EVN proposes options to import wind power from Laos - Photo: T.TR.
The Ministry of Industry and Trade has just requested Vietnam Electricity Group (EVN) to complete the documents on the electricity purchase and sale policy, the plan to connect Truong Son wind power plant from Laos to Vietnam, as well as sell electricity from Vietnam to Laos to serve testing and connection.
Accordingly, the Ministry of Industry and Trade requested EVN to clarify the ability to receive and release capacity of Truong Son 2 wind power plant depending on the progress and operation of the 220kV grid connected to Truong Son wind power plant.
Carefully evaluate factors to propose electricity import pricing mechanism
EVN coordinates with investors to review, study and calculate carefully to ensure safe operation, in accordance with the factory connection plan approved by the Prime Minister.
At the same time, assess the socio-economic efficiency of the project in case part or all of the project comes into operation after December 31, 2025, and propose a corresponding electricity price mechanism to ensure feasibility.
The Group needs to update the progress and status of power source and grid deployment in the region, including imported power sources from Laos.
Carefully evaluate the expected progress of putting the Truong Son 2 Wind Power Plant project into operation and the connection lines to ensure feasibility and meet the demand for electricity supply.
EVN was also assigned to coordinate with the National Electricity System and Market Operation Company Limited (NSMO) and the National Power Transmission Corporation (EVNNPT) to assess the risk of power shortage in 2025 - 2027 of Vietnam's power system, especially in the North, the need to import electricity from Laos in general and the Truong Son wind power plant to ensure power supply.
Regarding the reverse electricity sale for testing and self-use for testing and operation of the Truong Son wind power plant, the Ministry of Industry and Trade requires research and calculation of the capacity demand in accordance with the characteristics and technical requirements of the project.
Previously, at the request of the Ministry of Industry and Trade, EVN was assigned to calculate the price framework for electricity generation imported from Laos for the period from December 31, 2025. The Electricity Trading Company (EPTC), the unit assigned to carry out this task, said that there are currently no regulations on calculating the price framework for imported electricity sources.
Therefore, EPTC proposes to consider the electricity generation price framework for importing electricity from Laos with specific criteria.
Research the right price
Including the ceiling price (maximum price) for importing electricity from Laos to Vietnam for projects approved by the Prime Minister, it will be 6.95 cents/kWh, applied to power plants operating before December 31, 2025.
However, because wind power is an unstable source of electricity, EPTC recommends that in addition to determining the imported electricity generation price frame calculated as the ceiling price, it will be calculated to slide back to 2025 according to the average annual investment reduction rate of 3.46%.
Accordingly, the price frame for electricity generation imported from Laos applied from December 31, 2025 for wind power plants is 5.51 UScents/kWh, calculating the investment reduction rate.
Based on EPTC's calculations, in May 2024, EVN reported to the Ministry of Industry and Trade and proposed additional options for the price frame for electricity imported from Laos at 5.51 cents/kWh and 6.4 cents/kWh to seek approval for a suitable price frame.
According to EVN, although it always wants to have a low electricity purchase price to ensure the cost of purchasing electricity, the issuance of the electricity price framework and the method of calculating the electricity price of each electricity import project from Laos has a direct impact on Vietnam's electricity purchasing opportunities.
Along with diplomatic factors, ensuring fairness between domestic and foreign investors, encouraging electricity imports, and implementing cooperation goals between the two governments, it is necessary to consider deciding on an appropriate price level that meets the above criteria.
In July 2024, EVN continued to make recommendations related to importing electricity from Truong Son 2 Wind Power Plant with a capacity of 350MW.
The project will be imported on a transitional basis on the 220kV double-circuit Truong Son - Do Luong wind power line. It is recommended that the ministry soon approve the electricity purchase price framework, electricity price calculation method and sample electricity purchase contract to implement the import.
Source: https://tuoitre.vn/nhap-khau-dien-gio-tu-lao-co-the-xuong-muc-5-51-cent-kwh-20240902114419136.htm
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