Vietnam expects partners to assist in boosting renewable energy and energy transition

Prime Minister Pham Minh Chinh received Mr. Jormsup Lochaya, Chairman of Super Energy Group of Thailand - Photo:VGP/Nhat Bac

On the afternoon of April 13, Prime Minister Pham Minh Chinh received Mr. Jormsup Lochaya, Chairman of Super Energy Group of Thailand.

At the meeting, Mr. Jormsup Lochaya highly appreciated the investment and business environment with a large market from the network of free trade agreements, as well as the great potential of Vietnam in the fields of renewable energy, electricity, wind and solar power.

The Chairman of Super Energy Group thanked for the support from the Government, ministries and localities of Vietnam; affirming the Group's vision and long-term investment commitment to contribute more to the socio-economic development of Vietnam.

Mr. Jormsup Lochaya reported on operations, proposed new investment projects of the Group in Vietnam, introduced investment capacity in the field of waste-to-energy, including the idea of ​​developing a food processing industrial park in the Mekong Delta and a plan to invest in a hydrogen plant in Bac Lieu.

Prime Minister Pham Minh Chinh highly appreciated Super Energy's effective business investment activities, especially for the renewable energy projects in the central and southern provinces.

Currently, Vietnam is developing the National Electricity Development Plan 2021-2030 with a vision to 2045, in which promoting the development of renewable energy sources, such as wind power, solar power, biomass power, solar power and hydrogen at a reasonable price. Vietnam has also made strong commitments on emissions reduction and climate change response at COP26 and participated in the establishment of the Equitable Energy Transition Partnership (JETP).

The Prime Minister emphasized that the electricity development must take into account five factors: Power source, electricity load, electricity distribution, electricity use and electricity price in accordance with the conditions of the economy and people's income.

Vietnam hopes that partners will continue to share experiences and information, support capital sources, train human resources, perfect mechanisms and policies, improve governance capacity, research and apply technology to promote the development of renewable energy, energy transition to ensure fairness and justice.

The Prime Minister affirmed that Vietnam always welcome and create favorable conditions for foreign investors, including Thai investors to do business and succeed in Vietnam.

The Prime Minister welcomed Super Energy Group's need to invest in the hydrogen energy market in Vietnam, as well as its interest in investing in the field of waste-to-energy and food processing industrial park. The relevant ministries, sectors and localities in Vietnam will support the corporation in finding information, studying the feasibility, looking for investment opportunities as well as guiding the implementation of the provisions of the law in order to develop launch specific projects.

The Prime Minister affirmed that Vietnam always welcome and create favorable conditions for foreign investors, including Thai investors to do business and succeed in Vietnam in the spirit of "Harmonious interests, shared risks" among the state, people, and businesses, "said to do, committed to perform, bringing concrete and measurable effects".

Super Energy Group was established in Thailand in 1994, is investing in many energy projects in Thailand and some countries in the region. In Vietnam, the Group has stepped up investment in the energy sector with a total investment of about 2 billion USD, of which 10 projects have been commercially operated (capacity of 887MW), 4 projects are in the stage of development (Capacity of 421 MW).