Government requires 'prioritizing maximum exploitation of available wind and solar power'

The Government Standing Committee emphasized the need to develop plans and synchronously, drastically and effectively implement solutions to ensure adequate electricity supply in the last months of 2023 and 2024 to serve production, business and people's consumption, ensuring national energy security and Vietnam's reputation with foreign investors.

In particular, the Government Standing Committee noted the maximum use of domestic electricity sources.

Specifically, for renewable energy sources, the Government Standing Committee assigned the Ministry of Industry and Trade to preside over and coordinate with the Ministry of Finance to guide the determination of electricity prices for completed wind and solar power projects but have not yet signed power purchase contracts with EVN.

Chính phủ yêu cầu 'ưu tiên khai thác tối đa nguồn điện gió, mặt trời có sẵn' - Ảnh 1. — The government requires maximum exploitation of available electricity sources to avoid waste.

"This is to make the most of available electricity sources, avoid waste based on the principles of harmonious benefits, shared risks, openness, transparency, no negativity, and no group interests," the conclusion stated.

The Ministry of Industry and Trade implemented the Prime Minister's direction, worked with the agencies of the National Assembly, the National Assembly Standing Committee, and the National Assembly's Thematic Supervision Delegation on the implementation of policies and laws on energy development in the 2016-2021 period, aiming to include in the Resolution the content of assigning the Government to regulate the mechanism for direct electricity purchase and sale between renewable energy developers and large customers and the mechanism to encourage the development of rooftop solar power for houses, offices and self-produced and self-consumed industrial parks. The Government Office and the Minister of Justice coordinated with the Ministry of Industry and Trade to advise the Government to send an official document to the National Assembly.

On that basis, compile and report to Deputy Prime Minister Tran Hong Ha before November 10 on power source projects with legal and technical problems that have not been put on the grid or have been put on the grid but not used at full capacity - with solutions to avoid wasting state and business assets.

Regarding electricity import, EVN is assigned to preside over, together with the Vietnam Oil and Gas Group, the Vietnam National Coal and Mineral Industries Group, and relevant agencies, to calculate and balance the maximum use of domestic electricity sources. If necessary, it is possible to calculate the option of purchasing electricity directly from Laos and China, but must proactively forecast accurately early.

Regarding hydropower, the Government Standing Committee also noted the need to ensure maximum exploitation of power generation capacity during peak summer months (May and June every year) and to calculate the highest reserve during peak dry season months in 2024.

Coal-fired power still accounts for nearly 50% of the total power output of the system. Therefore, in this conclusion, the Government Standing Committee emphasized many solutions to ensure electricity supply from this source. For investors of coal-fired power plants nationwide, especially in the North, the Government Standing Committee requested to have appropriate inspection, repair, and maintenance plans... to minimize generator failures during peak months.

The Ministry of Industry and Trade, the State Capital Management Committee, and EVN were also asked to re-count the BOT projects that were behind schedule to have suitable alternative sources and resolve this issue before November 15. The Government Standing Committee noted: "If the deadline is exceeded according to regulations, we must definitely remove them from the planning or terminate the contract. We must take the initiative in this matter."

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