Japanese investors keen on coal power projects
Wednesday, July 23,2014
AsemconnectVietnam - Many big Japanese companies are interested in BOT coal-fired power projects in Vietnam, reported Hiroshi Watanabe, governor of the Japan Bank for International Cooperation (Jbic).
Watanabe made the statement at the second Vietnamese-Japanese high-level dialogue on boosting public-private partnership projects on July 16, which was co-chaired by him and deputy minister of Planning and Investment Dao Quang Thu.
According to the National Master Plan for Power Development for the 2011-2020 period, Vietnam’s electricity demand is forecasted to grow by 8.1-8.7 per cent per year, with 2020 demand at 330-362 billion kWh and 2030 demand at 695-834 billion kWh.
The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) has forecasted that Vietnam may have to start importing coal before 2020 because domestic output will not be able to meet plants’ demands.
Source: Intellasia
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