Ho Chi Minh City’s Department of Natural Resources and Environment, Department of Industry and Trade and the United States Agency for International Development (USAID) jointly organised a conference on technology and finance for waste-to-energy projects on April 11.
Le Van Tam, Deputy Director of the Vietnam Institute of Tropical Technology and Environmental Protection, said that Vietnam currently has about 20 waste-to-power projects. However, only three factories have been put into operation.
Policy-relating barriers make it difficult for waste-to-power plant projects to attract investors due to their low efficiency. These projects run at only about 20-25% efficiency, which is much worse than investment in thermal power plants (from 40 – 42%). Meanwhile, the investment cost of a waste-to-power plant is very large and it takes 10-20 years to get the investment back.