Jera eyes gas-power projects in Vietnam
Japan’s Jera on March 1 said its Vietnamese subsidiary has started operations and will look to develop gas-to-power and renewable projects in the southeast Asian nation.
Jera Energy Vietnam will be responsible for furthering the LNG-to-power projects in the country that are now under consideration, as well for exploring options for new projects, including those in renewable energy, the company said.
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Vietnam faces challenges due to economic growth such as rising demand for electricity, the depletion of domestic resources, and how to address energy decarbonisation, Jera said.
“Gas-fired power generation—which emits less CO2 than power generation using other fossil fuels—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.
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.