HCM City seeks investors for waste-to-power project hinh anh 1HCM City is seeking investors for a waste-burning power project (File Photo)
HCM City (VNA) – Ho Chi Minh City’s Department of Natural Resources and Environment has submitted a proposal to the municipal People’s Committee on seeking domestic and foreign investors for a waste-to-power project.

The Ministry of Natural Resources and Environment, the Ministry of Planning and Investment, and the Ministry of Construction provided the criteria to select investors for the project.

The project would treat 1,000 tonnes of waste per day, and produce 98MW per tonne by 2020, and 138MW per tonne by 2025. The investor would collect 21 USD per tonne of waste after treatment.

Under the proposal, the investor must commit to buy all new equipment and machinery, and report serial numbers, product specs and production life of all equipment to the municipal Department of Natural Resources and Environment.

The city will give priority to those investors that have experience in operating electricity generation projects of the same capacity.

The city also will prioritize enterprises that have automation systems meeting the G7 standard, and classification systems for recycling waste before burning.

Priority will also be given to investors committed to training and using local human resources.

To attract investors, the city has offered land rental exemption for 11 years or a 70 percent discount, import tax exemptions, and facilities support.

Enterprises and investors can submit their reports to the city’s department Natural Resources and Environment from September 28 to October 15.

The city collects 8,700 to 9,300 tonnes of waste per day, according to the Department of Natural Resources and Environment.-VNA