The project is funded by the Ministry of Economy, Trade and Industry of Japan (METI) and implemented by the Marubeni Consortium, which consists of Nippon Koei Energy Solutions, Marubeni Corporation, and Sumitomo Corporation. The project aims to develop a comprehensive roadmap for CO₂ emission reduction across Vietnam’s power sector through the application of carbon mitigation technologies for existing thermal power plants.

EVN meets with representatives of Marubeni Consortium during workshop on morning of September 18

The workshop gathered experts representing the Marubeni Consortium.

On the EVN side, Vice President Mr. Nguyen Tai Anh and representatives of relevant departments and units participated in the session.

During the workshop, the Marubeni Consortium presented the results of its feasibility study on decarbonization solutions in power generation. These include co-firing technologies using hydrogen, ammonia, and biomass, development of clean fuel supply chains, and the application of carbon capture, utilization, and storage (CCS/CCUS) technologies.

The consulting team also introduced site-specific research conducted at three representative thermal power plants in Vietnam: Nghi Son 1, Van Phong 1, and O Mon 2 - each reflecting different conditions in terms of fuel type, generation capacity, and operational timeframe. The study analyzed both the opportunities and technical challenges, as well as investment and operational costs, and the environmental impacts associated with adopting decarbonization solutions.

Speaking at the workshop, EVN Vice President Nguyen Tai Anh highly appreciated the proactive collaboration of the Marubeni Group under the signed Memorandum of Understanding (MoU) between the two sides. Based on the preliminary findings presented, EVN leadership requested that the study closely align with Vietnam’s Net Zero target by 2050 and further clarify the technical and financial feasibility of applying emission-reduction solutions to existing thermal power plants in the context of energy transition.

In addition, EVN emphasized the importance of recommending appropriate mechanisms and policies to ensure the study could serve as a practical reference for the Government and relevant ministries, helping to remove bottlenecks and facilitate implementation of greenhouse gas reduction programs by EVN and other enterprises.

EVN expressed strong confidence that, with continued support from METI and experienced Japanese partners, the project would form a solid foundation for realizing Vietnam’s green growth goals and contribute positively to global climate action efforts.

EVN and the Marubeni Consortium agreed to continue discussions and refine the research report based on the feedback provided during the workshop. The updated findings will be presented at a final workshop scheduled to take place later this year or early next year.

Translator: Hoàng Duy Khánh