Solar panels installed on the roof of Binh My 2 Elementary School in HCMC’s Cu Chi District – PHOTO: VAN NAM

The WB will assist the city in assessing the benefits of placing solar panels on the rooftop, offering technical support for local energy experts, bidding for equipment suppliers and searching for finances to implement the program.

Speaking to the WB working group on October 25, HCMC Vice Chairman Le Van Khoa said the city is keen on developing renewable energy, especially solar power. It is expected that the capacity of renewable energy will account for 1.74% of the city’s total electricity consumption by 2020.

The city plans to implement the solar electricity development program supported by the WB in the 2017-2018 period.

The local government since last year has supported a pilot program to support solar power generation by giving VND2,000 (US$0.08) for every kilowatt of power produced. The city currently has 90 solar power stations connected to the national grid, with a combined capacity of 2 MW.

HCMC Power Corporation (EVN HCMC) has recently asked the city government to pilot a mechanism for supporting local firms and households using solar electricity, especially through financial aid, low loan interest and long-term loan repayment.

Vietnam expects renewable energy to make up 4.5% of its total electricity output by 2020, and 6% by 2030, according to the National Electricity Development Plan in the 2011-2020 period and beyond.

(Source: SaigonTimes)