6385 transitional renewable energy projects submit price negotiation documents

DNHN - According to Decision No. 21/QD-BCT dated January 7, 2023, of the Ministry of Industry and Trade, 51/85 projects (total capacity of 2,871.611MW) have proposed temporary prices equal to 50% of the price ceiling for the price bracket.

As of 17:00 UTC on 1 June 2023, 63 of 85 transitional renewable energy projects had submitted documents to the Power Purchase Company to negotiate electricity prices and purchase contracts. The sale of electricity.

In addition, 10 projects have submitted documents for recognition of commercial operation date (COD), of which 9 projects/parts of projects have completed COD procedures and have begun providing electricity. Internet trading.

According to EVN, 51/85 projects (total capacity of 2,871,611MW) have proposed a temporary price equal to 50% of the ceiling price of the price bracket established by Decision No. 21/QD-BCT dated January 7, 2023, by the Ministry of Industry and Trade. EVN and investors have concluded price negotiations and executed Power Purchase Agreement (PPA) contracts for 48 of 51 projects. The Ministry of Industry and Commerce has approved temporary prices for forty of these projects.

Notably, 19 projects have been accepted by competent State management agencies for works/parts of works; 27 projects have been granted electricity operation licenses for the entire plant/a portion of the plant; and 24 projects have received decisions to extend investment policies.

After the issuance of Decision No. 21/QD-BCT dated January 7, 2023, on the regulation of electricity generation price bracket for solar and wind power plants transition, the Electricity Trading Company (under EVN) has sent investors a written request for documents to calculate and negotiate electricity prices.

Vietnam Electricity and the Ministry of Industry and Trade have held numerous conferences with project investors to discuss and resolve difficulties and problems relating to documents, orders, and negotiation procedures. electricity price negotiation and electricity sale and purchase agreement. EVN has made its processes and procedures public, transparent, and accessible to investors.

The Ministry of Industry and Trade and Vietnam Electricity have centered their efforts on overcoming difficulties and obstacles to bring projects to market with a positive attitude and a commitment to strictly follow the direction of the Prime Minister. As soon as possible, renewable energy transitions into grid-connected power generation while adhering to legal requirements.

The Electricity of Vietnam (EVN) maintains a website with regularly updated information regarding the development of transitional renewable energy projects.

PV (t/h)