Japan’s Jera , a 50-50 joint venture between TEPCO Fuel & Power and Chubu Electric Power , has announced that its Vietnamese subsidiary has started operations and will look to develop both gas-fired power plants and renewable projects in Vietnam.
Jera Energy Vietnam will be responsible for furthering LNG-to-power projects in the country that are now under consideration, as well as exploring options for new projects, including those in renewable energy. Jera said that Vietnam faces challenges due to economic growth such as rising demand for electricity, the depletion of domestic resources, and how to address energy decarbonisation. It said: “Gas-fired power generation – which emits less CO2 than coal-fired – can be a flexible supplement to intermittent renewable energy and is expected to be an indispensable energy source for furthering the energy transition.”
Jera said it has positioned Vietnam as a priority country and is considering the development of several power projects that will contribute to both decarbonisation and to a stable supply of energy that supports economic growth.