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HCM City seeks investors for waste-burning power project

Update: September, 18/2018 - 08:00
HCM City is seeking investors for a waste-burning power project. — VNS File Photo
Viet Nam News

HCM CITY— The HCM City Department of Natural Resources and Environment has submitted a proposal to the city’s People’s Committee seek domestic and foreign investors for a waste-burning power project.

The Ministry of Natural Resources and Environment, Ministry of Planning and Investment, and Ministry of Construction provided the criteria to select investors for the project.

The project would treat 1,000 tonnes of waste per day, and produce 98MW per tonne by 2020, and 138MW per tonne by 2025. The investor would collect US$21 per tonne of waste after treatment.

Under the proposal, the investor must commit to buy all new equipment and machinery, and report serial numbers, product specs and production life of all equipment to the city’s department.

The city will give priority to those investors that have experience in operating electricity generation projects of the same capacity.

The city also will prioritize enterprises that have automation systems meeting the G7 standard, and classification systems for recycling waste before burning.

Priority will also be given to investors committed to training and using local human resources.

To attract investors, the city has offered land rental exemption for 11 years or a 70 per cent discount, import tax exemptions, and facilities support.

Enterprises and investors can submit their reports to the city’s department Natural Resources and Environment from September 28 to October 15.

The city collects 8,700 to 9,300 tonnes of waste per day, according to the HCM City’s Department of Natural Resources and Environment. –VNS

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