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Monday, July 22, 2024

Ministry approves tariffs for 60 renewable energy projects

The Saigon Times

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HCMC – The Ministry of Industry and Trade had given the nod to the provisional electricity tariffs for 60 wind and solar power plants in the transitional phase, with a collective capacity exceeding 3,331MW, as of September 16.

Out of a total of 85 wind and solar power projects, 80 with a combined capacity surpassing 4,497 MW have submitted the requisite documents for pricing negotiations with Vietnam Electricity Group (EVN).

EVN successfully concluded pricing negotiations and finalized power purchase agreements with 62 investors.

Moreover, as of the end of August this year, 20 solar and wind power projects in the transitional phase, boasting a combined capacity of 1,170 MW, had received approval for commercial operation.

Of the 23 projects, some underwent full or partial review and were accepted by relevant authorities. In terms of other necessary legal procedures, 29 projects have been granted operating permits, which apply to either the entire facility or specific portions of it.

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