A. General Information
Project Title: A Low Carbon Hotel Project in Vietnam: Improving the Energy Efficiency of Commercial Buildings by Utilizing High-Efficiency Equipment.
Reference Number: VN003
Third-Party Entity (TPE): TPE-VN-002 Japan Quality Assurance Organization (JQA)
Contracting Party with TPE: Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Date of Report Completion: 25 February 2016
B. Project Description:
The “Low Carbon Hotel Project in Vietnam: Improving the Energy Efficiency of Commercial Buildings by Utilizing High-Efficiency Equipment” (hereinafter referred to as the proposed JCM project).
The proposed JCM project aims to reduce CO₂ emissions in the Socialist Republic of Vietnam (hereinafter referred to as Vietnam) by introducing various energy-saving solutions to existing commercial buildings. The project involves the installation of energy-efficient solutions at two project sites: Hotel Nikko Hanoi [Site 1], and Renaissance Riverside Hotel Saigon in Ho Chi Minh City [Site 2].
For Site 1, three energy-efficient solutions were installed: a high-efficiency boiler, a heat pump, and LED lighting. At Site 2, a high-efficiency boiler was installed.
Vietnamese project participants include Ho Chi Minh City University of Natural Resources and Environment (hereinafter referred to as HCMUNRE), while Japanese project participants include Hibiya Engineering, Ltd. and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (hereinafter referred to as MUMSS).
The proposed JCM project is expected to achieve a reduction of 289 tCO₂ per year. The estimated emission reductions during the period from 2016 to 2020 were calculated in the PDD.
The project operation start date is set as 1 April 2016, and the expected operational period of the proposed JCM project is 10 years.
The proposed JCM project has been selected as one of the JCM demonstration projects by the New Energy and Industrial Technology Development Organization (NEDO). As a result of financial support from NEDO’s programs, part of the implementation cost of the proposed JCM project will be funded by the Government of Japan. Furthermore, the implementation of the proposed JCM project aims to promote technology transfer, particularly low-carbon technologies, in Vietnam. Through the NEDO program, the performance of high-efficiency equipment will be monitored for a period defined by the program. During this monitoring period, know-how will be transferred to Vietnamese operators for optimal operation and use of the installed equipment.
The review team conducted a desk review, interviews, and site visits to confirm the accuracy and completeness of the project descriptions. Documents reviewed during the desk study are listed in Section E.2 of this report. Two days of site visits in Vietnam were conducted on 25–26 June 2015, including interviews with project participants and other relevant stakeholders such as local technical teams of equipment suppliers. Interviewees included both project participants and other stakeholders listed in Section E.1.
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