World Bank aids Vietnam’s transition to a solar auction program
The Global Infrastructure Facility’s (GIF) Governing Council has approved $1.5m in funding to support the World Bank’s work with the government of Vietnam on a Solar Pilot Auction Program.
The GIF, working with the World Bank’s Energy Global Practice, will help the government to design and structure the Auction Program to transition from a feed-in tariff regime to a sustainable competitive auction scheme for solar generation.
The program will address Vietnam’s increased demand for energy and promote inclusive growth by strengthening the enabling environment for the private sector.
“We are working closely with the government to bring more private resources to the energy sector where the needs are huge and urgent,” said Ousmane Dione, World Bank country director for Vietnam.
