Today, the rising international oil prices and the political unrest of the Middle East are threatening the world economy, and each country is entering into keen competition for resources to cope with the rapidly changing energy environment.
Administrative Unit is a commercial bank (Techcombank), contracted by MoI to administer subproject energy audit and investment bonus grants to qualifying project agents and proponents. The AU is responsible for reviewing and approving applications for GEF sub-grant funds to program participants under specified criteria and using clear, auditable financial procedures to enable MoI to disburse these sub-grants. AU will also monitor the implementation of the sub-grants to ensure proper and effective use of grant fund.
The Ministry of Industry of Vietnam has adopted a pilot Commercial Energy Efficiency Program (CEEP) to promote and develop a market for efficiency activities, especially among creditworthy commercial and industrial organizations and their facilities.
An FSP is a provider of a loan, lease or other form of financial service (to either a Project Proponent or a Project Agent) which is used as capital for financing an EE Project
