On November 26, HCM City held a forum to seek investment for these projects, attracting more than 40 local and foreign investors.
Around 8,700 tonnes of rubbish from household activities are discharged daily in HCM City
At the event, Nguyen Toan Thang, director of the municipal Department of Natural Resources and Environment, said that 8,700 tonnes of rubbish from household activities were discharged daily in the city.
The city’s solid waste per capita is forecast to reach 1.3 kilos daily by 2025 compared to the current 1 kilo. Meanwhile, the majority of these are buried. So, it is an urgent need for the city to change the waste treatment technology to avoid problems.
Associate Prof. Dr. Phung Chi Sy from the department said that burying rubbish is a waste of land and affects water resources. Incineration technology has been more widely in many countries and it is a better method for HCM City.
At the forum, Nguyen Toan Thang, director of the HCM City Department of Natural Resources and Environment, announced a range of special incentives for investors in waste-to-energy technology, including the land rental exemption for 11 years.
The city will also support investors in prices of electricity produced from waste treatment. Investors will be also offered with preferential interests for loans to carry out their projects. They will be also exempted from imported equipment for the project implementation.
According to city party secretary Nguyen Thien Nhan, HCM City wants to become a smart city so it is necessary to select smart waste treatment technologies. The city wants up to 80% of its waste to be incinerated to produce electricity by 2025.
