PRESS RELEASE: World Bank and GIF Support the Government of Vietnam to Mobilize Private Investment in Solar Pilot Auction Program

Hanoi, December 18, 2019—The Global Infrastructure Facility’s (GIF) Governing Council approved $1.5 million in funding to support the World Bank’s work with the Government of Vietnam on the 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 help to address Vietnam’s increased demand for energy and promote inclusive growth by strengthening the enabling environment for the private sector. Read the press release 

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