Fact Sheet: Vietnam Low Emission Energy Program (V-LEEP II)

Speeches Shim

USAID will help Vietnam continue its transition to a clean, secure and market-based energy sector by increasing the deployment of advanced energy systems, improving energy sector performance, and increasing competition in the energy sector.

INCREASE DEPLOYMENT OF ADVANCED ENERGY SYSTEMS

USAID V-LEEP II works with the Government of Vietnam (GVN) to mobilize private sector investment to increase the deployment of advanced energy systems and will support project design for clean energy developers and provide technical assistance to lenders for clean energy investment.

IMPROVE ENERGY SECTOR PERFORMANCE

USAID and GVN work together to improve energy planning and operations practices to enhance energy sector performance. As Vietnam prepares to launch its Eighth National Power Development Plan, USAID V-LEEP II will provide technical assistance for implementation of the plan, as well as support for grid integration and dispatch of variable renewable energy.

INCREASE COMPETITION IN ENERGY SECTOR

In pursuit of a sustainable and market-based energy sector, USAID V-LEEP II will promote transparency in procurement, monitoring, and evaluation of the Direct Power Purchase Agreement Pilot Program and engage in workforce and provincial government capacity building and other similar competitive procurement mechanisms.

PROMOTE INNOVATION, INCUBATION, AND INCLUSION

Recognizing the power of the private sector, USAID V-LEEP II provides grants to support innovative approaches to mobilize private investment in advanced energy systems, facilitate incubation and acceleration programs, and support empowerment for women energy professionals.

EXPECTED RESULTS                          

USAID will contribute to the design, financing, construction and operation of new clean energy resources including: 2,000 megawatts (MW) of renewable energy and 1,000 MW of combined-cycle, gas-fired power plants.

Issuing Country 
Date 
Wednesday, October 21, 2020 - 9:45pm

Last updated: October 22, 2020