Holcim Cement Co Ltd Viet Nam (HVL) announced yesterday it would build a a 6.3 MW power plant utilising waste heat from its Hon Chong Cement Plant in the Cuu Long (Mekong) Delta province of Kien Giang.
Construction of the project in the province's Kien Luong District would start in May 2011 and the plant will come into operation on January 2012, the company said in a press conference.
The power station can produce some 44 million kWh of electricity per year, enough power for the Hon Chong Cement Plant to run for 88 days.
The project could help save 9,000 tonnes of coal or 6,450 tonnes of oil annually, according to HVL's figures.
The company said it was one of the steps being taken to achieve the maximum reduction of CO2 emissions in the company's production process, showcasing its commitment to sustainable development. The project is financially supported by Standard Chartered Bank.
Total investment for the project amounts to US$18 million, including the first package worth $9 million for designing, construction, machinery and construction supervision.
With the power plant at Hon Chong Cement Plant, a project in the framework of the Clean Development Mechanism (CDM), HVL can achieve carbon emission quotas (CERT – Carbon Emission Reduction Target) through the reduction of 25,000 tonnes of CO2 emissions each year.
"The system to re-use of waste heat will help Holcim Group to reduce CO2 emissions by 25 per cent by the end of 2015 as the group has committed.
As of 2010, Global Holcim is proud to have achieved 23 per cent reduction in CO2 emissions," said Gerhard Schutz, Director General of HVL.