The investor of the Dalat solid waste treatment plant has asked authorities to suspend operations temporarily, citing a lack of resources.
Green Energy also said that before April 2024, when the treatment rate stood at VND 461,000 (USD 17.70) per tonne, it was able to service its debts, including payments of more than VND 37 billion (USD 1.42 million) to the Lam Dong Province Investment and Development Fund and more than VND 14.5 billion (USD 558,000), in civil judgment enforcement.
Since the rate was cut to VND 277,700 per tonne, the company has lost its ability to repay debts and has been asked by authorities to undergo asset seizure and disposal procedures for debt recovery.
The Dalat solid waste treatment plant was built on a 28-hectare site in Xuan Truong-Dalat Ward in Lam Dong Province.
The plant has been in operation since 2015, with an average processing capacity of 350-370 tonnes of waste a day for the Dalat urban area. It has previously shut down several times and stopped receiving waste because of disputes related to waste treatment pricing.