Japan-headed power utility and retailer eREX Co. Ltd has announced that it has signed a Memorandum of Understanding (MoU) with Vinacomin Power Holdings, a group company of Vietnam National Coal - Mineral Industries Corp. Ltd (Vinacomin), to consider the transition of coal-fired power plants owned or invested in by Vinacomin Power in Vietnam to biomass fuel co-firing and single fuel firing, and the construction of new biomass power plants.
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Vinacomin is a major state-owned enterprise in Vietnam, and Vinacomin Power operates thermal and hydroelectric power plants and manages and operates other investment projects related to power plant construction, power supply systems, power generation, power transmission and distribution, power trading, and power construction.
Develop co-firing for emissions reduction
In order to contribute to the stabilization of the electricity supply and the achievement of carbon dioxide (CO2) reduction targets in Vietnam, eREX has concluded an MoU with Vinacomin Power regarding the consideration of transition of existing coal-fired power plants owned or invested in by Vinacomin Power to biomass fuel co-firing or single-fuel firing, and construction of new biomass power plants and other facilities.
In Vietnam, where coal and other fossil fuels account for a large proportion of power generation in the country’s power supply mix and unutilized biomass resources are abundant, eREX believes that there is much room for the introduction of renewable energy and that it can leverage its accumulated experience.
Use locally sourced biomass
In addition, eREX believes that power generation using locally grown and harvested biomass fuels will contribute to the creation of employment as well as increase the ratio of renewable energy in Vietnam.
The Company will contribute to the realization of low-cost and speedy decarbonization while ensuring a stable energy supply, taking into full consideration the unique circumstances of the country of Vietnam.
Through this MoU, Vinacomin Power and eREX intend to realize biomass co-firing technology for existing coal-fired power plants and contribute to institutional proposals for biomass co-firing in Vietnam, stabilization of electric power supply in Vietnam, and achievement of the country’s CO2 reduction targets.
eREX is “convinced that these activities will surely create values such as the promotion of carbon neutrality, stable supply of electric power, improvement of energy self-sufficiency, and creation of employment in Vietnam.”
