Central Vietnam province Binh Dinh seeks $59.3 mln investment for waste-to-energy plant

The south-central province of Binh Dinh is calling for a VND1.5 trillion ($59.3 million) investment in the Long My solid waste treatment plant, a major project utilizing waste-to-energy technology.

Local authorities emphasized that the investment will cover construction costs, while the government will provide clean land and build necessary infrastructure up to the project's boundary.

The plant will incorporate cutting-edge technology and new equipment to eliminate odors and dust, and not require waste sorting.

The provincial People’s Committee has already granted in-principle approval for the 10-hectare project, which aims to tackle both household and potential industrial waste. It will not only generate electricity but also significantly reduce landfill use and improve environmental quality.

Located in the Long My solid waste treatment zone in Quy Nhon town, the plant is designed to process 500 tons of solid waste and generate 15 MW of electricity per day. It is set to serve Quy Nhon town, An Nhon township, Tuy Phuoc district, and part of Van Canh district.

The committee anticipated that the volume of waste will grow in the coming years, in line with the province’s waste management plan through 2025, with a vision to 2050.

Under the plan, the waste treatment service fee will be capped at VND430,000 ($17) per ton, covering VAT and secondary waste disposal costs. This fee will remain fixed for the first three years of operation, after which it will be adjusted every two years.

The project is set to run for 30 years, with construction expected to take no more than two years after selecting an investor. However, in November 2024, the people's committee of Quy Nhon town announced the cancellation of the tender and suspension of the investor selection process due to legal stipulations under Government Decree No. 115. This decree requires that if no applications are received by August 1, 2024, the tender must be canceled.

Despite this setback, the project continued to attract interest, with three investors submitting bids on August 9, 2024, according to Quy Nhon authorities.