors, corporations, investors and lenders on policy mechanisms and solutions to promote Vietnam's energy development in a sustainable way, ensuring national energy security and protecting the environment in upcoming time.