The Tam Sinh Nghia waste-to-energy project is Bamboo Capital Group's (BCG) first since it ventured into the sector. The move follows the acquisition of Tam Sinh Nghia Investment Development JSC by BCG Energy on January 31.

The first phase of the project is valued at of VND6.4 trillion ($252.6 million) and will have the capacity to incinerate 2,000 to 2,600 tonnes of waste per day. The project will have a daily power generation capacity of 60MW per cent, meeting the electricity demand of 100,000 households. It aims to cut 257,000 tonnes of carbon emissions per year.

In the second phase, the facility will boast a daily processing capability of 6,000 tonnes per day with an investment capital of VND7 trillion ($276.3 million). With a daily power generation capacity of 130MW, the project will meet the electricity demand of 220,000 households. Expansions in the third phase could see the plant's capacity surge to 8,000 tonnes per day, with power output potentially hitting 200MW.

Tam Sinh Nghia specialises in waste management in Ho Chi Minh City, Long An and Kien Giang provinces. The company has obtained licences to apply waste-to-energy technology to plants located in the municipal city and Long An.

The plant is expected to treat 20–25 per cent of Ho Chi Minh City's daily waste using cutting-edge technologies, with the energy converted from waste being used for production and business activities.

Ho Chi Minh City discharged 9,800 tonnes of domestic waste daily in 2023. This figure can reach up to 11,000 tonnes during peak holiday periods. Meanwhile, Vietnam is one of the top 20 largest producers of waste in the world, discharging approximately 60,000 tonnes of rubbish each day, higher than the world average, with approximately 60 per cent coming from urban areas.

Solid waste is one of the most serious environmental problems in Vietnam, growing on average at 6 per cent per year in the 2021–2030 period. The increasing amount of waste has led to a rise in the use of landfills, causing more pollutants to be released into the environment.