Viet Nam Harvests the Benefits of a Wind Farm and Strong Private Sector Partnership
Channel: Asian Development Bank
Date: 2022-05-13

Electricity demand in Viet Nam is expected to grow at 8% annually through to 2030. Meeting this demand will require increasing power generation capacity and developing more renewable sources of energy. Building the infrastructure to generate and transmit the extra energy capacity will require significant amounts of financing and strong collaboration.

ADB arranged and syndicated a $173 million green loan to finance the Lotus Wind Project. It is a milestone project for PC1 Group Joint Stock Company (PC1 Group), one of Viet Nam’s largest renewable power plant developers, and for its partner, RENOVA, Inc. a Japanese renewable energy developer.

The project is expected to generate an average of 422 gigawatt-hours of electricity and avoid an average of 162,430 tons of CO2 emissions annually – helping to diversify Viet Nam’s energy mix and supporting its efforts to meet climate action goals.

00:00 Viet Nam and Lotus Wind Project
00:37 ADB’s role in the development of the wind project
00:48 PC1 Group and its role in the wind project
01:37 Renova, Inc. and its role in the wind project
02:39 Operations and impacts of the Lotus Wind Project
03:00 ADB’s role in catalyzing private financing for the   project

We listen first-hand to the stories of road users in Ulaanbaatar, Mongolia, as they navigate the challenges of their daily commute – from using roads and tricky walkways to taking buses. 

Cameras were pinned on select road users as they take viewers on their journey and share their experiences on how each travel and commute is different for every person. 

The Asian Development Bank used their stories of to design where to build bus shelters, where to put streetlights and footpaths, etc., to make travelling safer and more accessible for all.

Chapters:
00:00 Making transport accessible for all in Ulaanbaatar
01:04 Byambadorj’s visual journey map
02:51 Tserenbadam’s visual journey map
04:05 Improving Transport Services in Ger Area


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