The Ministry of Industry and Trade has urged the Electricity of Vietnam (EVN) and investors of transitional solar and wind plants to negotiate and agree to fix electricity prices before March 31.
Renewable energy investors have just submitted a recommendation to the Prime Minister regarding the rectification of shortcomings in the process of building and promulgating a price mechanism for power generation for transitional power plants.
The Department of Industry and Trade of Quang Tri Province, on November 22, said that there were 12 wind power projects in the province with a total capacity of 454MW. However, only two projects had completed construction and installation, while the remaining projects were behind schedule.
Many wind power projects in Central, Central Highlands, and Mekong Delta provinces cannot sell electricity because they are finished behind schedule, so they are suffering debts of trillions of Vietnamese dong.
The Government has issued a document No.5657/VPCP-NN asking competent agencies to strengthen the protection of natural resources, sea and islands environment.
Mr. Tran Van Lau, Chairman of the People's Committee of Soc Trang Province, on May 16, said that the province had been urgently taking action to resolve difficulties and problems in wind power projects in the area.
According to the Vietnam Energy Association, wind power has developed rapidly from 2011 to 2021, especially in 2021, thanks to the preferential policies of the Government.
Norwegian Ambassador to Vietnam Grete Løchen and Commercial Counsellor Arne-Kjetil Lian recently have handed over the 'Vietnam Supply Chain Study Report' to Vietnamese Minister of Industry and Trade Nguyen Hong Dien.
October 31 is the deadline for wind power projects and plants to enjoy the Feed-in Tariff (FIT) price mechanism (preferential electricity purchasing price fixed for 20 years) after being put into trial operations and receiving Commercial Operation Date (COD) acceptance.
Several wind power projects currently under development in the Mekong River Delta area are rushing to complete and start operating on a commercial basis before the November deadline, which would allow them to enjoy the preferential policies accorded under Decision No. 39/2018/ Decision-TTg of the Prime Minister.
