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Sunday, July 21, 2024

Electricity prices approved for 15 renewable energy projects

The Saigon Times

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HCMC – The Ministry of Industry and Trade has approved the provisional electricity prices for 15 wind and solar power plants after its negotiations with the Vietnam Electricity Group (EVN).

Tran Viet Hoa, director of the Electricity Regulatory Authority of Vietnam, said that 37 of 85 wind and solar power projects in the transitional period have sent their documents to EVN for pricing talks.

Fifteen wind and solar power plants with a total capacity of 1,200 MW had their provisional electricity prices approved by the Ministry of Industry and Trade.

Among them, there are three solar power plants, seven onshore wind power plants, and five offshore wind power plants.

In addition, six other power plants have reached an agreement on temporary pricing and are expected to submit the necessary documents to the Ministry of Industry and Trade this week.

The Ministry of Industry and Trade requested EVN and investors to urgently complete pricing talks, sign contracts, and complete legal procedures to integrate these plants into the national grid.

A power project is eligible for operation when it is licensed by the authorities, according to EVN. However, only 16 of 85 transitional renewable energy projects have been allowed by the Ministry of Industry and Trade to be put into operation.

Prime Minister Pham Minh Chinh urged EVN to complete pricing talks with the investors of wind and solar power projects as soon as possible on May 17 to help ensure electricity supply for businesses and households during the dry season.

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