Jera's Vietnamese unit began operations on March 1.

By Shardul Sharma

Japan’s Jera on March 1 said its Vietnamese subsidiary has started operations and will look to develop gas-fired power and renewable projects in the southeast Asian nation.

Jera Energy Vietnam Co. will be responsible for furthering the LNG-to-power projects in the country that are now under consideration, as well for exploring new projects, including those in renewable energy, the company said.

Vietnam faces challenges due to economic growth such as rising demand for electricity, the depletion of domestic resources, and how to address energy decarbonisation, Jera said.

“Gas-fired power generation—which emits less CO2 than power generation using other fossil fuels—can be a flexible supplement to intermittent renewable energy and is expected to be an indispensable energy source for furthering the energy transition,” Jera said.

Jera said it has positioned Vietnam as a priority country and is considering the development of several power projects that will contribute to both decarbonisation and to a stable supply of energy that supports economic growth.