Smart Grid Project in Vietnam

Smart Grid Project in Vietnam

Village Energy has signed an agreement with EVN CPC

Village Energy has signed an agreement to implement a smart grid project in Vietnam with Vietnam Electricity's (EVN) distribution business, Central Power Corporation (EVN CPC). EVN, a state-owned enterprise that reports directly to the Prime Minister, is the largest buyer of electricity in Vietnam, and holds a monopoly on transmission and distribution. It also owns and operates most of the country's installed power-generation capacity. EVN CPC services around 4.3 million people across 13 provinces and cities in the central region - Central Highlands.

The objective of the 12-month project is to see Village Energy become the preferred technology service provider for smart grid distribution software for EVN CPC. Under the Agreement, an initial project will be implemented across two phases with up to 500 customers enrolling their home appliances in demand management programs. The project also includes the deployment of smart meters and EVN CPC Deputy General Director Le Thi Phuong Cam is keen to understand the effectiveness of the solution as a means of improving the Corporation's smart grid index.

Vietnam Energy Snapshot...
Vietnam is one of Asia’s fastest growing energy markets due to a large population and sharp economic growth coupled with fast declining reserves in its existing oil and gas fields. The Government of Vietnam expects power consumption to grow 10-12 percent annually through 2030, one of the fastest power consumption growth rates in Asia. impact on its energy security. Vietnam is experiencing international pressures to reduce its environmental impact and is seeking to reduce coal-fired thermal power from 34 percent of its power source in 2020 to 27 percent in 2030. Due to the attractive rooftop solar feed-in-tariffs, EVN announced in January 2021 that Vietnam had installed more than 9GW of rooftop solar in 2020, with a majority of it installed in December 2020 alone. This was significantly higher than market expectations.

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