Also on the weekend, EVN will submit a document to the Ministry of Industry and Trade for consideration and approval for all 40/40 investors of renewable energy projects to transition to this temporary price proposal.
According to Decision 21 of the Ministry of Industry and Trade on the transitional price framework for solar and wind power plants, the ceiling price of the price framework (excluding value added tax) applied to ground-mounted solar power plants is VND 1,184.9/kWh; floating solar power plants VND 1,508.27/kWh; onshore wind power plants VND 1,587.12/kWh and offshore wind power plants VND 1,815.95/kWh.
With the proposed provisional price of 50% of the ceiling price, the electricity purchase price for the above 40 projects is estimated at 754 - 908 VND/kWh (excluding VAT). To date, the Ministry of Industry and Trade has approved provisional prices for 19 projects, with a total capacity of 1,347 MW. Thus, 21 projects are waiting for the Ministry of Industry and Trade to approve provisional prices and sign power purchase contracts.
Price framework for power generation of transitional renewable energy projects issued with Decision 21 of the Ministry of Industry and Trade dated January 7, 2023
There are currently 16 grid-connected renewable energy projects being tested...
According to the Electricity Trading Company, there are currently 16 grid-connected projects that have been and are being tested. Of these, 5 projects have completed testing and are carrying out COD (commercial operation date) procedures for commercial power generation. 19 projects have been accepted by competent State management agencies for the entire plant/part of the plant; 26 projects have been granted electricity operation licenses for the entire plant/part of the plant.
Up to now, there are still 32/85 projects, with a total capacity of 1,576.05 MW, that have not yet submitted documents to the Power Trading Company to negotiate electricity prices and power purchase contracts.
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