Attending the signing ceremony were Mr. Tran Dinh Nhan – President and CEO of EVN; Mr. Nguyen Tai Anh – Vice President of EVN and Mr. Toshiro Kudama - Senior CEO of JERA Japan.
EVN’s President and CEO Tran Dinh Nhan and JERA’s Senior CEO Toshiro Kudama signs Memorandum of Understanding
At COP26, Vietnam has been committed to achieving carbon neutrality by 2050. This target poses enormous challenges to the Vietnamese energy industry, especially the power industry, while ensuring energy security, stably supplying electricity to serve socio-economic development, and realizing commitments to reduce CO2 emissions and minimize the environmental impacts of power generation activities.
According to Master Plan VIII, by 2045, despite the increasing proportion of renewable energy capacity (including hydropower) in the total capacity mix and after 2030 no more coal power plants being built, but over 30GW of coal-fired power in operation and over 39GW of LNG power plants are envisaged by 2030.
In the above context, EVN’s President and CEO Tran Dinh Nhan said that EVN needs to have solutions to reduce CO2 emissions for the existing coal-fired power plants, through improving efficiency; converting to using biomass fuel, ammonia co-firing, considering the applicability of carbon capture and storage technologies being used in developed countries to Vietnam. However, Vietnam's current technology, experience and financial resources are still quite limited, so it is important to maximize opportunities for technology transfer and financial support from such developed countries as Japan, especially in the field of decarbonization technologies.
The leader of EVN hopes that JERA will keep on supporting the sustainable development of Vietnam's electricity industry in the new context, while promoting the long-term cooperation relationship between the two parties.
In the coming period, EVN and JERA will coordinate to develop an action plan to implement specific cooperation activities, including: building a decarbonization roadmap for coal-fired power plants; an overall decarbonization roadmap for EVN; researching and applying decarbonization technologies, ammonia and hydrogen co-firing technologies for EVN's existing coal-fired power plants, etc.