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Tuesday, June 18, 2024

Twenty-nine renewable energy projects ready for commercial operation

The Saigon Times

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HCMC – Twenty-nine among 85 renewable energy projects in the transitional phase have completed necessary procedures for commercial operation and are now eligible to be connected to the national grid, according to Vietnam Electricity Group (EVN).

Out of the 85 transitional renewable energy projects, 81 with a combined capacity of 4,597 MW have submitted their dossiers to EVN for price negotiations. Among these, investors from 72 projects proposed a preliminary price equivalent to 50% of the price ceiling set by the Ministry of Industry and Trade.

EVN has completed price negotiations and signed power purchase agreements with investors of 63 projects. The Ministry of Industry and Trade has approved tentative prices for these 63 projects, which have a total capacity of 3,429.4 MW.

Thirty-two projects have been fully or partially reviewed by the competent authorities. Operating permits have been issued for 27 projects, covering either the entire facility or a portion of it. Additionally, 37 projects have received approval for an extended validity of their investment policy.

Information updated by EVN on November 10, 2023, showed that 21 renewable energy projects had completed commercial operation procedures and connected to the national grid. Since then, an additional eight projects have completed these procedures, increasing the electricity generated and fed into the national grid from 793.4 million kWh to 2.6 billion kWh.

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