Early provisional prices for renewable energy projects that do not have time to enjoy preferential prices

VTC NewsVTC News18/05/2023


On May 17, the Government Office issued a notice of Deputy Prime Minister Tran Hong Ha's conclusion at a meeting on the implementation of the Government leaders' conclusions regarding negotiations on electricity prices for wind and solar power projects that have completed construction but have not yet been put into operation.

The Deputy Prime Minister requested the Ministry of Industry and Trade to urgently amend and supplement Circular No. 15/2022/TT-BCT dated October 3, 2022, Decision No. 21/QD-BCT dated January 7, 2023 in accordance with the correct procedures and regulations. In addition, study additional similar price calculation options for BT transport projects: audit and agree on acceptable profit levels, ensuring investment motivation for businesses.

Early provisional price for renewable power projects that do not have time to enjoy preferential prices - 1

Many wind power projects are slow to offer preferential prices, so they cannot sell electricity. (Photo: Vietnamnet).

The Ministry of Industry and Trade needs to "direct agencies to speed up the process of granting electricity operation licenses for completed projects," the Deputy Prime Minister requested.

For projects that have completed investment and construction work and completed legal documents according to regulations, the Ministry of Industry and Trade will urgently issue a document before May 20 directing Vietnam Electricity Group (EVN) to negotiate with investors on temporary prices and operate electricity generation on the grid. After negotiations are completed, the agreed price will be settled according to the official price from the date of transmission to the grid.

For projects that are not yet qualified for operation and still have legal procedures, the Ministry of Industry and Trade and localities where there are transitional power projects must urgently guide businesses to complete the required procedures and documents.

For transitional projects that have completed investment procedures, included in the adjusted Power Plan VII but have expired, the Ministry of Industry and Trade shall issue documents guiding enterprises and localities where the projects are located to comply with the provisions of law on planning, Resolution No. 61/2022/QH15 dated June 16, 2022 of the National Assembly and other relevant regulations.

The Deputy Prime Minister also assigned the Ministry of Planning and Investment to urgently issue a document before May 25 to guide the People's Committees of provinces and cities to review and decide on adjusting investment policies for transitional projects with implementation periods exceeding 24 months compared to the time limit specified in the first Investment Policy Approval Certificate in accordance with regulations.

(Source: Vietnamnet)


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