EU reinforces support for Vietnam's Just Energy Transition with €430 million package
Vietnam, Oct. 9 -- Commissioner Sikela met with the deputy Prime Minister of Vietnam, Bui Thanh S?n during the Global Gateway Forum. In the margins of the meeting, the European Commission and other Team Europe actors announced a comprehensive €430 million package to advance the Bac Ai Pumped Hydro Storage Project, a flagship investment under Vietnam's Just Energy Transition Partnership (JETP).The Just Energy Transition Partnership, co-led by the EU and the United Kingdom, aims to accelerate the shift towards a greener, more resilient energy future in Vietnam. The Bac Ai Pumped Hydro Storage Project will provide essential flexibility and stability to Vietnam's power system, facilitating the large-scale integration of renewable energy a...
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