The Ministry of Industry and Trade has requested EVN to resolve the issue.

The Ministry of Industry and Trade has requested the Vietnam Electricity Group (EVN) to review, compile, and propose economic solutions for 14 solar power projects that have been and are currently enjoying incentive pricing mechanisms that are inconsistent with the content of Resolution No. 115/NQ-CP dated August 31, 2018.

Specifically, the projects include Hacom Solar, Sinenergy Ninh Thuan 1, Thuan Nam Duc Long, Thien Tan Solar Ninh Thuan, Phuoc Ninh, My Son 2, My Son, Nhon Hai Solar Farm, Bau Zon, Thuan Nam 12, SP Infra1, Adani Phuoc Minh, Bau Ngu Lake (section 473), and the 450MW solar power plant combined with the Thuan Nam 500kV substation and 500kV/220kV transmission lines.

The Government Inspectorate concluded that 14 projects were incorrectly granted the feed-in tariff (FIT) of 9.35 US cents/kWh as stipulated in Resolution No. 115. Therefore, from 2020 to June 30, 2022, EVN had to pay an additional approximately VND 1,481 billion (estimated) compared to payments made to the correct beneficiaries.

EVN had to pay an additional approximately 1,481 billion VND for 14 solar power projects that were incorrectly priced (Illustrative image: Reuters).

For grid-connected solar and wind power projects nationwide that have received commercial operation date (COD) under the FIT price, EVN is required to report and provide legal basis for implementing specialized electricity agreements and signing power purchase agreements.

In addition, the process includes checking the conditions and energizing the connection point; checking the readiness for power generation; certifying the Commercial Operation Date (COD); putting the power plant into operation; settling payments for electricity purchases and sales; and ceasing mobilization and disconnecting connections.

EVN is also required to review the entire process of implementing specialized electricity agreements, signing power purchase agreements, inspecting conditions and energizing connection points, recognizing COD, putting power projects into operation, and paying for electricity purchased at FIT prices to investors of wind and solar power projects.

EVN is required to propose solutions and measures to address the existing problems and violations of the investor and EVN itself.

EVN is also required to work with Trung Nam Hydropower Joint Stock Company to select a competent, experienced, and reputable auditing firm to conduct an audit of the total investment costs of the Dong Nai 2 Hydropower Plant project. Based on this audit, the parties will have a basis to review and renegotiate the electricity purchase and sale price, and report to the Minister of Industry and Trade and the Electricity Regulatory Authority for consideration and resolution in accordance with the law.

EVN has determined that the interest already paid in advance exceeded the regulated limit compared to the electricity price approved by the Ministry of Industry and Trade for the Dong Nai 2 Hydropower Plant and the Song Bung 4A Hydropower Plant.

Conduct a review and renegotiate the electricity purchase price of Vung Ang 1 Thermal Power Plant and Dong Nai 5 Hydropower Plant in accordance with the law and the audit results of the State Audit Office.

The report on the implementation of the inspection conclusions by EVN must be submitted to the Ministry of Industry and Trade before August 31st.

Source: https://hanoimoi.vn/14-du-an-dien-mat-troi-bi-ap-sai-gia-bo-cong-thuong-yeu-cau-evn-giai-quyet-637655.html