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Friday, July 12, 2024

Seven more renewable power projects connected to national grid

The Saigon Times

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HCMC – Seven more renewable energy projects with a total capacity of over 430 MW have completed procedures for commercial operation and power generation, reported the local media.

According to Vietnam Electricity Group (EVN), nine renewable power transition projects have sent their documents to recognize the commercial operation date (COD) required for projects to be connected to the national grid, and seven out of them have now been approved.

Besides, the Ministry of Industry and Trade has approved tentative prices for 40 other projects.

These projects are among 59 renewable energy transition projects that have submitted their documents to EVN for pricing talks and power purchase agreements. Investors of 85% of these projects proposed a tentative price ranging from VND754 to VND908 per kWh (excluding VAT), equal to 50% of the price ceiling regulated by the Ministry of Industry and Trade, subject to wind or solar power.

EVN has conducted price talks with 46 projects and endorsed power purchase agreements with these projects’ investors.

Meanwhile, the Ministry of Industry and Trade has issued acceptance of works for 19 projects, issued power operation licenses for 27 projects and extended investment policy for 22 other projects.

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