South Korea-based SGC Energy, has partnered with PECC1 to convert existing thermal-fired power plants into biomass across Vietnam. While PECC1 will be responsible for feasibility studies, SGC will oversee the operation and management of the sustainable energy plants. Additionally, SGC eTEC E&C will be responsible for procurement and construction of the facilities.

This move will support the Government of Vietnam’s plans to phase out coal-fired power plants, which currently accounts for nearly 40 per cent of the country’s total installed capacity. Only 25 per cent of the total energy generation is from renewable sources.