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WB helps HCM City develop solar power

The World Bank (WB) will support Ho Chi Minh City to develop a solar power network.

A research group on energy and minerals introduced the WB project at a working session with Vice Chairman of the municipal People’s Committee Le Van Khoa in the city on October 25.

The group will work with local relevant agencies to install solar panels on the roofs of multi-story buildings, which is expected to generate 110 MWP of power, according to a research in 2013.

The installation of solar panels will also help generate jobs and profits, a representative of the group said, adding that the project will enable Vietnamese businesses to expand this model.

Khoa said HCM City is particularly keen on developing solar energy, which has been defined in the city’s electricity development planning scheme in 2015-2020 approved by the Ministry of Industry and Trade. It also conforms to the national renewable energy development strategy through 2030, with a vision towards 2050.

The WB project is hoped to help the city realise its target of having renewable energy making up over 1.74 percent of the total energy consumption by 2020, he said.

The municipal People Committee will set up a working group in the near future to cooperate with the WB research group, he noted.