Japanese firm to build biomass power plant in Yen Bai
Chairman of the Yen Bai provincial People's Committee Tran Huy Tuan presented a decision approving investment policy for the Yen Bai 1 biomass power plant project to Representative Director and President of Erex Co. Ltd Honna Hitoshi in Tokyo on May 8.
At a ceremony to grant investment approval decision to Erex (Photo: VNA) |
The official stressed that the project matches the local socio-economic development plan and the national green growth strategy. It will also contribute to the realisation of the Government's commitment to achieving net-zero emissions by 2050. Notably, it is the first electricity project in Yen Bai to receive approval since the adoption of Vietnam's Power Development Plan VIII in 2023.
He also affirmed Yen Bai's commitment to supporting Erex throughout the project lifecycle, underlining the importance of harmonising interests and sharing risks to ensure mutual benefit for both sides.
Hitoshi, for his part, said the plant will be built on an area of around 10ha in the Bac Van Yen industrial cluster, with a total estimated capital of 100-120 million USD.
Scheduled for operation in early 2027, it will generate 50MW of electricity, with around 45MW supplied to the national grid. It is expected to use nearly 500,000 tonnes of wood scraps and by-products as fuel annually, he added.
This milestone heralded Erex's second foray into the realm of biomass power development in Vietnam. Its first plant, boasting a capacity of 20 MW, is now under construction in the Mekong Delta province of Hau Giang and slated for operation later this year.
A representative further revealed the company's expansion plan of generating over 1,000MW of biomass power across 18 locations in Vietnam.
See also
Delegation from EU, Netherlands explore investment opportunities in Thai Nguyen
07:10 | 18/05/2024 FDI
Vietnam should not miss opportunities to attract FDI
08:00 | 14/05/2024 FDI
New wave of Chinese investment
06:00 | 12/05/2024 FDI
Vietnam attractive destination for Dubai enterprises: Forum
09:04 | 11/05/2024 FDI
See more news
Foreign, domestic investment in Ba Ria - Vung Tau rises sharply
09:22 | 07/05/2024 FDI
Thai Binh province rolls out red carpet for Dutch businesses
10:45 | 30/04/2024 FDI
Vietnam facilitates US investment
06:00 | 27/04/2024 FDI
Lao Cai province calls for more Japanese investments
08:43 | 25/04/2024 FDI
Central Highlands provinces seek closer trade, investment ties with India
09:15 | 18/04/2024 FDI
Vietnam ready to ride US investment wave
06:27 | 15/04/2024 FDI
Government listens to partners, investors
06:00 | 13/04/2024 FDI
French businesses interested in Vietnamese market
14:50 | 08/04/2024 FDI
German businesses to expand presence in Vietnam
16:59 | 05/04/2024 FDI
Hanoi’s development investment increases by 8.5% year on year
08:14 | 04/04/2024 FDI
Hà Nội calls for investments in six urban areas projects
10:00 | 20/05/2024 Economy
Vietnam, France look to boost economic partnership
09:40 | 20/05/2024 Vietnam and EU
Central bank to inspect gold trading activities
09:17 | 20/05/2024 Finance-Banking
Northern provinces need greater cooperation across industrial and trade sectors
08:22 | 20/05/2024 News and Events
VEPR forecasts Vietnamese economy growth at below 6 percent
08:00 | 20/05/2024 Economy
Multimedia
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism
The Anam Cam Ranh named among Vietnam’s best family hotels
06:00 | 11/05/2024 Vietnamese Brands
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
Tax, land rent payment deadlines to be extended this year
06:00 | 19/05/2024 Policy
Ministry proposes tax filing deadline extension for 2024
06:00 | 17/05/2024 Policy
Viet Nam targets to have 2 million enterprises by 2030
07:00 | 15/05/2024 Policy
Law on Telecommunications hoped to promote development of new telecoms services
06:00 | 13/05/2024 Policy
Vietnamese steel affirms position in world market
07:00 | 20/05/2024 Industry
Concerted efforts to reduce manufacturing inventory
06:00 | 20/05/2024 Industry
Energy giants plan for national power plan
06:00 | 18/05/2024 Energy
Vietnam charts vision for sustainable, modern fisheries
06:00 | 16/05/2024 Industry
Delegation from EU, Netherlands explore investment opportunities in Thai Nguyen
07:10 | 18/05/2024 FDI
Desk established in Dong Nai to support Japanese investors
09:02 | 16/05/2024 Investment
Vietnam should not miss opportunities to attract FDI
08:00 | 14/05/2024 FDI
New wave of Chinese investment
06:00 | 12/05/2024 FDI
Central bank to inspect gold trading activities
09:17 | 20/05/2024 Finance-Banking
Banks raise interest rates to attract depositors
16:47 | 17/05/2024 Finance-Banking
Credit access obstacles lifted for collective economic entities
06:00 | 16/05/2024 Finance-Banking
Government urged to narrow domestic, global gold price gap
08:36 | 15/05/2024 Finance-Banking
First provincial biodiversity museum launched in Quảng Nam
06:00 | 19/05/2024 Environment
Enhancing informal sector’s role in EPR implementation
06:00 | 18/05/2024 Environment
Centre opened to serve environmental data integration, monitoring network operation
06:00 | 16/05/2024 Environment
Capacity building for policy makers, large emitters on ETS and carbon market
08:48 | 15/05/2024 Environment
Semiconductor investment prioritized
06:29 | 17/05/2024 Science - Technology
Full cyber stream ahead Bắc Giang focuses on digital society development
06:00 | 11/05/2024 Science - Technology
35 localities piloting four-wheel EVs for tourists, despite no official legal regulations
07:00 | 09/05/2024 Science - Technology
2024 VinFuture Prize records 1,469 nominations
06:00 | 07/05/2024 Science - Technology
Government tightens vessel control to fight IUU fishing
07:00 | 20/05/2024 Society
HCM City to complete 183km of metro routes by 2035
06:00 | 17/05/2024 Society
Railway sector gets creative to attract passengers
07:00 | 15/05/2024 Society
Việt Nam’s largest high-speed ship service from HCM City to Côn Đảo launched
07:00 | 14/05/2024 Society
Vietnamese agricultural products to take part in Foodservice Australia 2024
15:08 | 17/05/2024 Vietnamese Brands
PV GAS launches Month of Workers
10:22 | 16/05/2024 Companies
National Brand Program promotes prestigious Vietnam
13:09 | 15/05/2024 Vietnamese Brands
Largest made-in-Vietnam bulk carrier launched
17:07 | 13/05/2024 Vietnamese Brands
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
European Literary Days focuses on gender
06:00 | 09/05/2024 Lifestyle
Tourism sector goes green for sustainable development
08:22 | 19/05/2024 Tourism
Vietnamese tourism information centre opened in India
08:00 | 18/05/2024 Tourism
Mysterious 'floating' lake discovered in Quảng Bình
16:54 | 13/05/2024 Tourism
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism