Super Energy Group eyes new long-term ventures in Vietnam

Super Energy Group chairman Jormsup Lochaya (left) met with Prime Minister Pham Minh Chinh

At a meeting with Prime Minister Pham Minh Chinh last week, Super Energy Group chairman Jormsup Lochaya proclaimed the group’s vision and long-term investment commitment to contribute more to the socioeconomic development of Vietnam.

At the meeting, he proposed a variety of ideas to fund a waste-to-energy scheme, a food processing park in the Mekong Delta, and also a hydrogen plant in Bac Lieu province.

PM Chinh appreciated Super Energy’s effective business activities in Vietnam, especially for renewable energy projects in the central and southern provinces. He welcomed Super Energy Group’s need to invest in the hydrogen energy market in Vietnam.

The relevant ministries, sectors, and localities in Vietnam will support the seeking of information, studying the feasibility, and looking for investment opportunities as well as guiding implementation of the provisions of the law in order to develop specific projects.

The PM emphasised that the country’s power development must consider the factors of sources, load, distribution, use, and tariff in accordance with the conditions of the economy and local people’s incomes.

Vietnam hopes that foreign investors will continue to share experiences and information, support capital sources, train human resources, perfect mechanisms and policies, improve governance, and apply technology to promote the development of the energy transition, according to PM Chinh.

He declared that Vietnam welcomes and creates stronger conditions for foreign investors, including Thai investors to do business and succeed in Vietnam in the spirit of harmonious interests and shared risks among the government, people, and businesses.

Super Energy Group was established in Thailand in 1994, and has stepped up investment in Vietnam’s energy sector with around $2 billion. Ten projects have been commercially operated and four are in the development stage.

Vietnam is developing the National Power Development Plan for the 2021-2030 period with a vision towards 2045, and expects to promote the development of renewable energy sources, such as wind, solar, biomass, and hydrogen at a reasonable price. Vietnam has also made strong commitments on emissions reduction and climate change response, and it is participating in the Just Energy Transition Partnership.

Super Energy Group powers ahead with expansion Thailand’s Super Energy Group is demonstrating its commitment in the Vietnamese market through expanding investment and its portfolio.