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Ho Chi Minh City offers financial support to solar power producers

Ho Chi Minh City offers financial support to solar power producers

Friday, November 13, 2015, 16:01 GMT+7

A pilot program dedicated to electricity generation by using solar energy is being carried out in Ho Chi Minh City, under which participants will be provided by the local government with US$0.09 for every kilowatt they produce.   

This program is implemented by the Department of Science and Technology as a step in the building of a mechanism on assistance to households, businesses, and agencies that invest in the production of electricity from solar energy.

Accordingly, participants in the pilot program will be assisted in installing their solar energy systems and connecting them with the public power lines, in addition to VND2,000 ($0.09) in support for every kilowatt of power produced.

Ten households and six businesses have joined the program from September 1 up to now. 

The financial support is small but it is significant in encouraging everybody to generate and use this kind of green energy, said Huynh Kim Tuoc, director of the Ho Chi Minh City Energy Saving Center.

This trial program will form a basis for agencies concerned to make policies to spur the development of green energy, including solar, wind and biomass power, Tuoc said.

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