Wind turbines in the central coastal province of Binh Thuan - a locality with a high potential to develop the wind power sector further in Vietnam. “We have so far put three wind power projects into operation in Vietnam. We also expect to have another project come on stream by 2019 and do a lot more in the future”, Tommaso Rovatti Studihard, South East Asia sales director for wind power firm Vestas Asia Pacific, told VOV Online. Studihard further said Vestas is eager for the Vietnamese market with great wind resources. The country sees huge opportunities to have some gigawatts of wind power within the next five years, in the wake of the Government’s recent feed-in tariff (FiT) revision. Under the Decision 39/2018/QD-TTg dated September 10, the FiT for wind power rises from US cents 7.8/kWh to US cents 8.5 for onshore generation and US cents 9.8 for offshore, respectively. This decision took effect from November 1 this year. … [Read more...] about Amendments to power purchase agreement called for more FDI
Power purchase agreement solar
Vietnam model for direct renewable power purchase agreement to be ready soon
A report released at the Vietnam Business Forum (VBF) Tuesday quoted Le Anh Duc of the Electricity Regulatory Authority of Vietnam (ERAV) as providing this assurance. It will be an agreement (DPPA) between an electricity producer and a corporate customer for power to be sold and delivered to the latter for its operation. It is aimed at encouraging development of renewable energy. Currently independent power producers sell their electricity to the state-run Vietnam Electricity (EVN), which is also the monopoly distributor. DPPA has been hot a topic on the agenda for the last two years, and has attracted enormous interest among potential private power producers and energy consumers like Coca-Cola, Heineken and Unilever, who would like their energy sources to be greener to fulfill their global environmental commitments. "Based on the advice of our consultants, ERAV will undertake preparatory work like determining the regulations that need to be amended or supplemented, and report to the … [Read more...] about Vietnam model for direct renewable power purchase agreement to be ready soon
EVN inks 35 solar power purchase deals with private firms
Illustrative photo (Photo: VNA) Hanoi (VNA) – Electricity of Vietnam (EVN) has to date signed 35 power purchase agreements (PPAs) with private solar power firms that have a combined capacity of 2,271 MW. Most notably is the agreement inked with the 35-MW Phong Dien solar power plant in Phong Dien district, in the central province of Thua-Thien Hue, which was the first solar project with access to the national grid. It was put into operation early this month. In the first nine months of 2018, the EVN has also put into commercial use two 600-MW generator groups at Vinh Tan 4 Thermal Power Plant and two others, each with a capacity of 300MW at Thai Binh Thermal Power Plant, bringing the its total electricity generation to 28,100 MW. From January to September, the state-run company has provided sufficient electricity supply for businesses and people nationwide, particularly during holidays, festivals, and national events. According to the EVN, the electricity generation and … [Read more...] about EVN inks 35 solar power purchase deals with private firms
Vietnam set to trial Direct Corporate Power Purchase Agreement
On June 12 this year, at a seminar on renewable energy, the Electricity Regulatory Authority of Vietnam (ERAV) discussed and disclosed information about such a pilot DPPA. Generally, a DPPA is an agreement between a power generator and a corporate customer in which power is physically delivered and sold to the customer for its operation. ERAV said it is a time-consuming process since it and its consultants had to do research and collect massive amounts of information on fundamental issues, design, details, and criteria for DPPAs, especially for cases such as Vietnam. It is also challenging for ERAV to consult other departments of the Ministry of Investment and Trade for piloting the DPPA. ERAV’s consultants have submitted a first preliminary report on international experience regarding the basic design, mechanism and operation of DPPA. It is known that ERAV and its consultants also sent a questionnaire to several industries, sectors, companies and other stakeholders to seek their … [Read more...] about Vietnam set to trial Direct Corporate Power Purchase Agreement
First solar power purchase contract signed
Solar power projects are entitled to the price of VNĐ2,086 (9.35 US cents) per kWh, subject to the exchange rate fluctuation The buyer is responsible for purchasing all the electricity generated from the grid-connected projects which will operate commercially before June 30, 2019 under the 20-year purchase agreement. — Photo baocongthuong.com.vnViet Nam News HÀ NỘI – Electric Power Trading Company (EPTC), an arm of Electricity of Việt Nam, and India’s Shapoorji Pallonji Infrastructure Capital Co Ltd on Monday signed a power purchase agreement for the solar power project SP Infra 1 Plant in Ninh Thuận Province. This is the first power purchase contract signed for a solar project in the country. The contract is based on the Prime Minister’s April 2017 Decision on mechanisms to encourage the development of solar power projects in Việt Nam and the Ministry of Industry and Trade’s circular on regulations of the development … [Read more...] about First solar power purchase contract signed