Announced details
Biomass co-firing at existing coal-fired power plants in Vietnam, decarbonisation and improved energy self-sufficiency
Achieved a 20% wood-chip co-firing ratio at Na Duong Power Plant and a 30% wood-pellet co-firing ratio at Cao Ngan Power Plant. At Cao Ngan Power Plant, CO₂ emissions can be reduced by up to 30%.
Co-firing tests conducted at 2 existing coal-fired power plants in 2025–2026 (2 power plants in total)
In September 2022, the parties signed a memorandum concerning biomass co-firing and related matters, and jointly conducted co-firing tests at 2 power plants in 2025–2026. They have now signed an MOU aimed at commercialisation.
Headquartered in Hanoi, Vietnam. General Director & CEO: Bùi Minh Tân. A subsidiary of Vietnam National Coal and Mineral Industries Group (Vinacomin), Vietnam's state-owned coal mining group. It owns or invests in existing coal-fired power plants.
Na Duong Power Plant and Cao Ngan Power Plant (Vietnam)
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
Agency for Natural Resources and Energy, Ministry of Economy, Trade and Industry, “FY2025 Subsidy Program for Supporting Decarbonisation and Energy Transition Technologies in Resource-Rich Countries”
| Item | Details |
|---|---|
| Names of Products / Services Covered | Biomass co-firing business at existing coal-fired power plants |
| Counterparty | Vinacomin Power Holding |
| Counterparty overview | Headquartered in Hanoi, Vietnam. General Director & CEO: Bùi Minh Tân. A subsidiary of Vietnam National Coal and Mineral Industries Group (Vinacomin), Vietnam's state-owned coal mining group. It owns or invests in existing coal-fired power plants. |
| Relationship with the Company | In September 2022, the parties signed a memorandum concerning biomass co-firing and related matters, and jointly conducted co-firing tests at 2 power plants in 2025–2026. They have now signed an MOU aimed at commercialisation. |
| Contract Date | 16 April 2026 (MOU signing date) |
| Launch date | Targeted to commence in FY2026 (planned) |
| Applicable area | Biomass co-firing at existing coal-fired power plants in Vietnam, decarbonisation and improved energy self-sufficiency |
| Location | Na Duong Power Plant and Cao Ngan Power Plant (Vietnam) |
| Location scale | Na Duong Power Plant: 1 of 2 units rated at 55 MW each; Cao Ngan Power Plant: 1 of 2 units rated at 57.5 MW each |
| Quantitative Effects | Achieved a 20% wood-chip co-firing ratio at Na Duong Power Plant and a 30% wood-pellet co-firing ratio at Cao Ngan Power Plant. At Cao Ngan Power Plant, CO₂ emissions can be reduced by up to 30%. |
| Usage history | Co-firing tests conducted at 2 existing coal-fired power plants in 2025–2026 (2 power plants in total) |
| Source | Agency for Natural Resources and Energy, Ministry of Economy, Trade and Industry, “FY2025 Subsidy Program for Supporting Decarbonisation and Energy Transition Technologies in Resource-Rich Countries” |
Items this document does not state (6)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The parties determined that there is sufficient potential to commercialise co-firing using biomass resources sourced in Vietnam after achieving positive results in co-firing tests conducted at the Na Duong and Cao Ngan power plants. The initiative also aims to contribute to decarbonisation in Vietnam and improve the country's energy self-sufficiency.