The MoU stipulates that JERA and EVN will share information and promote discussions towards the decarbonisation of the country's power sector. The two sides will work together to establish a roadmap for the decarbonisation of EVN's entire business, including the thermal power sector, and to explore the introduction of ammonia and hydrogen to EVN's thermal power plants.

Vietnam's electricity demand is expected to continue to increase in line with its economic growth, which both securing a stable energy supply and decarbonisation are nationwide challenges. Along with expanding the development of renewable energy, the government has announced a policy to promote conversion to ammonia and hydrogen in thermal power generation.

As Vietnam is one of the important countries in the business strategy for JERA, the company is developing a business base in Vietnam and exploring solutions to achieve both a stable energy supply and decarbonisation to support Vietnam’s economic development.

EVN is the largest power producer in Vietnam, owning approximately 40 per cent of the whole country's power generation capacity, which includes its subsidiaries’ facilities. JERA expects that collaboration with EVN will contribute to the decarbonisation of the country's power sector in Vietnam.

Under the JERA Zero Emissions 2050 initiative, the company is taking on the challenge of achieving zero CO₂ emissions from its domestic and overseas operations as of 2050. The company aims to achieve zero emissions through the formulation of roadmaps that are optimal for each country and region.

By formulating the company's decarbonisation roadmap while taking into full consideration the unique circumstances of Vietnam, JERA will contribute to the strong growth and development of Vietnam and the world.