Benefits of Joining the VREC

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• The Vietnamese Prime Minister has asked for an Energy Efficient & Renewable Energy solution. It is not being forced upon the government. Hence they are supportive of the VREC initiative.

• No one renewable industry sector or company could provide a 40GW solution for the Vietnamese Government. However a consortium of Renewable Energy Companies could put up a meaningful Energy Plan for The Prime Minister to consider.

• Vietnam has great, solar, wind, tidal, hydro, biomass, geo-thermal, etc, potential.

• WCCC, the Administrator of the VREC, has been headquartered in Vietnam for 12 years. It has strong relationships within the business & government sectors of the Vietnamese economy.

• The cost for a single, or even small group of Renewable Energy Companies to develop a 40Gw Renewable Energy Plan for Vietnam would cost millions of dollars in outlays & negotiations, without any surety of winning the contract. The VREC offers a very low cost way for small, medium & large sized renewable energy companies to submit a joint Renewable Energy Plan; while making money from installing smaller renewable energy generating systems in Provinces.

• The VREC is constantly initiating new Energy Efficient, Renewable Energy, Water Purification & Desalination Projects in Vietnam.

• The VREC drafts & submits Pre-feasibility Studies to potential Climate Change Funders for grants to undertake Project Feasibility Studies of Renewable Energy.

• Only VREC Members can bid to undertake Project Feasibility Studies which the VREC has gain a grant for.

• Only VREC Members can bid to undertake a Project which the VREC has completed a Feasibility Study on.

• VREC can represent Industry Members at government meetings they are unable to attend.

• VREC can make project presentations on behalf of Industry Members to Provisional Governments.

• VREC can negotiate & obtain MOU’s on behalf of Industry Members :between themselves & Provisional Governments.

• VREC can open doors to many new streams of finance for RE projects.

• The WCCC has extensive experience in finding funding for Climate Change Projects in Developing Countries.

• Vietnam has a population of 95 million, the highest GDP growth rate of all of Asia, & import tariffs that will be reduced to near ‘ZERO’% by 2017, surely making it one of the most attractive global locations for international RE companies.

• VREC will gain considerable Tax incentives for each RE project.

• VREC can provide members with local access to Vietnam Market research & government policy