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to avoid an estimated 300 tons of carbon WIND general of electricity and renewable energy
dioxide emissions, annually. For comparison, Hoang Tien Dung said: “The government
the average monthly household electricity World Bank sets out 10GW of Vietnam is always committed to the
consumption of a four-room public housing development of a sustainable energy sector
in Singapore is around 354 kilowatt hours offshore vision for Vietnam and the timing now is very critical with
(KWh); and it takes an estimated 4,900 trees our national Power Development Plan 8
to sequester 300 tons of carbon dioxide. Vietnam could potentially bring online up to preparation by the Ministry of Trade and
Mr Tan Soo Koong, CEO of SLNG, 10GW of offshore wind by 2030, according to Industry being underway.
said: “SLNG is committed to doing its part recommendations by the World Bank and the “We, therefore, highly appreciate advice
to help fight climate change and promote Danish Energy Agency. and recommendations from Denmark and
environmental sustainability; and the use of The findings were presented by the the World Bank, our long term partners who
solar energy at our Terminal is just a modest organisations to the Vietnamese government have possessed many years of experience and
first step. We are also actively exploring as part of efforts to develop an offshore wind knowledge in renewable energy ahead of us.”
ways to catalyse the use of LNG and other sector. The Danish Energy Agency and the
green energy alternatives. For one, we are The studies are being presented ahead of World Bank Group have made several
looking into collaborations to develop new the release of the new Power Development recommendations including “clear, long-
infrastructure in Singapore to promote the use Plan 8 outlining the pathway for the next 10 term and progressive capacity deployment
of LNG as a cleaner marine fuel. years of power sector development in Vietnam targets” to coordinate policies on government
For another, we are working with various with a vision for 2045. level and give the industry the “needed
partners to develop technologies related to Vietnam has an estimated potential of confidence” to make long-term investments in
the importation, transportation and storage of 160GW of offshore wind capacity within 5 km infrastructure, supply chains and technology.
hydrogen.” and 100 km from shore. They also recommended a “sound legal
“Total Solar DG puts Health, Safety and Consultants from the Danish Energy framework and a financeable power purchase
Environment first. Our projects are built Agency and the World Bank carried out agreement” in line with international practices
and operated with best-in-class techniques assessment of potential and grid transmission to offset market risks.
and processes. We are proud to be trusted capacity, local supply chain capacity, Other recommendations include awarding
by SLNG to implement such a prestigious opportunities and challenges in offshore large-scale demonstration projects to be
project. Total Solar DG has unique experience development, policy and management commissioned in phases in order to kick-start
delivering solar for complex, high-risk experience from countries with advanced the sector.
environments. This comes from Total offshore industry as well as recommendations Meanwhile Vietnam is set to be the
Group’s 100-year experience operating energy for a roadmap to offshore wind power “shining star” in south-east Asia’s race to add
assets across the world. We are pleased to be development. wind power capacity.
SLNG’s partner of choice, to help cut costs The studies will be finalised taking into The country accounts for 66% of new
and carbon emissions, without compromising consideration the opinions and suggestions capacity expected to be added by the end
on safety,” said Mr Gavin Adda, CEO of Total from the conference participants and will be of the decade in Wood Mackenzie’s recent
Solar DG Southeast Asia. submitted to the government of Vietnam in market research.
SINGAPORE LNG the near future.
Ministry of Industry and Trade director

Week 38 23•September•2020 www. NEWSBASE .com P15