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Dissemination of Risk Sharing Facility to key energy usage enterprises in Thai Nguyen

10:58 - 16/10/2023

vsuee

On October 14, 2023, a conference on the dissemination of energy efficiency and conservation legal regulations took place at the Department of Industry and Trade of Thai Nguyen province.

The conference on the dissemination of energy efficiency and conservation legal regulations took place at the Department of Industry and Trade in Thai Nguyen. 50 key energy usage enterprises (mainly in the iron and steel industries) in the local area attended the event. Information shared during the workshop included:
1. The dissemination of laws and related regulations in the energy efficiency and conservation field.
2. Introduction to greenhouse gas auditing and sharing typical cases of energy efficiency and conservation usage in the industry.
3. Introduction to digital transformation, the application of digital transformation in energy management generally, and the electricity sector particularly.
During the conference, a representative from the Saigon - Hanoi Commercial Joint Stock Bank (SHB) introduced the Risk Sharing Facility (RSF) as part of the "Vietnam Scaling up Energy Efficiency" (VSUEE) project to key energy usage enterprises in Thai Nguyen.
 Mr. Tran Thanh Tu, RSF's Management Board, representing SHB Bank, introduced the VSUEE Project and shared various policies and financial support directions to enhance capital access for the bank's energy efficiency projects.
The Green Climate Fund (GCF) is providing assistance amounting to 78 million USD, with 3 million USD allocated for managing the RSF by the Ministry of Industry and Trade and 75 million USD managed by the World Bank to provide partial credit risk guarantees to financial institutions participating in projects that provide energy efficient investments for industrial enterprises and energy service companies (ESCOs).
Participating in the VSUEE project, industrial enterprises and ESCOs will benefit in various ways, including:
1. Facilitated access to medium/long-term funding from financial institutions within the project framework.
2. Technical and environmental advice from the Ministry of Industry and Trade and the World Bank to ensure efficient project implementation.
3. Improved operational efficiency and business performance through the use of energy efficient practices.
4. Brand promotion on the World Bank and Ministry of Industry and Trade websites.
5. Certificates of participation in energy-saving projects.
6. Enhanced credibility with domestic credit institutions and increased international market recognition.
Project Management Board.

Participating Financial Institutions