return icon Vietnamnet.vn

Vietnam considers bidding on solar power prices

A policy allowing investors to bid on solar power prices is being developed by the Vietnamese Ministry of Industry and Trade (MOIT). It is expected to be submitted to the Prime Minister this August and applied this year.

The projects to attend bids must be ones listed in the power development program approved by appropriate agencies and which enter commercial operation prior to June 30, 2022 and have the capability of releasing capacity at the COD (commercial operate date), according to VnExpress.

 

 

{keywords}

 



After chosen, investors will have to follow procedures for the bidding, including site clearance, design and other professional agreements.

The bidding will be organized separately for two different types of solar power projects – ground-mounted and floating solar power.

The maximum total capacity of the projects of one investor must not be higher than 20 percent of total capacity of projects to attend bids.

A bid will be considered valid if at least five investors attend the bid and observe legal procedures for bidding.

At present, under Decision 13/2020, the solar projects licensed prior to November 23, 2019 and put into commercial operation prior to December 31, 2020 will still enjoy the FIT (feed in tariff) mechanism. Other projects will obtain electricity sale contracts through bidding.

As for the projects in Ninh Thuan province, listed in the power development program, and to be put into commercial operation prior to January 1, 2021, they have the price of 9.35 cent per kwh (VND2,086). The price doesn’t include VAT and will be applied for 20 years.

At present, under Decision 13/2020, the solar projects licensed prior to November 23, 2019 and put into commercial operation prior to December 31, 2020 will still enjoy the FIT (feed in tariff) mechanism. Other projects will obtain electricity sale contracts through bidding.

Prior to that, in a document to the government last April, MOIT suggested three bidding solutions: bidding in accordance with projects; bidding at transformer stations; and bidding to choose investors for specific projects with the large scale of over 100 MW.

The ministry believed that the first solution was the best. The projects to be chosen are the ones which can satisfy technical requirements, and offer competitive prices (from low to high until EVN can mobilize the total capacity of 1,000 MW).

The ceiling prices are 7.69 cent per kwh for floating solar power and 7.09 cent per kwh for ground mounted solar power.

Tran Viet Ngai, chair of the Vietnam Energy Association (VEA), believes that bidding for solar power prices is necessary to prevent solar power projects from developing uncontrollably as seen currently.

Many solar power investors have expressed concern that they may fail to put solar power plants into operation by the end of this year to be able to enjoy the FIT because of Covid-19 which has affected the import of equipment and the use of labor force.

Translated by Kim Chi 

 

Solar power plants accelerate connection to grid to enjoy incentive

Solar power plants accelerate connection to grid to enjoy incentive

Many solar power plants have managed to get hooked to the power grid early to enjoy the high electricity prices, thus overloading the grid.  

Experts warn of scorching-hot growth of solar power in Vietnam

Experts warn of scorching-hot growth of solar power in Vietnam

The total capacity of solar power projects registered by investors has become nearly 10 times higher than the targeted level.

MORE NEWS

President to pay State visit to RoK next week

President Nguyen Xuan Phuc and his spouse will pay a state visit to the Republic of Korea from December 4-6.

Fansipan among five top destinations for mountain trekking at year-end

Renowned tourism website Women's Weekly of Singapore has named Fansipan among the leading five destinations to visit for mountain trekking at the end of the year, with the website noting the Vietnamese mountain’s impressive views.

Dortmund chiefs predict bright future for VN football

Although this was only a friendly game with many of the German stars absent from the starting eleven due to the Qatar World Cup, the victory gave the Bundesliga team food for thought about Vietnamese players.

International designers dazzle fashion fans in Hanoi

International designers left a deep impression on fans of fashion in Hanoi with hundreds of fascinating designs presented at the Aquafina VN International Fashion Week (AVIFW) Fall/Winter 2022.

Monthly Government meeting focuses on year-end key tasks

The Government has established working groups on liquidity and currency, the real estate market and corporate bonds led by deputy prime ministers to stabilise these markets.

Vietnam to reduce environmental impact of textile-garment industry by 2030

The Vietnam Textile and Apparel Association (VITAS) has set a goal of helping Vietnam's textile and garment industry be more environmentally friendly by 2030.

Property brokers no longer manipulate prices as buyers become more cautious

As buyers have become more aware and careful about shady practices, real estate brokers have not been able to sell properties at prices much higher than their real value.

Hanoi to turn middle alluvium ground into park

One more park has been designed for Hanoians. However, it is still unclear when the project will appear, as a number of other projects are still on paper or pending.

Asian investors eye more M&A opportunities in Vietnam

Investors from Japan, the Republic of Korea (RoK), and Singapore are looking for more potential merger and acquisition (M&A) opportunities in Vietnam, pinning high hopes on the long-term growth prospects of the market.

Vietnam's fishery exports exceed 10 billion USD in 11 months

Fishery exports reeled in 10.14 billion USD as of November this year, up 27% annually, said the Ministry of Agriculture and Rural Development.

HCM City want foreign doctors to be fluent in Vietnamese

The HCM City Department of Health has just proposed that foreign doctors should be fluent in Vietnamese if they want to work in the country.

Use of toxic e-cigarettes among students on the rise

After a trial smoke, T lost consciousness, was foaming at the mouth, and his limbs were curled up. Two days later, T regained consciousness at the hospital, but was still in the status of extreme fear.

Vietnam spends US$7.74 billion importing petroleum products

Vietnam imported over 7.5 million tonnes of oil and petrol worth around US$7.74 billion as of mid-November, up 24.1% in volume and 122% in value year on year, according to the General Department of Vietnam Customs.

Vietnam won’t sacrifice the environment for economic growth: Prime Minister

Vietnam takes people as the goal in development. People will enjoy the fruits of a green economy and the government will not sacrifice the environment to pursue economic growth.

Vietnam’s bond market contracts amid monetary tightening

After strong growth in the previous quarter, Vietnam’s currency bond market contracted 0.2% due to a decline in the Government bond market and slower growth in corporate bonds.
back_to_top