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Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Tuesday, April 29, 2025

EVN to stop buying output from new rooftop solar power projects

Must read

HCMC – The Vietnam Electricity Group (EVN) on December 26 announced that it would stop purchasing electricity from rooftop solar power projects developed after December 31 until the prime minister issues a new decision.

According to EVN, the prime minister’s Decision 13/2020/QD-TTg on mechanisms to promote the development of solar power in Vietnam will become invalid after December 31 and a new decision has yet to be issued, the local media reported.

Power companies under EVN will make a list of rooftop solar power projects which will be put into commercial operation by December 31.

As for projects wherein part of them will be operated by December 31, power companies will sign agreements with the investors of these projects to determine the scale and capacity of the operated portion.

At present, the Electricity and Renewable Energy Department under the Ministry of Industry and Trade is coordinating with consulting agencies to study the model and scale of rooftop solar power projects and the price of electricity generated from these projects. In the first quarter of next year, the department will propose draft policies to encourage the development of rooftop solar power in the next periods so that the Ministry of Industry and Trade can submit them to the prime minister for approval.

As of December 25, 83,000 rooftop solar power projects with a total capacity of nearly 4,700 megawatt peak have been connected to the national grid. More than 1.13 billion of kilowatt hours of electricity has been generated from rooftop solar power projects, contributing to ensuring sufficient power for the country.

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