The JBIC leader was speaking at the second high-level bilateral dialogue on boosting Public-Private Partnership projects co-organised by the bank and Vietnam’s Ministry of Planning and Investment (MPI) in Hanoi on July 16.
The Japanese side is in negotiations with the Vietnamese Ministry of Industry and Trade to sign Build-operate-transfer (BOT) contracts for the three projects. The three plants, with respective capacities of 1,200 MW, 1,200 MW and 1,320 MW, are expected to be put into operation between 2018 and 2020.
JBIC encourages coal-fired power plants to use high-efficiency, low emissions and environmental friendly technologies, in addition to clean coal technologies, to reduce emissions of sulfur dioxide, carbon dioxide and ash content during coal energy generation.
From that perspective, JBIC has financed independent power projects including coal-fired power projects in South East Asian countries such as Thailand (with a capacity 8,432 MW), the Philippines (5,431 MW), Singapore (3,300 MW) and Indonesia (5,666 MW).
In Vietnam, thanks to the launch of the national power development plan during the 2011–2030 period, which features an increasingly high proportion of coal-fired power plants in the power structure, investors can now develop their long-term strategies to invest in power projects.
Specifically, the total power capacity of the country is expected to reach 75,000 MW by 2020, with the contribution of coal-fired power projects forecast at 48 percent of the whole. The figure is predicted to increase to 51.6 percent by 2030, equivalent to 146,800 MW.
Source : Nhan Dan online