EVN and some investors 'discuss reasonable solutions' for wind and solar power projects

The discussions between EVN and some investors aim to resolve obstacles and difficulties in line with the spirit of Government Resolution 233.

At the meetings, representatives from EVN and EPTC also requested investors to provide information on the completion report for construction items or the entire project, which was submitted to the relevant state agency for inspection and acceptance before being put into operation.

Additionally, they sought clarification on whether the project was developed directly by the investor or acquired through transfer or acquisition from another investor, as well as details on the percentage of foreign investment in the project (if applicable).

Additionally, according to Report No. 321/BC-BCT dated December 12, 2024, from the Ministry of Industry and Trade, which was presented at a meeting between government leaders, the Ministry of Industry and Trade, EVN, and renewable energy project investors on the same day, it was stated: "For projects currently benefiting from the FIT price but found to be in violation, as concluded by the competent authorities due to non-compliance with the conditions required to receive the FIT price, they will not be entitled to the preferential FIT rate. Instead, the electricity purchase price must be re-determined by regulations, and any improperly received FIT incentives must be recovered through offsets in electricity purchase payments."

Representatives from EVN and EPTC also informed renewable energy project investors—whose projects received official acceptance test approval (CCA) after the expiration of the FIT pricing decisions—that discussions would be held regarding the possibility of adjusting electricity selling prices under the FIT mechanism (a preferential pricing scheme) while awaiting guidance or conclusions from the relevant authorities.

With EVN and EPTC demonstrating a receptive and constructive approach, the discussions took place openly and straightforwardly, allowing for the exchange of views and consideration of investors' concerns and recommendations.

Based on the discussions and exchanges, EVN and EPTC will compile and summarize all opinions and recommendations from each investor. This information will be promptly reported to the Government and the Ministry of Industry and Trade to seek reasonable solutions that ensure a balanced interest among all parties involved./.