USAID launches USD 36M V-LEEP II project

US ambassador Marc Knapper, Vietnam’s vice minister of industry and trade Dang Hoang An and the US Agency for International Development (USAID) mission director Ann Marie Yastishock launched USAID’s USD 36M, flagship clean energy project.

The project, called the Vietnam Low Emission Energy Program II (V-LEEP II), builds on the success of V-LEEP I. Under V-LEEP I, USAID worked with the ministry of industry and trade (MOIT) on the development of its Eighth National Power Development Plan and the design of the Direct Power Purchase Agreement (DPPA) pilot programme.

V-LEEP II will continue its work with MOIT to increase clean energy deployment, through mobilisation of private sector investment, project design support for developers, and technical assistance for lenders. The new project aims to support 2,000 megawatts of renewable energy commissioned between 2020 and 2025 through private sector engagement. Through the project, USAID and the government of Vietnam will also continue collaboration to improve energy planning and operations practices to enhance energy sector performance.

Through V-LEEP I and V-LEEP II, USAID supports the government of Vietnam in designing and implementing a strategic plan to guide Vietnam on energy generation and transmission to meet energy needs

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