HCM City plans to promote strongly the development of renewable energy over the next decade.
The municipal Department of Industry and Trade has completed a power development plan up to 2015 with a vision to 2020, in which particular focus is given to the wind and solar power generation, as well as generating power from waste processing.
A plant to generate electricity by burning waste will be built in the city’s Southwestern solid waste management complex in Cu Chi District by 2015. The plant will have a capacity of 40MW.
The plan estimates total investment for the city’s power development until 2015 at more than VND20.9 trillion (over US$ 1 billion), in which more than VND1 trillion (nearly $ 52 million) will be spent on developing renewable energy.
The plan aims to keep pace with the city’s power needs as it grows at a rate of 12 per cent in the 2011-15 period and at 11 per cent in the next five years (2016-20).