Sixty-two renewable energy projects cut deals for tentative electricity prices

August 03, 2023

HCMC – Sixty-two renewable energy projects had proposed tentative prices to Vietnam Electricity (EVN) as of August 1. The Ministry of Industry and Trade has approved tentative prices for 58 of the 59 projects, totaling over 3,181 MW in capacity. Additionally, 17 entire and partial renewable energy projects, with a combined capacity of nearly 859.52 MW, have completed the necessary procedures for commercial operation and are now connected to the national grid. As of July 21, the transitional renewable energy projects reached an overall capacity of nearly 211.7 million kWh, with average daily output of 3.2 million kWh, accounting for 0.4% of the total mobilized electricity. However, there are still 11 transitional renewable energy projects, with a total capacity of 734.70 MW, which have yet to submit their documents to the Electricity Power Trading Company (EPTC) under EVN for negotiations on prices and power purchase agreements.

The source of this news is from The Saigon Times