An exchange ceremony regarding this MOU was held between the Company and Lào Cai Province at the Vietnam Tourism Investment Conference held in Tokyo on April 23, 2024.
In Southeast Asian countries, electric power demands are increasing due to economic growth, and energy imports are increasing, and on the other hand, there is a need to respond to de-carbonization.
Under these circumstances, the Company is engaged in energy development projects, including "construction of biomass power plants in Vietnam", "development of biomass fuels in Vietnam and other Southeast Asian countries", and "fuel conversion by biomass co-firing at coal-fired power plants", based on the Company's biomass power generation business, which allows both de-carbonization and domestic procurement of energy resources.
In Southeast Asian countries, where there is a wealth of unused biomass resources, there is ample room for the introduction of renewable energy, and the Company believes that the experience it has cultivated to date can be utilized. Furthermore, the Company believes that the biomass business will not only increase the ratio of renewable energy in Southeast Asian countries, but also will contribute to job creation.
The Company will contribute to the realization of low-cost and speedy de-carbonization while ensuring a stable supply of energy, taking into account the unique circumstances of Asian countries.
Towards the realization of "Zero Emissions 2050", the Company will contribute to global de-carbonization and solving energy issues by working to build and expand biomass businesses in collaboration with leading domestic and overseas companies.
