IFC provides US$30 million for waste-to-energy plant in Vietnam
The plant is expected to begin operations in 2024 and will incinerate 500 tons of municipal and industrial solid waste every day.
The plant is expected to begin operations in 2024 and will incinerate 500 tons of municipal and industrial solid waste every day.
Vietnam said it will develop no new coal-fired power projects in its national power development plan by 2030.
The deal enables the companies to be in line with Vietnam’s efforts to increase renewable capacity for sustainable development.
When the waste-to-energy plant is in service, it will help Hanoi reduce pollution from waste.
The project will make an important contribution to the city’s garbage treatment.
USAID commits an additional $36 million over the next five years.
Vietnam continues to push for a green growth policy by reducing coal-based power generation and increasing the share of renewables in the total primary energy supply, Vietnam’s President has said.
Vietnam gives high priority to promoting renewable energy during its transition process to a low-carbon economy.