On March 14, 2015, the LCEE Project Mission Team had a meeting with the Provincial Department of Industry & Trade  and the representatives of the banks located in Can Tho. Can Tho is one of 10 key provinces in focus, identified by LCEE Project as a concentration of many food processing businesses. The Project mission team was welcome by Mr. Duong Nghia Hiep, Deputy Director of Department of Industry and Trade, cum Director of Can Tho Energy Conservation Center.

Meeting of the LCEE Project Mission Team  with the Department of Industry and Trade and the bank representatives.

At the meeting, Mr. Reddy Amanarth, the Senior Advisor of the project expressed the need to cooperate with the local authorities, representatives of the Bank in the province to implement the LCEE Project. The LCEE Project is steered towards Can Tho based SMEs in the food processing industry, for supporting these enterprises to better implement the energy-saving activities. 

Ms. Nguyen Thi Ngoc Lan, a Project Officer explained the financial mechanism initiated by the Project for the banking representatives. Accordingly, the project provides financial support to businesses which are experiencing difficulty in borrowing for investment in energy-saving activities. The interest rates of these loans shall be directly negotiated between the enterprises and the banks.

Representatives from the locally-based banks show their concerns  in the LCEE project

800 hours to be counted after the would-be project deployment, a group of independent evaluators will assess the results of the project implementation, and they will also measure the saved energy gained by the enterprises. Depending on the results of energy savings, the project will propose a payout of 10-30% of the due loan value. The loan between the bank and the enterprise shall be thus redeemed with rewards as direct deductions.

The Bank representatives expressed their concern and promised to continue to cooperate actively with LCEE Project. It is recognized that this is a mutually beneficial cooperation for both sides.

LCEE Project Mission Team in discussion with representatives of the Can Tho Department of Industry and Trade 

The Missions Project Team hopes that Can Tho Energy Conservation Center and the banks located in the province would continue to support LCEE project for the best access to the local enterprises, so as to develop and implement the investment activities in energy savings.

On April 3, 2015, the LCEE Project organizes a workshop on the Green Investment Facility for food processing enterprises in Can Tho.

Do Trong Tan