Till now, the Electricity Purchase and Sale Company has completed negotiations, signed minutes, and signed off on the Power Purchase Agreement (PPA) with 40/40 investors proposing a temporary price of 50% of the ceiling price bracket. There are 19 transitional projects (or part of projects) that have been approved by the Ministry of Industry and Trade and signed PPA…

The Ministry of Industry and Trade said that after the Ministry issued Decision No. 21/QD-BCT on January 7, 2023, stipulating the price framework of Solar power station and transitional Wind farm, the power sales company (affiliated to EVN) has sent documents to investors, requesting to submit calculation parameters and electricity price negotiation documents.

The Ministry of Industry and Trade and Vietnam Power Group has also held multiple meetings with project owners to discuss and resolve difficulties and issues related to records, procedures, electricity price negotiation procedures, and power purchase contracts. EVN has also publicly and transparently released the prescribed procedures and procedures, and sent them to investors.

In addition, the Ministry and EVN have been working to eliminate difficulties and obstacles related to the goal of introducing early renewable energy projects into the grid, while still ensuring legal provisions.

EVN also publishes and regularly updates information on the implementation procedures for transitional renewable energy projects on the group website at: https://www.evn.com.vn/c3/nang-luong-tai-tao/Cac-du-an-NLTT-chuyen-tiep–141-2014.aspx.

By the end of May 26, 2023, the Power Sales Company (EVNEPTC) had completed negotiations on the Power Sales Agreement (PPA) signed with 40/40 investors The Ministry of Industry and Trade has approved 19 transitional projects (or some of them), and signed PPAs.

In addition, 16 transition projects have been connected and are currently undergoing testing. Five of the transition projects have completed testing and are currently implementing COD procedures for commercial power generation.

19 transitional projects have been accepted by national regulatory agencies, and some of them have been completed. 26 transitional projects have obtained partial power operation licenses for the entire plant.

However, there are still 32 out of 85 renewable energy projects with a total capacity of 157605MW that have not yet submitted applications to EVNEPTC to negotiate electricity prices and purchase contracts.

Faced with this fact, the Ministry of Industry and Trade has assessed that the legal documents for granting power operation licenses have not received appropriate attention from investors, resulting in delays in the preparation and submission of documents to the regulatory authorities.

On the other hand, many investors have violated legal regulations such as planning, land, and construction investment, thus failing to comply with legal procedures and being unable to negotiate prices with EVN. even

On the other hand, many investors have violated legal regulations such as planning, land, and construction investment, thus failing to comply with legal procedures and unable to negotiate prices with EVN. Some investors are required to supplement their applications before the end of March 2023, but they are still unable to do so two months later.

Dang Hoang An, Deputy Minister of Industry and Trade, stated that the Ministry of Industry and Trade has instructed EVN to complete temporary price negotiations with all investors in wind power projects. Solar power generation will transition to approval by the Ministry of Industry and Trade before May 27, 2023, and proceed simultaneously with the completion of the power purchase contract signing process.

Mr. Dang Hoang An also affirmed the three major viewpoints of addressing obstacles to renewable energy projects under the guidance of the Prime Minister This is to solve the problem of complying with legal regulations; Resolve in the spirit of “benefit sharing and risk coordination”; Reasonable electricity prices and transmission costs.

This is a time when investors urgently need to complete the procedures and submit documents, so that the electricity price agreement will not be extended, shorten the time for these projects to be put into operation, and gradually solve the business problems of the enterprise, “emphasized the leader of the Ministry of Industry and Trade.

Souce: vneconomy.vn