Solar Power – MOIT Publishes Draft Circular On Project Development And Standardized Power Purchase Agreements For Solar Power Projects

The Ministry of Industry and Trade recently published a Draft Circular on Project Development and Standardized Power Purchase Agreement for both grid-connected and rooftop solar power projects ("the Draft"). After publishing new solar power purchase prices under Decision 13/2020/QD-TTg ("Decision 13"), the Draft is another move of MOIT to replace Circular 16 that failed to address necessary changes in PPA terms. The Draft is anticipated to takes effect in June 2020, but note that there's not yet any official announcement on this. Also, with Decision 13's price being effective until 31 December 2020 only, this raised questions on the effectiveness of laws and regulations in Vietnam on in the long run.