Tra Vinh to run $43-mln biomass power plant in 2025

By Tri Duc
Wed, October 26, 2022 | 3:27 pm GMT+7

Tra Vinh authorities have approved in principle a 25-megawatt biomass power plant worth VND1,066 billion ($43 million) in the Mekong Delta province, for commercial operation in the first quarter of 2025.

The power plant, covering 11 hectares of land and 0.6 hectares of water surface in Luu Nghiep Anh commune, Tra Cu district, is set to commence construction in the second quarter of next year. The project implementation is three years from the in-principle approval date and its lifespan is 49 years.

The project will be deployed by four companies, namely Ho Chi Minh City-headquartered Power Engineering Consulting JSC 2 (PECC2), Tra Vinh-based HCG Tra Vinh Energy JSC, Son My Renewable Energy JSC in Binh Thuan, and Ninh Thuan Agriculture & Renewable Energy JSC in Ninh Thuan province.

A biomass power plant. Photo courtesy of Vietnam Clean Energy Association.

A biomass power plant. Photo courtesy of Vietnam Clean Energy Association.

Tra Vinh province is now home to the 3,178-MW Duyen Hai thermal power center and five wind power plants already connected to the national grid totaling 320 MW in capacity.

Hau Giang Bioenergy JSC (HBE) and Power Engineering Consulting JSC 2. on October 11 signed an EPC contract and an operation and maintenance (O&M) term sheet to build the Hau Giang Biomass Energy project, set to become Vietnam's biggest rice husk-to-power plant.

Located in the Mekong Delta province of Hau Giang, the 10-hectare, 20-MW plant project will use rice husks as fuel and is set to start commercial operation in 2024.

Private multi-sector group An Viet Phat, a pioneer in Vietnam’s clean energy field, has proposed to develop a VND8.5 trillion ($372 million) biomass power plant in the central province of Ha Tinh. The 112-MW project, with a lifespan of 50 years, will cover 30 hectares in Ky Anh district.

Comments (0)
  • Read More
Shaping a waterway into a key shipping channel: Viconship gets dredging nod

Shaping a waterway into a key shipping channel: Viconship gets dredging nod

A major dredging project will allow safer ship navigation and increased cargo transportation capacity on the Hai Phong shipping channel, thereby enhancing competitiveness of Vinconship’s port system, says the company.

Companies - Mon, November 18, 2024 | 7:08 pm GMT+7

Former assistant to State President appointed general director of state-owned financial firm HFIC

Former assistant to State President appointed general director of state-owned financial firm HFIC

Truong Tuan Anh, an official at the State President Office and former assistant to a state president, has been appointed general director of Ho Chi Minh City Finance and Investment Stated-owned Company (HFIC).

Companies - Mon, November 18, 2024 | 5:35 pm GMT+7

MBBank’s takeover of weak OceanBank to have limited impact on its credit profile: Fitch

MBBank’s takeover of weak OceanBank to have limited impact on its credit profile: Fitch

Military Commercial Joint Stock Bank's (MBBank) takeover of Ocean Commercial Bank Limited (OceanBank) will have limited financial impact on the former’s credit profile, Fitch Ratings said Monday.

Banking - Mon, November 18, 2024 | 5:06 pm GMT+7

Win-win philosophy indispensable for sustainable growth: Bamboo Capital founder

Win-win philosophy indispensable for sustainable growth: Bamboo Capital founder

A win-win cooperation strategy is not just desirable, but a necessary condition for sustainable development, says Nguyen Ho Nam, founder of Vietnam’s private conglomerate Bamboo Capital Group.

Bamboo Capital - Mon, November 18, 2024 | 4:46 pm GMT+7

Vietnam central bank resumes selling gold after 1-month hiatus

Vietnam central bank resumes selling gold after 1-month hiatus

The State Bank of Vietnam (SBV), the country's central bank, on Monday announced that it will reactivate the sale of SJC-branded gold bars to meet market demand.

Banking - Mon, November 18, 2024 | 4:02 pm GMT+7

Vietnam 2nd biggest market of Thai giant Central Retail in Jan-Sept

Vietnam 2nd biggest market of Thai giant Central Retail in Jan-Sept

Thailand’s leading retailer Central Retail earned a revenue of THB37.99 billion ($1.09 billion) in Vietnam in the first nine months of this year, up 0.9% year-on-year.

