Nearly 70% of transitional renewable power projects without prices have submitted documents for negotiation, of which 43 projects have agreed on a temporary price of nearly VND 1,000 per kWh, equal to half of the ceiling price.
According to the price framework of the Ministry of Industry and Trade , the provisional electricity price for these projects is a maximum of VND908 per kWh, excluding VAT. Vietnam Electricity Group (EVN) said it has submitted to the Ministry of Industry and Trade for approval of provisional prices for 40 projects that have completed price negotiations and signed power purchase agreements (PPA).
In addition, 19 projects have been accepted by competent State management agencies for construction or part of construction. 26 projects have been granted licenses to operate electricity for the entire plant or part of the plant.
There are currently 3 projects that have been certified for commercial operation (COD) of a part of the plant, the whole plant, with a total capacity of more than 216 MW. However, these are all parts of the plant that have implemented COD before 2021.
The Ministry of Industry and Trade, EVN and related units have accelerated the removal of obstacles related to documents, procedures for negotiating temporary prices and power purchase contracts to soon put renewable energy projects into commercial operation and generate electricity in the context of power shortages in the 2023 dry season.
At least two dialogues with investors in wind and solar power projects were held by the management agency and EVN to remove difficulties for these projects.
Currently, the total capacity of renewable energy projects that are behind schedule is more than 4,600 MW. Of these, nearly 2,100 MW of 34 transitional projects have completed construction and testing. These projects will not enjoy preferential prices (FIT prices) for 20 years and must negotiate electricity prices with EVN according to the electricity price framework issued by the Ministry of Industry and Trade earlier this year, with prices 20-30% lower than before.
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