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USAID & Coke promote renewable energy and efficiency

Released at: 10:35, 21/10/2016

USAID & Coke promote renewable energy and efficiency

Photo: The US Embassy

MoU signed on developing renewable power systems.

by Hai Van

The United States Agency for International Development (USAID) and Coca-Cola Vietnam signed a memorandum of understanding on October 19 to establish a partnership to increase the use of renewable energy and improve industrial energy efficiency in Vietnam.

The two will work together to develop renewable energy-based power and thermal systems for industry facilities, including those of Coca-Cola Vietnam.

The agreement aims to utilize renewable resources while reducing the use of power from fossil fuels, develop and share successful models of renewable energy adoption and energy efficiency practices from Coca-Cola Vietnam and its industry partners, and improve capacity and skills in clean energy development among energy management specialists and practitioners in small and medium-sized industrial enterprises.

“While enjoying rapid growth, Vietnam is experiencing a soaring rate of energy consumption, mainly generated from fossil fuels, and this feeds into the root causes of global climate change,” Ms. Gloria Steele, USAID’s Senior Deputy Assistant Administrator for Asia, said during her visit to Vietnam. “USAID’s assistance aims to encourage clean energy policies and increase market incentives and public-private partnerships that support the adoption of energy efficient and renewable energy technologies in the country.”

“At Coca-Cola Vietnam we are committed to growing our business sustainably,” Mr. Nguyen Van Quyet, Coca-Cola Vietnam Supply Chain Director, told the signing ceremony, “We demonstrate our commitment to reducing the use of fossil fuels through a wide variety of sustainable energy programs, such as using compressed natural gas and biomass in our manufacturing plants and solar energy for water heating.”

He added that their cooperation with USAID will provide an excellent example of a public-private partnership in energy efficiency in Vietnam.

As one of its first activities, USAID will provide technical assistance to help Coca-Cola Vietnam install their first solar photovoltaic system on the rooftop of the Coca-Cola plant in Ho Chi Minh City, supplying at least 20 per cent of the facility’s power needs.

USAID and Coca-Cola Vietnam also work together under the Ha Long-Cat Ba Alliance, in which Coca-Cola Vietnam rolled out the EKOCENTER, its flagship corporate social responsibility program, in Ha Long Bay, to serve the well-being of the local community. The two also work together in the Mekong Vitality project, to strengthen the socioeconomic status and empowerment of 4,900 Vietnamese women in the Mekong Delta’s Vinh Long province by increasing household income and savings, improving financial literacy, and building their confidence and decision-making skills.

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