HCMC – Authorities in the northern province of Phu Tho have awarded an investment certificate to develop a biomass power plant in Phong Chau Town of Phu Ninh District.
The project with a generation output of 40MW or about 330 million kWh a year is invested by the Vietnam Hi-tech Biomass Joint Stock Co., the Vietnam News Agency reports.
The project will use rice straws, corn stalks and other bio materials as feedstock for the power plant, which helps reduce environment pollution. The news agency reports that the project will use modern technologies from G8 countries.
The project needs some VND1.16 trillion in investment capital.
Ho Dai Dung, deputy director of the provincial Department of Planning and Investment, said that the project would be operational in 2013 and create nearly 3,500 jobs for locals.
Besides, the project will help farmers of the province to earn more from agricultural organic wastes and other garbage in rural areas.
According to experts, the use of such materials as fuel is not only environmentally friendly as it releases less CO2 when burnt than fossil fuels do, but also helps bring stable income to farmers in the country.
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