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Land rental and land use fees of biomass power projects, grid systems and transformer stations connected to the National grid will be exempted and reduced according to current laws applied for projects in the fields of investment incentives. That is one of the preferential treatments for biomass power projects regulated at the prime ministerial Decision 24/2014/ND-CP that will take effect from May 10, 2014.

Vietnam Electricity Group’s Southern Power Corporation (EVN SPC) said that apart from providing power from the national power grid for the island district of Phu Quoc via the 110kV undersea cable line it would build new power plants to ensure stable power supply in the district.

The Electricity of Vietnam (EVN) has just sent a document to the Ministry of Industry and Trade on EVN expectation to reduce a large capacity of the wind power projects in 2021.

These three projects as Quang Trach Power Center (including thermal power plants Quang Trach 1 (2x600 MW),Quang Trach 2 (2x600 MW) and Quang Trach Coal Harbor), Bac Ai Hydropower Pump Storage Plant (4x300 MW) and Tri An Hydropower Extended Plant (200 MW) under Electricity of Vietnam (EVN) Investor have been put into urgent ones in order to guarantee security of electricity supply in period after 2020 up.

On December 15, 2015, the Ministry of Industry and Trade (MOIT) issued the Circular No. 44/2015 / TT-BTC (Circular 44) to stipulate the project development, avoided costs tariff and pattern power purchase agreement for biomass power projects.

The future of Petrovietnam Power Corporation - JSC (PV Power) is facing a challenging period, determined by the success or failure of investment in new projects.

The Minister of Industry and Trade has just issued Circular No. 18/2020 / TT-BCT to regulate development and model power purchase agreement (PPA) for the solar power projects (Circular 18).

The Government has approved an additional six solar power projects with a combined capacity of 850 MWp in Binh Phuoc, raising the total solar energy capacity of the southern province to the highest in the country.

The Prime Minister of Vietnamese Government has issued the Decision No 39/2018/QĐ-TTg dated 10/9/2018 for adjusting and supplementing a number of articles of the Decision No 37/2011/QĐ-TTg dated at 29/6/2011 on the mechanism to support the development of wind power projects in Vietnam.

Ministry of Industry and Trade (MOIT) has recently issued a Regulation on commitment to develop power plant projects and mechanism to handle the projects behind the committed schedule.

The EVN Chairman Duong Quan Thanh recently has have a working meeting with Quang Binh provincial leadership on the Projects in Quang Trach Power Center.

Ministry of Industry and Trade (MOIT) has issued Circular No. 23/2015 / TT-BCT dated on 07/13/2015, stipulating the order, procedures for investing Thermal Power Plant (TPP) projects by the build-operate-transfer (BOT) contract.

On December 5, Vietnam Citibank successfully arranged an US$ 245 million long-term (13 years)  export credit for National Power Transmission Corporation (EVNNPT). The credit is guaranteed by the Vietnamese Ministry of Finance and insured by the Japanese Export Credit and Investment  Insurance Agency (NEXI). This is a second credit  insured by NEXI for EVN NPT in Vietnam.

The Government has just issued Decree 02/2024/ND-CP on transferring power projects as public assets to the Electricity of Vietnam (EVN). Below are some regulations on electrical projects as the public assets and conditions for the projects to be transferred and the order and procedures for transferring electrical projects of this Decree:

At present, in Vietnam, there are 10 independent power projects (IPPs) with a total capacity of 11,092 MW. However, there are only 4 projects in development. The rest projects still encounter difficulties and obstacles in capital mobilization and land clearance.