Business

Japanese firm seeking investment opportunity in biomass power in Binh Phuoc

Japan’s Erex Co Ltd. is considering building a biomass power plant with a capacity of 100-150MW in the southern province of Binh Phuoc, Erex Chairman Honna Hitoshi said on February 22.
Japanese firm seeking investment opportunity in biomass power in Binh Phuoc ảnh 1At the working session (Photo: binhphuoc.gov.vn)
Binh Phuoc (VNA) - Japan’s Erex Co Ltd. isconsidering building a biomass power plant with a capacity of 100-150MW in thesouthern province of Binh Phuoc, Erex Chairman Honna Hitoshi said on February22.

This is one of the 10 biomass power projects with acombined capacity of 1,500MW planned by the firm, Honna told provincialleaders during their meeting in Binh Phuoc.

According to the Chairman, Vietnam and Binh Phuoc inparticular have substantial potential for biomass energy development, which,however, has yet to be fully tapped.

Hitoshi expressed his hope that the plant would helpto create clean energy, cut carbon emissions and bring about economic benefitsto the province.

Nguyen Manh Cuong, Secretary of the provincial Party Committee,said local leaders are interested in biomass power development in order todiversify the electricity supply.

Two enterprises are considering investment in biomasspower in Bu Dang and Bu Gia Map districts with a capacity of around 170MW, he said,noting that Binh Phuoc has suggested the Ministry of Industry and Trade includethe 10MW DIVI Binh Phuoc biomass power plant in the national power development scheme.

Binh Phuoc will create optimal conditions and offerincentives for enterprises to invest in the province, which would be a step forwardin green and renewable energy development in the locality, he stressed.

At the meeting, Chairman of the provincial People’sCommittee Tran Tue Hien and representatives of Erex and T&T Group signed amemorandum of understanding on cooperation investment in biomass energy in BinhPhuoc with a capacity of 100-150MW in the time ahead./.
VNA
#Japan #Erex Co Ltd. #biomass energy #biomass power #Vietnam #VietnamPlus #Vietnam news Binh Phuoc
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