Looking back at 2024, no new power projects were implemented throughout the year. This is something worth thinking about, because in fact, power growth did not “stand still”, but reached more than 10% in 2024.
Removing difficulties for renewable energy projects: Need to be faster, more practical
Looking back at 2024, no new power projects were implemented throughout the year. This is something worth thinking about, because in fact, power growth did not “stand still”, but reached more than 10% in 2024.
The Power System Operation Plan for 2025 was approved in mid-November 2024, with a forecast of 11.3% electricity growth. However, with the goal of achieving double-digit GDP growth in 2025, the Ministry of Industry and Trade needs to calculate a higher electricity growth plan to meet the needs of the economy, meaning that electricity growth must be reserved at about 15%. And to achieve this figure, the urgent task is to quickly remove difficulties and promote new electricity projects.
Recently, the Ministry of Industry and Trade has issued a plan to implement the Government's Resolution on policies and directions to remove obstacles and difficulties for renewable energy projects, with a fairly detailed and specific list of problems that each project is facing.
Although this list may not include all the projects that are facing difficulties that need to be resolved as mentioned in the meetings, it also helps many investors know exactly what difficulties their projects are facing, and which focal point they need to work with to resolve and resolve them.
Remember, in 2017, when Decision No. 11/2017/QD-TTg of the Prime Minister on the mechanism to encourage the development of solar power projects in Vietnam was issued, many investors in different fields "rushed" to invest in solar power projects, with high expectations of profits. However, among them, there were many investors who did not fully understand the process of implementing power projects. Not to mention, because of the "race" to the finish line quickly to enjoy good prices, many investors did not fully implement the process for power projects according to the provisions of law.
Conclusion No. 1027/KL-TTCP announced by the Government Inspectorate at the end of 2023 showed that there were up to 154 solar power projects with a total capacity of 13,837 MW without legal basis or basis for planning; incomplete land procedures, project acceptance...
With the spirit of "where there is difficulty, there is solution", the Government is the first "address" that the Ministry of Industry and Trade proposed to solve the problem of supplementing the electricity planning, because with current regulations, if the project is not included in the electricity planning, there is no basis for implementing the following steps.
Local People's Committees and Vietnam Electricity Group (EVN) are the next "addresses" that investors need to meet to resolve problems.
However, it is not easy to resolve problems quickly. For example, if you want to amend or supplement the local land use planning, you have to wait for the People's Council meeting, which normally only meets twice a year. If a locality supports this, it can include this content in extraordinary meetings, but this is also very rare. In cases where a province or city needs to request land use planning adjustments at a higher level, it will take even more time.
Regarding the negotiation of electricity prices for transitional renewable energy projects, looking at the reality that since the Ministry of Industry and Trade announced the ceiling price in Decision No. 21/QD-BCT in early 2023 until now, all transitional projects are still accepting payment at 50% of this ceiling price and have not yet completed negotiations on the Power Purchase Agreement to officially sign, then if you want to be quick, you have to... take it slow.
Optimistic because they clearly see the path to take in solving the problems, but many investors also said that their investment journey in renewable energy will be considered.
Currently, the Power Plan VIII and the Power Plan VIII implementation plan only include the project name and will have to bid to select the investor, the project implementation time is too short, the electricity price is low and is regulated in Vietnamese Dong. Recently, a series of policies for the electricity industry have been issued, such as Decree 80/2024/ND-CP on the mechanism for direct electricity purchase and sale with large customers, Decree 135/2024/ND-CP on the mechanism and policies to encourage the development of self-produced and self-consumed rooftop solar power, and most recently the Electricity Law (amended), but we still have to wait for instructions before being able to implement.
This reality requires that the removal of difficulties for renewable energy projects must be accelerated. At the same time, mechanisms and policies for developing power projects must also be clear and capable of being implemented soon. Only then can we encourage private investors to participate with state-owned enterprises, contributing to the goal of "Electricity is one step ahead".
Source: https://baodautu.vn/go-kho-cho-cac-du-an-nang-luong-tai-tao-can-nhanh-hon-thiet-thuc-hon-d238937.html
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