A consultation workshop on biomass power investment guidelines for Vietnam was held in Hanoi on August 14, providing information on investment procedures in the field in the country.
A consultation workshop on biomass power investment guidelines forVietnam was held in Hanoi on August 14, providing information oninvestment procedures in the field in the country.
The workshopwas part of the Renewable Energy Support Programme (RESP), which hasbeen carried out in Vietnam by Germany’s development cooperationorganization (GIZ) with support of the German Federal Ministry for theEnvironment, Nature Conservation, Building and Nuclear Safety since2012.
Werner Kossmann, RESP technical advisor said the project’sgoal is to make it easier and less risky for investors to invest in thebiomass energy sector in Vietnam , thus contributing to realisingthe target set forth in the National Power Development Plan No 7 (NPDP7) on power generation from biomass sources.
Earlier, the PrimeMinister issued Decision 24/2014/ND-CP, specifying support mechanisms todevelop biomass power projects in Vietnam .
Accordingly,biomass power projects can enjoy preferential treatments in terms ofinvestment capital, investment credit, export credit and import taxexemption for materials and other goods that make fixed assets for theprojects.
The decision is expected to step up public and private investment in the field.-VNA
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