Ho Chi Minh City-based BNVITEK Ltd. Company last month proposed to the municipal People’s Committee a project on developing a 20-ha factory in the city to turn 4,000 tons of waste into 100 MW daily.
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A waste-to-energy plant with an investment of 2.5 trillion VND is expected to be built at Dinh Vu waste treatment area (Photo: vneconomy.vn) |
Under the project, the company will sell carbon credits from collecting methane during its operation, contributing to realizing the Net Zero goal by 2050.
In mid-July , BCG Energy, a member of conglomerate Bamboo Capital, kicked off construction on Tam Sinh Nghia waste-to-energy plant project in the city’s Cu Chi district after years of delays.
The plant, with an investment for the first phase reaching 6.4 trillion VND (254.5 million USD), is designed to treat 2,000-2,600 tons of waste each day.
Meanwhile, the municipal People’s Committee also granted an investment license to Vietstar Company to build a 2,000-ton waste-to-energy plant.
Moreover, the Ho Chi Minh City Urban Environment Ltd., Co. and the Refrigeration Electrical Engineering Corporation have announced their interest in investing in waste treatment projects with respective capacity of 1,000 tons of waste and 2,000 tons.
In Dong Nai province, which borders HCM city, domestic and foreign investors have also proposed developing waste-to-energy projects. They include Ecotech Vietnam Technology Investment and Trading Joint Stock Company and Le Delta Joint Stock Company.
In the first half of this year, the provincial leaders received two investors from Taiwan and Germany who came to seek investment opportunities in waste-to-energy development.
Willy Andreas Kirsch, Chairman of Germany’s Asia New Generation, said that his company plans to invest 40 million USD in invest in a plant capable of burning 400 tons of waste daily in its first phase. The capacity is expected to raise to 1,000 tons per day in the next phase.
Source: VNA