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Vietnam Energy Forum
MOIT answer to VEA petition about ‘FIT mechanism for wind and solar power’

MOIT answer to VEA petition about ‘FIT mechanism for wind and solar power’

The Electricity and Renewable Energy Department (Ministry of Industry and Trade - MOIT) has just issued a written document to the Vietnam Energy Association (VEA) on the petition about “Extending the FIT mechanism for the wind and solar power projects” (according to the Paper No. 2040/ PC-VPCP dated December 7, 2020, from the Government Office to the MOIT).
The wind and solar power project transfer is ‘normal transaction’

The wind and solar power project transfer is ‘normal transaction’

Explaining an information that, in recent years, many wind and solar projects were initially assigned to Vietnamese investors, but later transferred to Foreign investors to invest, own, manage and operate, Mr. Hoang Tien Dung - Director of Electricity and Renewable Energy Department (Ministry of Industry and Trade) affirmed that transferring all or a part of the investment project is a normal transaction in the market mechanism and is regulated by the Investment Law.