Smart grid firm Trilliant signed a contract with EVN HCMC, a unit of EVN, the largest power company in Vietnam, for a smart grid project.
The announcement was made following the contract signing ceremony in Ho Chi Minh City, which was attended by Tran Khiem Tuan, Deputy General Director of EVN HCMC, Chief of Staff Clark Jennings and Regional Manager Mark Dunn from the U.S. Trade Development Agency (USTDA), and Trilliant.
According to a study by Zpryme, with a growing GDP, the demand for electricity in Vietnam is expected to grow by 15-17 percent per year. To meet this demand, EVN has undertaken an smart grid pilot project in Ho Chi Minh City to demonstrate the application of smart grid platform technology to help deliver energy efficiency to offset some of the demand growth, while improving reliability and operational benefits to customers.
The long-term goal is also to leverage smart grid technologies to empower consumers to conserve energy, integrate more renewable energy sources and reduce greenhouse gas emissions to enable the country to continue on its economic growth path more sustainably.
As a testament to the strategic importance of the energy sector to the country's socio-economic development, the World Bank has recently approved $500 million funding to work with the Government of Vietnam to improve the capacity, efficiency and reliability of electric infrastructure in areas that are key to the country's economic development.
In addition to using the funding to improve the country's transmission infrastructure, the project will support smart grid technologies for monitoring, control and protecting critical assets to improve reliability and reduce outages.