Update news renewables
The investor of the 600MW Cong Thanh coal-fired power project, listed in the eighth national power development plan (Plan 8), now wants to develop a 1,500MW LNG-fired power project as it has been difficult to raise funds for ‘dirty energy’ now.
The Vietnam Electricity Group (EVN) on December 26 announced that it would stop purchasing electricity from rooftop solar power projects developed after December 31 until the prime minister issues a new decision.
Due to the impact of the COVID-19 pandemic, the Ministry of Industry and Trade (MoIT) proposed maintaining the FiT for wind power until December 2023, switching to bidding later.
The feed-in tariff (FiT) for biomass power projects will range from VND1,634 to VND1,968 per kWh, exclusive of value-added tax, setting the stage for more investment in biomass electricity.