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Thursday, Aug. 16, 2012

Hanoi signs on to waste power generation project


HANOI — Hitachi Zosen Corp. signed a deal Tuesday to start a demonstration project in Hanoi for power generation using industrial waste.

The Japanese company signed the agreement with Urban Environment Co., a Hanoi-based waste treatment company known as Urenco.

The project is aimed at reducing the amount of industrial waste to one-twentieth by 2014 and generating electricity for some 4,500 households.

A broad agreement on the project was signed in July between Japan's New Energy and Industrial Technology Development Organization, or NEDO, and the city government of Hanoi.

This is the first overseas industrial waste power generation project involving NEDO.

Under the project, an incinerator will be constructed near Hanoi to handle 75 tons per day of rubber, leather and cloth emitted from shoe and clothing factories.

The project costs ¥2.35 billion, of which ¥1.6 billion will be funded by NEDO, ¥180 million by Hitachi Zosen and ¥570 million by the city of Hanoi.

Industry minister Yukio Edano attended the signing ceremony.

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The Japan Times

Article 3 of 13 in Business news

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