Companies - Mon, November 18, 2024 | 4:00 pm GMT+7

Singapore firm to invest in $19.7 mln garment factory in central Vietnam

Singapore firm to invest in $19.7 mln garment factory in central Vietnam

Singaporean-based HGQ ASIA Pte., Ltd will pour nearly VND500 billion ($19.7 million) into building a garment factory in the south-central province of Binh Dinh.

Industries - Mon, November 18, 2024 | 2:23 pm GMT+7

IP developer KBC to raise $236 mln to restructure debts, augment capital

IP developer KBC to raise $236 mln to restructure debts, augment capital

Kinhbac City Development Holding Corporation (KBC), a leading industrial real estate developer in Vietnam, will offer 250 million shares to 11 investors for more than $6,000 trillion ($236.4 million) to restructure its debts.

Companies - Mon, November 18, 2024 | 2:17 pm GMT+7

Vietnam's chemical giant Vinachem targets $500 mln trade turnover with Brazil in 2030

Vietnam's chemical giant Vinachem targets $500 mln trade turnover with Brazil in 2030

Vietnam’s state-run chemical group Vinachem and Brazil’s major trading firm Oceanside One Trading LLC say they will strive to boost their bilateral trade to $500 million in 2030.

Companies - Mon, November 18, 2024 | 12:32 pm GMT+7

Vietnam may welcome more FDI from US allies in Trump 2.0: broker

Vietnam may welcome more FDI from US allies in Trump 2.0: broker

More companies from U.S. allies and elsewhere may move more production facilities to Vietnam in the second term of Donald Trump as U.S. President, given the expected intensification of U.S-China trade tension, according to KB Securities Vietnam (KBSV).

Economy - Mon, November 18, 2024 | 12:19 pm GMT+7

Vietnam PM asks Brazil's aerospace giant Embraer to help with air logistics development

Vietnam PM asks Brazil's aerospace giant Embraer to help with air logistics development

Vietnam seeks to build an air logistics center and plans to collaborate with Brazil’s aerospace giant Embraer for the task, says Prime Minister Pham Minh Chinh.

Companies - Mon, November 18, 2024 | 10:45 am GMT+7

Singapore-domiciled TAEL Two Partners struggles to divest from Vietnam taxi operator Vinasun at loss

Singapore-domiciled TAEL Two Partners struggles to divest from Vietnam taxi operator Vinasun at loss

Singapore-headquartered fund TAEL Two Partners has planned to divest entirely from Vietnamese taxi operator Vinasun at a heavy loss after more than a decade of investment.

Finance - Mon, November 18, 2024 | 10:19 am GMT+7

Vietnam's opportunity in a shifting global EVs market

Vietnam's opportunity in a shifting global EVs market

The global electric vehicle boom presents numerous opportunities for Vietnam's economy, supported by leading technology suppliers like Bühler Group.

Companies - Mon, November 18, 2024 | 10:00 am GMT+7

Vietnam, Brazil elevate bilateral ties to strategic partnership

Vietnam, Brazil elevate bilateral ties to strategic partnership

Vietnam and Brazil issued a joint statement on elevating their bilateral relations to a Strategic Partnership in Rio de Janeiro on Sunday (local time) on the occasion of Prime Minister Pham Minh Chinh’s ongoing trip to the Latin American nation to attend the G20 Summit and join bilateral activities.

Politics - Mon, November 18, 2024 | 8:11 am GMT+7

The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment

The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment

A seminar themed “Removing legal bottlenecks for infrastructure and property investment” will be organized by The Investor in Hanoi on Tuesday.

Economy - Mon, November 18, 2024 | 7:52 am GMT+7

State-owned housing developer HUD has new chairman

State-owned housing developer HUD has new chairman

Dau Minh Thanh, chief of the Ministry of Construction (MoC) Office, has been appointed chairman of the ministry’s Housing and Urban Development Corporation (HUD).

Companies - Sun, November 17, 2024 | 9:34 pm GMT+7