Malaysian firm to build 20 biomass power plants in Vietnam
Malaysia's company, CHE Group, is collaborating with Hau Giang Power
Plant Joint Stock of Vietnam to undertake the construction of 20 biomass
power plants worth 600 million USD in Vietnam, according to Bernama.
Malaysia's company, CHE Group, is collaborating with Hau Giang Power
Plant Joint Stock of Vietnam to undertake the construction of 20 biomass
power plants worth 600 million USD in Vietnam, according to Bernama.
CHE Group Managing Director K.K. Chang said the 20 biomass power plants will use rice husks as its "fuel", with each of the power plants able to produce 10 megawatt of electricity.
As planned, engineering work for the first power plant will start by end of this year and the construction of all 20 biomass power plants will be completed in five years.
Chang said Vietnam 's Hau Giang province will be the host for the first biomass power plant while the other power plants will be spread out in six provinces throughout the country.
"This is the first of its kind power plant to be located in Vietnam and one of its unique features is the ability to produce non-hazardous high quality ash," Chang said, adding that the equipments and machinery for the power plants will be manufactured and supplied by CHE's factories in Malaysia .
CHE partnered European technology companies, Torftech Ltd from the United Kingdom and Germany 's ERK Eckrohrkessel GMBH, to design a state-of-the-art system, utilising risk husks as fuel to generate electricity.
CHE and Torftech has also formed a joint-venture company, TORCHE Energy Sdn Bhd, to be the main contractor for the Vietnam project, he said.-VNA
CHE Group Managing Director K.K. Chang said the 20 biomass power plants will use rice husks as its "fuel", with each of the power plants able to produce 10 megawatt of electricity.
As planned, engineering work for the first power plant will start by end of this year and the construction of all 20 biomass power plants will be completed in five years.
Chang said Vietnam 's Hau Giang province will be the host for the first biomass power plant while the other power plants will be spread out in six provinces throughout the country.
"This is the first of its kind power plant to be located in Vietnam and one of its unique features is the ability to produce non-hazardous high quality ash," Chang said, adding that the equipments and machinery for the power plants will be manufactured and supplied by CHE's factories in Malaysia .
CHE partnered European technology companies, Torftech Ltd from the United Kingdom and Germany 's ERK Eckrohrkessel GMBH, to design a state-of-the-art system, utilising risk husks as fuel to generate electricity.
CHE and Torftech has also formed a joint-venture company, TORCHE Energy Sdn Bhd, to be the main contractor for the Vietnam project, he said.-VNA
You should also see
PM visits police command centre, checks cultural centre construction in Phu Tho
Prime Minister Pham Minh Chinh visited the command and control centre of the Phu Tho police and examined the construction of this northern province’s house of culture and arts on April 18.
See more
Business
Localities get ready for fourth FDI boom
As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
Business
HCM City moves towards Net Zero
Ho Chi Minh City is building a project to restructure its industry towards sustainable development in the 2025-2030 period, with a vision to 2050, prioritising the use of high technology and reducing emissions towards net zero emissions by 2050.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
