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Tuesday, July 16, 2024

National grid gets extra 1,000 MW from renewable energy projects

The Saigon Times

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HCMC – Eighteen entire and partial renewable energy projects with a combined capacity of over 952MW have been connected to the national grid.

According to the Vietnam Electricity Group (EVN), as of August 11, nearly 93% of the transitional renewable power projects have sent their documents to the Electricity Power Trading Company (EPTC) under EVN for pricing talks and power purchase agreements. However, there are six projects, totaling 285 MW, which have yet to provide their paperwork.

Among these projects, 67 have proposed initial prices set at 50% of the price ceiling established by the Ministry of Industry and Trade. The proposed prices range from VND754 to VND908, exclusive of value-added tax. EVN has engaged in price negotiations and signed power purchase agreements with 59 projects, of which 58 tentative prices have gained approval from the Ministry of Industry and Trade.

Till now, 18 projects have fulfilled the necessary protocols for commercial operation and have successfully connected to the national grid, amassing a combined capacity of 952 MW. The cumulative electricity output from these renewable power projects, starting from the date of commercial operation up to August 10, is estimated at 268 million kWh. This contribution accounts for 0.4% of the total electricity supplied to the national grid on a daily basis.

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