JERA to Cooperate with Vietnam Electricity(“EVN”) in Development of a Decarbonization Roadmap2023/10/06

JERA Co., Inc.(“JERA”) has signed a memorandum of understanding (“MOU”) with Vietnam Electricity ("EVN") committing the collaboration to establish a decarbonization roadmap for EVN.

Vietnam's electricity demand is expected to continue to increase in line with its economic growth, which both securing a stable energy supply and decarbonization are nationwide challenges. Also, along with expanding the introduction of renewable energy, the government of Vietnam has announced a policy to promote the conversion to ammonia and hydrogen in thermal power generation. As Vietnam is one of the important countries in business strategy, JERA, JERA Asia, business development hub for a whole Asia region, and JERA Energy Vietnam, business base in Vietnam, are jointly exploring the solution to achieve both a stable energy supply and decarbonization to support Vietnam’s economic development.
EVN is the largest power producer in Vietnam, owning approximately 40% of the whole country's power generation capacity, which includes its subsidiaries’ facilities. JERA expect that collaboration with EVN will contribute to the decarbonization of the country's power sector in Vietnam.

The MOU stipulates that JERA and EVN will share information and promote discussions toward the decarbonization of the country's power sector. We will work together to establish a roadmap for the decarbonization of EVN's entire business, including the thermal power sector, and to explore the introduction of ammonia and hydrogen to EVN's thermal power plants.

Under the JERA Zero Emissions 2050 initiative, JERA is taking on the challenge of achieving zero CO2 emissions from its domestic and overseas operations as of 2050. We aim to achieve zero emissions through the formulation of roadmaps that are optimal for each country and region. By formulating the company's decarbonization roadmap while taking into full consideration the unique circumstances of Vietnam, JERA will contribute to the strong growth and development of Vietnam and the world.

Outline of EVN
Company name: Vietnam Electricity
Location: Hanoi
Representative: Tran Dinh Nhan (President and CEO)