On May 24, 2023, the Ministry of Industry and Trade and Vietnam Electricity Group held a Conference with Investors of transitional renewable energy projects to clarify and remove obstacles in the process of implementing procedures for negotiating electricity prices and power purchase contracts for projects with the goal of putting the projects into operation as soon as possible, while ensuring compliance with legal regulations.
According to EVN, as of May 24, 2023, 37/85 renewable energy projects without prices have submitted documents to EVN Power Trading Company (EVNEPTC) to serve the process of negotiating electricity prices and power purchase contracts. For the remaining 48 projects that have not submitted documents, EVNEPTC has also sent a document requesting investors to continue submitting and providing project documents to serve the work of negotiating and agreeing on electricity prices.
There have been 24 renewable power projects that have temporarily finalized prices with EVN.
Through the process of reviewing documents, negotiating and basing on the Conclusion Notice of Deputy Prime Minister Tran Hong Ha in Notice No. 182/TB-VPCP dated May 17, 2023, out of 37 projects that have submitted documents, by May 24, 2023, EVN received requests to apply temporary prices from 24 projects.
The two parties met and agreed: The temporary electricity purchase price (excluding VAT) is equal to 50% of the ceiling price of the electricity generation price frame for each type of Power Plant specified in Decision No. 21/QD-BCT dated January 7, 2023 of the Ministry of Industry and Trade, the official electricity purchase price and the settlement of electricity bills will be implemented according to the instructions/decisions of competent authorities.
According to EVN, up to now, there have been 19 projects or parts of projects, including: Nam Binh 1 wind power plant, VPL Ben Tre, Yang Trung, Cho Long, Hung Hai Gia Lai, Lac Hoa 2, Hoa Dong 2, Vien An, Hanbaram, Huong Hiep 1, Tan Phu Dong, Hiep Thanh, Ia Le 1, Huong Linh 7; Phu My 1, Phu My 3, Thien Tan 1.2, Thien Tan 1.3 solar power plants and the solar power plant in Phuoc Minh commune, Thuan Nam district, Ninh Thuan province (450MW) with a total capacity of 1,347MW approved by the Ministry of Industry and Trade, with temporary prices.
Currently, EVNEPTC and the investor are coordinating to soon sign a power purchase contract.
Currently, Nhon Hoi wind power phase 2 (capacity 30MW) has completed negotiations and is completing procedures to soon submit to the Ministry of Industry and Trade for temporary price approval.
There are 4 projects with a total capacity of 154MW (including Wind Power Plant No. 5, Thanh Hai 2, 3, 4 and Cau Dat wind power plants) that EVNEPTC and the investor are negotiating and continuing to review documents to submit to competent authorities for approval according to regulations.
With the aim of putting the transitional renewable energy projects into operation as soon as possible, EVNEPTC has established many Negotiation Teams to be ready to discuss and guide the resolution of problems. EVN and EVNEPTC hope that the Project Investors will actively cooperate to provide complete documents for negotiation, especially legal documents, coordinate with EVNEPTC and the Power System Operator to immediately carry out the testing and commissioning of the Power Plant, promptly organize acceptance and complete the procedures and submit the Commercial Operation Certificate (COD) documents according to the provisions of the signed PPA power purchase agreement, ensuring compliance with legal regulations.
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