VEF 2019: “Need to involve the private sector at the table to work on more effective Power Purchase Agreement” said Mr. John R., Head of VBF Power & Energy Working Group on 16-17 January

    The Vietnam Economic Forum (VEF), organised by the Central Economic Commission and some co-organised units, opened on January 16-17, 2019 in Hanoi. The event included a plenary session and high-level policy dialogue, and three thematic workshops on the financing and governance of infrastructure development; climate change adaptation and energy security for sustainable development; and opportunities and challenges for Vietnam’s digital economy in the context of Industry 4.0. At the panel discussion on Climate Change and Energy Security: Challenges and Opportunities for Vietnam” moderated by Former US Foreign Secretary Mr. John Kerry, Mr. John Rockhold – Head of VBF Power & Energy Working Group said: “It needs to attract more private investment on clean energy rather than rely on the aid. The aim is to attract around 8 billion USD per year into energy sector but we are unable to attract that money in reality”. He also added that the main complaint of investors is about Power Purchase Agreement and that there should be involvement of private sector (banks, investors, developers,…) in the discussion on an effective PPA mechanism.

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