As a part of the International Climate Initiative (IKI)’s project, a hybrid consultation meeting on “Development of refinancing mechanism for bioenergy projects in Viet Nam” took place on June 27. The event aimed to develop proposals for a funding mechanism, financial solutions and lending criteria for biomass power plant projects in the country, which should be aligned with the nation’s renewable energy funding criteria and contribute to its pledges at COP26.
At the consultation, guest speakers presented bioenergy potential in the country and in Hau Giang province and shared experience of a domestic financial institution in recycling capital for bioenergy projects.
A group of international consultants provided foreign experience on capital recycling mechanisms and financial sources for such projects while the national team revealed their research findings on the current status and proposed capital recycling mechanisms for those projects in Viet Nam. They then made suggestions for domestic financial institutions to actively seek external funding sources for bioenergy projects.
The consultation was attended by government officials from the Ministry of Industry and Trade, representatives from banks/ financial institutions, investors, technical assistance agencies and network of energy experts from international organisations, as well as domestic and foreign associations and enterprises.
After the event, the BEM project will continue working with the consulting teams to finalise the portfolio of project assessment documents for the country’s bioenergy projects. This portfolio will be shared with domestic financial institutions for reference and usage during assessment phase.
BEM is funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). GIZ and the Electricity and Renewable Energy Authority (EREA) are jointly implementing the project.
Date
27 June 2023
Location
Ha Noi and Hybrid
Contact Person
Nathan Moore
