At the meeting of the JETP Secretariat with international partners on July 8 in Hanoi, Mr. Quach Quang Dong - Deputy Director of the Department of Innovation, Green Transformation and Public Investment (Ministry of Industry and Trade) - said that the coordination process between the Standing Agency of the JETP Secretariat, ministries, branches and IPG has achieved some important initial results.
For the first 8 projects identified within the JETP framework, the US side has withdrawn 1 project, currently there are 7 projects with a total estimated capital demand of 1,522.6 million USD.
Of which, 3 projects have committed to credit and financial support from partners:
Binh Duong - Dong Nai 500kV transmission line project: EVN NPT signed a credit agreement worth 67 million Euros with the French Development Agency (AFD).
Bac A tich cuc hydropower plant (1,200 MW): EVN and AFD signed a memorandum of understanding on cooperation to provide 480 million Euros in loans and 10 million Euros in technical assistance.
Expanding Tri An Hydropower Plant (200 MW): a loan worth 65 million Euros, not guaranteed by the Government.
The remaining 04 projects are being reviewed by relevant parties for capital and technical difficulties.
At the same time, the Department of Innovation, Green Transformation and Public Upgrade, together with the Department of Electricity, IPG and the Glasgow Financial Alliance for the goal of net zero emissions (GFANZ), reviewed 25 more project proposals (17 investment projects, 8 technical assistance projects). As a result, 17 proposals with a total mobilized capital of about 5,516.43 million USD are considered suitable for implementation within the JETP framework.
Of these, 10 investment projects account for the majority of capital (about 5,499.64 million USD), the rest are 7 technical assistance projects with an estimated capital of 16.79 million USD.
Thus, up to now, a total of 24 projects have been identified as eligible for JETP. Of which, 3 projects have achieved credit commitments and financial cooperation.
In the coming time, IPG will continue to coordinate with the JETP Secretariat and supporting agencies to screen and supplement the project portfolio. In particular, priority is given to projects in accordance with the Plan to implement the National Power Development Plan for the period 2021-2030, with a vision to 2050, issued by the Ministry of Industry and Trade on May 30, 2025.
