IFC to help HCMC in waste-to-energy prefeasibility study
The World Bank’s investment arm IFC will assist Ho Chi Minh City authorities to assess the prefeasibility of developing an advanced waste-to-energy facility in the southern economic hub, the body said Wednesday.
The pre-feasibility study is for building a waste-to-energy plant at the operational Northwest Solid Waste Treatment Complex in the form of public-private partnership.
IFC said it expected the construction to be finished by this December 31.
Logo of IFC. Photo courtesy of the institution.
Vietstar JSC, headquartered in Binh Duong province next to HCMC, started work on the first phase of the $400 million waste treatment complex in the outlying district of Cu Chi in August 2019.
In May 2021, the company officially inaugurated the first phase, designed to treat 2,000 tons of solid waste per day to turn out 7,500 tons of organic fertilizer and 300 tons of PE plastic per month.
Phase two will include another waste-to-energy plant, whose pre-feasibility study will be carried out with IFC assistance. The second phase’s capacity has not been made known.
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