Modifying Circular 15, Decision 21 on the Framework of electricity prices for the transitional solar and WPPs

The Government Office has just issued the Notice on Conclusions of Deputy Prime Minister Tran Hong Ha at the meeting on implementing the conclusions of the Government leaders related to the negotiation of electricity prices for the wind and solar power projects which Solar power has completed investment and construction, but not been put into operation.

The concluding announcement informed that on May 12, 2023, at the Government's working headquarters, Deputy Prime Minister Tran Hong Ha chaired a meeting on implementing the conclusions of the Government leadership related to negotiations on the electricity selling prices for the wind and solar power projects which have completed investment and construction but have not yet been put into operation.

Attending the meeting were representatives of leaders of ministries and agencies: Industry and Trade, Planning and Investment, Natural Resources and Environment, Finance, Construction, Justice, Government Office, Committee for the State Capital Management at the Enterprises, Electricity of Vietnam (EVN) and 23 investors in wind and solar power projects.

After listening to the report of the MOIT and the opinions of the delegates attending the meeting, the Deputy Prime Minister had the following conclusions: In order to achieve the goal of sustainable development, the Government is implementing necessary solutions for the national energy transition, including policies to encourage investment and development of renewable energy. In recent times, many wind and solar power plants have been invested, in and put into use, supplementing the important power plants to contribute to the goal of ensuring national energy security and developing the socio-economy of the country. economy and society. However, during the implementation process, it shows that many projects have been invested by enterprises but have not been put into use, causing a waste of social resources. In order to promptly overcome this situation, the Deputy Prime Minister requested MOIT a following number of contents:

Firstly: Urgently modify and supplement Circular No. 15/2022/TT-BCT dated October 3, 2022, and Decision No. 21/QD-BCT dated January 7, 2023, in accordance with the process, procedures, and regulations. (During no specific regulations on pricing methods, price negotiation it is necessary to have a specific guide on the method of calculating and negotiating electricity prices for wind and solar power projects).

In addition, study more options for calculating similar prices for traffic BT projects (the construction investment projects in the form of build-transfer contracts); The audit will establish and agree on an acceptable profit level, ensuring the investment motivation for the enterprises.

Secondly: Direct agencies to speed up the granting of licenses on the electricity activity for the completed projects.

Thirdly: For the completed projects it is to fulfill legal documents in regulations. Specifically, MOIT urgently directs EVN (before May 20, 2023) to negotiate with investors with temporary prices and to put projects generating electricity on the power grid. After negotiating and agreeing on the prices, payment will be made according to the official prices (from the date of generation to the grid).

Fourthly: For projects that are not yet eligible for operation and still have problems with legal procedures, MOIT and local authority (where the transitional power project is located) urgently guide enterprises to complete the courses in regulations.

Fifthly: For the completed transitional projects into investment procedures, already included in the Power Development Planning VII (adjusted), but at the end of the planning period, MOIT has guided enterprises and local authority (where the project is located) to strictly comply with the provisions on the planning and Resolution No. 61/2022/QH15 dated June 16, 2022, of the National Assembly and other relevant regulations.

In conclusion, the Deputy Prime Minister also requested the Ministry of Planning and Investment to issue a document urgently (before May 25, 2023) guiding the People's Committees of the provinces and cities to consider and decide to adjust the policy of investment for the transitional projects (with implementation time exceeding 24 months) compared with the time limit specified in the first investment policy approval letter as prescribed.