Authorities of the southern province of Dong Nai and a delegation from the Jeollanam province in the Republic of Korea (RoK) on September 5 signed a cooperation agreement on energy industry.

Vice chairman of the Dong Nai People’s Committee Nguyen Hoa Hiep (right)
signs cooperation agreement with Jeollanam province's deputy governor
Yoon Byung Tae. (Photo: baodongnai.com.vn) 

Under the agreement, the two sides will coordinate the development of new renewable energy, smart grids, information on energy and energy technology, and energy efficiency.

Jeollanam will help Dong Nai training experts and workers while cooperating in electrical energy projects and new energy industries.

According to Vice Chairman of the provincial People’’s Committee Nguyen Hoa Hiep, the RoK is leading the countries and territories investing in Dong Nai with 395 projects and total registered capital of about 6.3 billion USD.

RoK firms mainly invest in textiles, footwear, textile fibers, machinery, iron and steel products, and electronics.

Hiep also noted that Dong Nai is a province with a developed industry, so the demand for power is very huge. In 2019, the province is expected to consume about 14 billion kWh. Therefore, the development of renewable energy sources, new energy as well as deployment of smart electricity grid is essential.

Jeollanam’s deputy governor Yoon Byung Tae assessed that Dong Nai has large renewable energy resources, with many industrial parks suitable for developing new, renewable and intelligent power networks.

Jeollanam is the largest place for researching and applying renewable energy in RoK, he added.

At the signing ceremony, the Korea Electric Power Research Institute also signed a contract with Taekwang Vina Industrial Joint Stock Company (located in Bien Hoa 2 Industrial Park) to implement the micro-grid project. This project will help the company save a lot of electricity consumption in use and production.