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Vietnam Proposes Changes in Bidding Rules for Solar Power Plants

Power News - Published on Thu, 27 Feb 2020

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Vietnam’s Ministry of Industry and Trade has had a change of heart on the bidding mechanism for solar power tariffs in Viet Nam. In the middle of last month, the ministry was still studying a bidding plan for solar projects in the country. However, it now says using a bidding mechanism for solar power tariffs could have negative impacts. The ministry sent a report to the government suggesting that solar power projects approved before November 23, 2019 that begin operating before January 1, 2021 should enjoy fixed feed-in-tariffs of 7.09 cents a kWh for plants on land and 7.69 cents for floating plants. It said: “Investors of the projects that have been granted investment certificates have spent a lot of time and money on planning, site clearance, preparations for construction and technical design evaluation. Not getting a PPA is an unwanted issue. Previous regulation would slow down a project of those without a PPA.”

In the previous proposal, MoIT suggested fixed rates would have applied only to projects that had begun construction before November 2019, operated this year; and signed power purchase agreements.

MoIT said 36 projects nationwide, with a total capacity of 2,989 MW, have received investment certificates before November 23, 2019. Seven more, with a total capacity of 517 MW, have signed PPA contracts and are currently under construction.

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Posted By : Rabi Wangkhem on Thu, 27 Feb 2020
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