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Thursday, July 18, 2024

Provisional electricity price approved for two wind farms

By N. Tan

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HCMC – Vietnam Electricity Group (EVN) has approved temporary electricity tariffs for two wind farms, Nam Binh 1 and Vien An, while 15 other wind and solar power projects have yet to wrap up pricing negotiations.

According to EVN, 31 of 85 transitional wind and solar power projects with a total capacity of 1,956.8 MW have submitted documents for power pricing talks with EVN. Of these, 15 are in pricing negotiations with EVN.

Eleven projects still need to supplement documents and clarify some regulatory issues, while EVN is reviewing the documents of five other projects.

Sixteen investors have proposed applying temporary electricity tariffs as negotiations are underway, of which six power plants have cut deals with EVN, comprising four wind farms — Nam Binh 1, Vien An, Hung Hai Gia Lai and Hanbaram — and two solar farms — Phu My 1 and Phu My 3.

According to a representative of EVN, a power project is eligible for operation when it is licensed by the authorities. However, only 13 of 85 transitional renewable energy projects have been permitted by the Ministry of Industry and Trade to be put into operation until now.

Nam Binh 1, Hung Hai Gia Lai and Hanbaram are three licensed plants among six that have successfully dealt with EVN on temporary electricity tariffs.

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