South Korea’s Dohwa Eyes $400 Million Biomass Power Plant in Vietnam

Tuan Minh

07:00 04/07/2016

BizLIVE - South Korea’s Dohwa is gearing up a plant to build a $400-million biomass power plant in central Vietnam.

South Korea’s Dohwa Eyes $400 Million Biomass Power Plant in Vietnam

A biomass energy plant of Thanh Thanh Cong Group in Tay Ninh province. (Photo: ttcsugar.com.vn)

South Korea’s Dohwa Engineering Company Limited has secured a go-ahead from authorities of Vietnam’s central province of Quang Binh to conduct a pre-feasibility study on developing a biomass energy plant at a cost of $400 million, local media reported.  
The 100-megawatt plant, which will produce electricity from plant-based materials, is expected to have its construction kicked off in 2018 and come into operation in early 2020.
Once in place, the plant will use 500,000 tons of waste, such as twigs, shoots, roots, and leaves, per year.
This is the second investment that the South Korean firm will make in the province.
In early 2016, Quang Binh authorities granted a license for Dohwa to build an energy tablet manufacturing factory with an investment of $11 million in the province’s Hon La Industrial Park.

TUAN MINH

Từ khóa: quang binh