The People’s Committee of Tra Vinh Province, located in Vietnam’s Mekong Delta region, has just issued a decision approving the investment in a VND1.06 trillion (US$42.8 million) biomass power plant project in Tra Cu District.
Le Van Han, the province’s chairman, announced the decision on Wednesday.
The Power Engineering Consulting Joint Stock Company 2, HCG Tra Vinh Energy Joint Stock Company, Son My Renewable Energy Joint Stock Company, and Ninh Thuan Agriculture & Renewable Energy Joint Stock Company will jointly implement the project.
The Tra Vinh biomass power plant project will cover a land area of more than 11 hectares and 0.6 hectares of water surface.
It will apply coal-fired condensated technology with an installed capacity of 25 MW.
The total investment capital of the plant and some ancillary works is over VND1 trillion, of which the investors contribute more than VND213 billion ($8.5 million) while the remaining VND853 billion ($34.3 million) comes in the form of loans taken out from credit institutions.
Construction works are projected to start between the second and third quarters of 2023.
The project is expected to come on stream in the first quarter of 2025, with an operation term of 49 years.
Biomass energy is energy generated or produced by living or once-living organisms, according to National Geographic.
The most common biomass materials used for energy are plants, such as corn and soy.
The energy from these organisms can be burned to create heat or converted into electricity.