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The Electricity of Vietnam (EVN) has just issued the announcement No 148 EVN-KD-TCKT dated January 10, 2023, to the Electricity Corporations, Electricity Telecommunications, and Information Technology Companies about the purchase prices of the rooftop solar power projects in 2023 as follows:

According to Mr. Dang Hoang An, General Director of Electricity of Vietnam (EVN), with the increase in domestic coal prices for electricity production and updating the input parameters such as the prices of imported coal, oil, gas and exchange rates in comparison  with parameters used for calculation in plan of the first 9 months of 2016, the total power generation and business costs of EVN will increase about VND 7,230 billion in 2017.

The Vietnam National Oil and Gas Group (PVN) earned 253 trillion VND (11.3 billion USD) in revenue and paid 50.7 trillion VND to the State budget in the first seven months of this year.

The Vietnam Energy Review would like to update the status for accepting documents, negotiating and approving results of electricity prices, signing power purchase agreement (PPA), checking and taking over the transitional renewable energy (RE) projects on the morning of July 26, 2023 by the data of Electricity of Vietnam (EVN) for reader’s reference.

In order to negotiate and agree on the electricity prices of a part of the power project/the whole power project without electricity prices, the Power Trading Company (EVNEPTC) has just sent a written document to request the solar and wind power investors, to check the legal documents of the projects complying with the legal regulations on investment and construction or not. Especially, the evaluating documents of the power system operation units about the absorption ability of the national power system, as well as the ability to release the capacity of the power grid related to the project.

On the morning of December 4, Prime Minister Pham Minh Chinh and the Government Mission carried out a survey of the coastal wind power projects in Hoa Binh district, Bac Lieu province, worked with Bac Lieu provincial leaders, investors on renewable energy development in Bac Lieu province and Vietnam.

Ministry of Industry and Trade (MOIT) has issued Decision No 5107/QD-BCT on regulating the framework of electricity prices from thermal and hydrological power plants in 2017, according to which, the ceiling price level (without VAT) of coal-fired thermal plant is calculated by parameters of fuel used for power generation and the ceiling price level (without Royalties, forest environmental service fees and VAT) of hydrological plant is 1070 dong/kWh.

The Ministry of Industry and Trade (MOIT) has just required Electricity of Vietnam (EVN) to urgently coordinate with the investors of the transitional wind and solar power projects to unify the electricity prices before March 31, 2023.

The Electricity of Vietnam (EVN) informed that the increase of fuel prices lead to EVN power generation and purchase costs increased by more than 16,000 billion VND over the same period in 2020.

The Ministry of Industry and Trade (MOIT) has just promulgated Circular No. 57/2020/TT-BCT (Circular 57) on the method for defining electricity generation prices and the order for checking power purchase agreement (PPA), and on amending and supplementing a number of clauses of the Circular No 57/2014/TT-BCT dated 19/12/2014 of MOIT minister on the method and order to formulating and promulgating the framework of electricity generation prices.

Due to the oil prices continuous drop recently, PetroVietnam Exploration and Production Corporation (PVEP) has actively reviewed and adjusted the exploiting projects for according with the actual situation.