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Thursday, June 13, 2024

Pricing talks pending for four renewable power projects

By Nguyen Tan

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HCMC – Investors of four renewable power projects had not submitted documents to Vietnam Electricity Group (EVN) for pricing talks and power purchase agreements by October 13 this year, according to EVN.

Eighty-one out of 85 renewable power projects that were subject to pricing talks with EVN have a combined capacity of 4,597.86 MW.

Among these, 69 projects with a total capacity of 3,927.41 MW have proposed tentative prices which are equal to 50% of the price ceiling set by the Ministry of Industry and Trade.

EVN has successfully concluded negotiations and approved power purchase agreements with 63 of these projects. The Ministry of Industry and Trade has also endorsed tentative prices for 62 projects with a combined capacity of 3,399.41 MW.

According to EVN, 21 projects with a total capacity of 1,201.42 MW have completed all necessary procedures for commercial operation and are eligible to connect to the national grid.

As of October 12, renewable energy projects in the transitional phase had generated a total of 691 million kWh since the commencement of commercial operations.

Additionally, 24 projects have undergone full or partial reviews and been accepted by the competent authorities. Operating permits have been issued for 30 projects, either covering the entire facility or part of it, while 40 projects have received approval for an extension of their investment policy.

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