Search

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.

Recently, in Hanoi, PetroVietnam Power Corporation - JSC (PV Power) together with IB Global and Vietnam IDG Capital signed a memorandum of understanding (MOU) to establish a strategic cooperation relationship between PV Power and the Vietnam Clean Energy Fund after its establishment. This is a new opportunity for PV Power to participate in clean energy projects.

The Electricity of Vietnam (EVN) informed that as of the beginning of August 2021, there 106 wind power projects with a total capacity of 5,655.5 MW sent the documents for asking the EVN to recognize them in Commercial Operation Date (COD).

According to the reliable update information, there are 13 power plants in Power Development Planning VII (adjusted) with a total capacity of 17,040 MW could not be put into operation in the 2026 – 2030 period due to a number of reasons as a capital lack, fuel transition, investor transition, project return or project site failure…

According to the Decision 13/2020/QD-TTg (Decision 13), dated April 6, 2020 of the Prime Minister, on the incentive mechanism for solar power development in Vietnam officially coming into effect from the May 22, 2020 instead of Decision 11/2017/QD-TTg expiring on June 30, 2019, the rooftop solar power projects in coming time expect to be developed very strongly.

Electricity of Vietnam (EVN) informed: Recently, there a number of power grid projects for releasing power of solar and wind projects was completed over progress. However, to strengthen the ability of the power grids for releasing power of renewable energy (RE) in Ninh Thuan and Binh Thuan provinces, EVN proposes to supplement a number  of power grid projects in these provinces to the power development planning (PDP).

The Party Staff-Member Board of Ministry of Industry and Trade (MOIT) has just issued Resolution No. 21-NQ/BCSĐ, dated January 10, 2020 on the principles and  processes for adjusting and supplementing the power projects into the power development planning (PDP) in an order of prioritizing the grid first, power plant latter, and prioritizing the areas with a few renewable energy (RE) projects and areas with an ability to release capacities of power plants.