National Assembly Chairman Vuong Dinh Hue receives Enterprize Energy Group during his official visit to the UK

During his official visit to the United Kingdom, National Assembly Chairman Vuong Dinh Hue meets with Enterprize Energy Group.

Continuing the official visit to the UK, Chairman of the National Assembly Vuong Dinh Hue and a high-ranking delegation of the National Assembly of Vietnam met Mr. Ian Hatton, Chairman of the Board of Directors and the Board of Directors of Group Enterprize Energy UK, on the morning of June 29.

Mr. Lan Hatton, Chairman of the Board of Directors and the Board of Directors of Enterprize Energy Group of Britain, and Chairman of the National Assembly Vuong Dinh Hue were received by Mr. Lan Hatton and members of the high-ranking Vietnamese delegation. The Board of Directors recommends increasing cooperation, research, and technology transfer in the field of renewable energy.

Specifically, the President of the National Assembly suggested that this corporation focus on research cooperation and the transfer of wind power storage skills, as this is a challenge for many countries, including Vietnam, or such as building a renewable energy in Vietnam.

The National Assembly Chairman praised the Group’s investment in the Asian oil and gas sector, encouraging the Group to continue using the high-quality and competitive-priced oil and gas services provided by the Vietnam National Oil and Gas Group.

Regarding the deployment of offshore wind power projects in Binh Thuan province, the National Assembly Chairman suggested that the Group coordinate with Vietnamese ministries and branches to continue researching and implementing under the Prime Minister’s direction.

On this occasion, the Chairwoman of the National Assembly stated that Vietnam has a roadmap in place to increase the proportion of renewable electricity such as wind power and solar power in Vietnam’s total energy supply, thereby contributing to the implementation of Vietnam’s regional commitments. At COP26, the Group is proposed to transfer research and new technologies in the field of renewable energy; thus, we expect the corporation to actively participate in promoting this ecosystem.

The National Assembly Speaker welcomed Enterprize Enegy, and other British investors in general, to strengthen trade and investment relations in Vietnam in accordance with the UK-Vietnam Free Trade Agreement signed by both parties.

However, according to the Chairman of the National Assembly, the UK’s FDI in Vietnam is still insufficient, amounting to approximately $4 billion USD, and it ranks 15th among countries and territories investing in Vietnam.

After exchanging information with the Chairman of the National Assembly of Vietnam and representatives from the Ministries of Industry and Trade, Planning and Investment, and Binh Thuan province, the President of Enterprize Enegy Group stated that the Group is currently implementing a power project. Thang Long Wind offshore wind has a capacity of 3.4 GW and a total investment of approximately 11.9 billion USD, as does the Thang Long Wind 2 Hydrogen Production Project in Binh Thuan province.

These are projects that will help Vietnam join the ranks of Asia’s leading countries in this field, resulting in a breakthrough for the Vietnamese economy.

Around the issues that concern business leaders, the National Assembly Chairwoman added, the National Assembly of Vietnam has recently promulgated the electricity master plan 8.

Resolution passed at the most recent June meeting requiring the government to complete the overall national electricity planning, including electricity planning 8, this year.

Concerning the participation of domestic and foreign private investors in grid investment, the National Assembly used a law earlier this year to amend 9 laws, including a partial amendment to the electricity sector law, welcoming corporations to participate in the project. Invest in a 500KV line with specific specifications.

The National Assembly Chairman suggested that the group continue to collaborate with the Ministry of Industry and Trade before submitting it to the Government for consideration and decision; emphasizing that the National Assembly is also reviewing comprehensive amendments to the electricity law in the coming years, looking forward to seeing wind power parks in Vietnam that are as beautiful and as large as wind power parks around the world.

For his part, the President of Enterprize Enegy Group stated that he had completed the consultation process with nearly 450 fishing households to agree on the compensation policy and that he will sign a memorandum of understanding this afternoon to support fishermen in changing farming and fishing methods during project construction and operation.

On this occasion, the leaders of the Enterprize Enegy Group also requested that the President of the National Assembly and the Government of Vietnam consider and approve the group’s investment in 270 kilometers of 500KV transmission line in order to release the capacity of the Thang Long Wind wind power project. The Group is also anticipating the outcome of the national electricity development planning (Power Plan 8) process.

The President of the Enterprize Enegy Group expressed gratitude to Chairman of the National Assembly Vuong Dinh Hue for listening to and responding to the Group’s proposals and wishes; and expressed confidence that the Group will successfully implement all projects in Vietnam, particularly in assisting Vietnam to fulfill its commitments at COP26.

He confirmed that the group is willing to share renewable energy technology with Vietnam.

Thang Long Wind is a pioneer in offshore wind power projects in Vietnam, with PECC3 serving as the project’s primary domestic consultant.

Source: Nhan Dan newspaper