Japanese energy firm JERA has signed a pact with major power utility firm Vietnam Electricity (EVN) to jointly craft a decarbonisation roadmap for EVN.
As per the agreement, the two parties will impart data and support discussions about the decarbonisation of Vietnam’s power sector, JERA said in a statement. Through the MoU, JERA will particularly focus on prioritising the thermal power sector, introducing ammonia and hydrogen to EVN thermal plants, and achieving zero carbon dioxide emissions on domestic and overseas operations.
It may be noted that EVN is the major producer of electricity in Vietnam, operating 40% of the country’s grid and generation capacity, as well as its subsidiaries.
With the agreement in motion, both EVN and JERA aim for their joint effort to address Vietnam’s growing electricity demand and conversion to thermal power generation.
In its statement it said that the Vietnam’s electricity demand is expected to continue to increase in line with its economic growth, which both securing a stable energy supply and decarbonisation are nationwide challenges. Also, along with expanding the introduction of renewable energy, the government of Vietnam has announced a policy to promote the conversion to ammonia and hydrogen in thermal power generation.
“As Vietnam is one of the important countries in business strategy, JERA, JERA Asia, business development hub for a whole Asia region, and JERA Energy Vietnam, business base in Vietnam, are jointly exploring the solution to achieve both a stable energy supply and decarbonization to support Vietnam’s economic development,” said the note.