return icon Vietnamnet.vn

Japanese firm buys 35.1% stake at Vietnam’s power company

JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1% stake at Vietnam’s Gia Lai Electricity JSC (GEC) to tap the Southeast Asian nation's growing demand for electricity and further its own decarbonisation efforts.
Japanese firm buys 35.1% stake at Vietnam’s power company hinh anh 1
Solar panels of a power plant in Vietnam (Illustrative photo: NA)

JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power, will invest 15 billion JPY (112 million USD) in the Vietnamese renewable energy company, Nikkei Asia reported.

The purchase comes as JERA aims to increase its renewables generation capacity to 5,000 MW by 2025. The stake in GEC will add 190 MW, bringing the company's total renewables capacity to 1,900 MW. JERA will also consider jointly developing solar and onshore wind projects with GEC.

JERA has already participated in renewable energy projects across Asia, including India and Thailand. It has operated a gas-fired power plant in Vietnam since 2005.

GEC owns hydro, solar and wind power plants with a total generation capacity of about 600 MW. It looks to raise this to 1,700 MW by 2025, according to JERA./.
Source: VNA

MORE NEWS

MOET reports teacher shortage, urges recruitment of new staff

Minister of Education and Training Nguyen Kim Son has asked provinces and cities to urgently recruit 27,850 teachers for preschools and general schools to solve the teacher shortage.

Many public servants' salaries not commensurate with assets

Believing that the salaries of many state officials are not commensurate with their assets, voters have asked agencies to examine and supervise asset declarations by officials.

New electricity price system proposed

The Ministry of Industry and Trade (MOIT) is collecting opinions about the new draft electricity prices. For daily household use, there would be five instead of six electricity price levels.

Fixes aim to clear up e-commerce tax

With the fast development of digital commerce in the past few years, an adjusted decree from the Ministry of Finance and a new e-commerce tax portal are expected to facilitate better tax management for e-commerce platforms.

Hanoi sidewalks: More meaningful than just space

Nowhere in the world does the sidewalk offer such bustling social spaces as in Hanoi that contribute in part to Hanoi's culture.

Mum's the one for backpacking fun

Hien Vy, a 36-year-old, is well known in local backpacking groups after recently finishing a 700km tour with her 68-year-old mother.

Village boasts 200 years of fish pot making

Thu Sy village in the Red River Delta province of Hung Yen is famous for its traditional trade of fish pot weaving.

Cafe helps with stray cat adoption in HCM City

Alex Ward and Geneva Marcelino are running cafes that work with local animal rescue shelters to help stray dogs and cats find their new homes.

Vietnam paying more attention to circuit production

Since electronic circuits are being applied in many fields from hi-tech agriculture, smart city infrastructure, to national defense, it is predicted that by 2024, the semiconductor industry in Vietnam will have exceeded the value of US$6.16 billion.

Hanoi looks to develop satellite cities

Hanoi is planning to develop satellite urban areas as part of an effort to widen local space and ease pressure from overcrowding in the inner city.

Film director Tran Van Thuy wins Grand Prize of Bui Xuan Phai Awards

Film director Tran Van Thuy won the Grand Prize of the 15th Bui Xuan Phai – For Love of Hanoi Awards during a ceremony held at the headquarters of the Vietnam News Agency (VNA) in Hanoi on October 6.

Vietnam sends 11 workers to WorldSkills Competition 2022

Eleven Vietnamese workers will participate in the WorldSkills Competition 2022 Special Edition which is being held in Europe and East Asia from September 30 to November 28, according to the Directorate of Vocational Education and Training.

VN underlines respect for territorial integrity in response to Ukraine-Russia conflict

Vietnam closely follows the developments surrounding the Ukraine-Russia conflict, spokesperson for the Ministry of Foreign Affairs Le Thi Thu Hang said during a regular press briefing in Hanoi on October 6.

VIETNAM NEWS HEADLINES OCTOBER 6

HCM City to be next destination of Italian Film Festival 2022

2023 AFF Club Championship schedule, structure announced

The 2023 ASEAN Football Federation (AFF) Club Championship will start on September 27 2023, and end on May 15, 2024, the AFF Competition Committee announced at an online meeting on Monday.
back_to_top