Energy Capital Vietnam (ECV) has signed three memorandums of understanding (MOUs) with the Port of Los Angeles (POLA) and the Hai Phong City People’s Committee for the development of the Nam Do Son General Port Project in Hai Phong City. The project is estimated to cost around USD5 billion.
Kinh Bac City Development Holding Corporation and Saigontel, ECV and POLA will jointly study the commercial potential, environmental conditions, and investment environment. Moreover, the consortium will conduct research and analysis on emissions reduction opportunities, technology, and roadmaps for developing zero-emission renewable energy sources, storage technology, and carbon capture technology.
The consortium will also promote emissions reductions in transportation and eliminate greenhouse gas emissions (GHG) in the construction materials production field. Additionally, it will also develop policies and implement plans to reduce emissions and attract green finance from investors and multinational corporations.