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Vietnam Energy Forum

The price frame for combined cycle gas turbine of thermal power generation using LNG

 - The Ministry of Industry and Trade (MOIT) issued Decision No. 1260/QD-BCT, dated May 27, 2024 on approving the electricity generation price framework for combined cycle gas turbine thermal power plants using liquefied petroleum gas (LNG).

Accordingly, the electricity generation price frame for combined cycle gas turbine of thermal power plants using LNG in 2024 applies to price negotiations of power purchase contracts of the power plants specified in Point a, Clause 2, Article 1 of the Circular No. 57/2014/TT-BCT dated December 19, 2014 of MOIT stipulating the method and sequence of developing and promulgating the electricity generation price framework is prescribed as follows:

Firstly: The electricity generation price ranges for thermal power plants using LNG in 2024 will be 0 - 2,590.85 VND/kWh (excluding value-added tax) Of which, the ceiling price will be 2,590.85 VND/kWh.

Secondly: The parameters used to calculate the ceiling price of the electricity generation price framework applied to thermal power plants using LNG in 2024:

- The net capacity: 1,579,125 kW.

- The net heat consumption rate at 85% load: 6,330.2 BTU/kWh.

- LNG price (excluding value-added tax, storage cost, regasification and gas distribution after reformation): 12.9792 USD/million BTU.

- Exchange rate: 24,520 VND/USD.

According to the decision of Electricity of Vietnam and the electricity generation unit negotiate electricity purchase prices based on compliance with legal regulations on determining electricity generation prices issued by MOIT and managing investment costs by legal regulations on construction./.

VietnamEnergy.vn

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