Private investment is permitted for small-scale nuclear power, and various mechanisms are in place for offshore wind power.

On the morning of December 11th, with 424 out of 436 attending delegates voting in favor, the National Assembly passed a resolution on mechanisms and policies for national energy development for the period 2026-2030.

Delegates vote to approve the resolution - Photo: P. THANG

The resolution stipulates mechanisms and policies for energy development related to adjusting and updating power development plans, developing the power supply network, investing in and constructing power projects, developing offshore wind power and direct electricity trading, and investing in and constructing oil, gas, and coal projects and facilities.

Cases where electricity projects are not subject to auction or bidding.

Specifically, the project to adjust and update the planning will include power generation and battery storage projects; projects in the provincial power development and power supply network planning catalog; and power grid projects.

Investment projects for electricity grid business within the power plan and power supply network development plan within the provincial plan will not require investment policy approval procedures.

Cases that do not require land use rights auctions or investor selection tenders include investment projects for the construction, upgrading, and renovation of national and regional power system control centers under the national power dispatching system; and offshore wind power projects as specifically stipulated in the resolution.

This also includes cases where investors have been approved for land use rights to implement electricity business investment projects; cases where investors have land use rights granted, leased, or recognized by the State and propose to implement electricity business investment projects; and electricity projects that require immediate and urgent implementation.

Regarding the development of small modular nuclear power (SMR) projects, the resolution encourages state-owned and private enterprises to participate in research, investment, and development. However, development must ensure nuclear security and safety, and comply with regulations on atomic energy and other laws.

Depending on the needs of each period, the government will develop and commercialize technologies, and issue investment mechanisms accordingly.

Many policies promote the development of offshore wind power.

Regarding the development of offshore wind power projects, businesses are allowed to use their own funds to conduct project surveys, and these costs can be accounted for as expenses if no investor wins the bid.

Offshore wind power projects that sell electricity to the grid receive investment approval and investor approval simultaneously, without having to go through land use rights auctions or investor selection tenders.

However, these projects must meet conditions such as national defense, security, national sovereignty , marine and island environmental resources, maritime transport, and oil and gas; be included in the planning and projected to be operational during the 2025-2030 period.

The Prime Minister will approve the investment plan for the project. The project's electricity price will not exceed the maximum price of the offshore wind power tariff framework in the year of negotiation.

With a direct electricity purchase and sale mechanism, the electricity price in the electricity purchase and sale contract, whether through a private grid connection or the national grid, will be negotiated and agreed upon by both the seller and the buyer.

The resolution expands the scope of entities eligible to directly participate in the direct electricity purchase and sale mechanism at electricity retailers in industrial parks, information technology zones, high-tech agricultural zones, urban areas, and free trade zones.

For nationally important and urgent oil, gas, and coal projects, the investment policy approval procedure is not required.

For ongoing projects, compensation and land clearance will continue to be carried out in parallel in case of adjustments to relevant planning or plans. The authority to decide on the project will rest with the Chairman of the Provincial People's Committee.

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Source: https://tuoitre.vn/tu-nhan-duoc-dau-tu-dien-hat-nhan-quy-mo-nho-nhieu-co-che-cho-dien-gio-ngoai-khoi-20251211093312538.htm